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Axis MF has launched AXIS CRISIL-IBX AAA BOND NBFC-HFC - JUN 2027 index fund, an open-ended target maturity index fund investing in constituents of CRISIL-IBX AAA NBFC-HFC Index – Jun 2027.
The minimum investment amount is Rs. 5,000 and in multiples of Rs. 1 thereafter.
The NFO will allocate 95% to 100% of its underlying assets in fixed income instruments replicating CRISIL-IBX AAA NBFC-HFC Index – Jun 2027 Index while the remaining will be invested in debt and money market instruments for liquidity purposes.
The YTM of the index is approximately 7.70-7.75% and it will invest in in AAA rated assets and balance for liquidity purpose.
B. Gopkumar, MD & CEO, Axis AMC said, “The NFO allows the investors to tap into the potential of India's burgeoning NBFC and HFC sector. This will help investors in gaining exposure to a diversified portfolio of high-quality, AAA-rated debt securities.”
