November 6, 2024
mayank
Axis CRISIL-IBX AAA Bond Financial Services-Sep 2027 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Past Performance & Review of NFO Benchmark Index
- Should You Invest in this NFO?
- Invest Online
What is the Axis CRISIL-IBX AAA Bond Financial Services-Sep 2027 Index Fund Open Date, Close Date?
NFO opens on November 08, 2024
NFO will close on November 21, 2024
Invest Stratege for this NFO?
The scheme seeks to provide investment returns before fees and expenses that closely corresponding to the total returns of the securities as represented by the CRISIL-IBX AAA Financial Services Index Sep 2027, subject to tracking error/ tracking difference.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 08 November 2024 |
| Issue Close | 21 November 2024 |
| Type | Open-ended |
| Category | Debt: Target Maturity |
| Min. Inveszment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | CRISIL IBX AAA Financial Services – Sep 2027 |
About Benchmark Index for this NFO?
Index objective:
Seeks to track the performance of AAA issuers from the financial services sector maturing near target date of the index. This is a sectoral index consisting of only issuers from financial services sector.
Eligibility criteria:
• AAA-rated corporate bond issuers in the financial services sector with conservative rating of AAA only based on liquidity, and the security nearest to index maturity.
• Issuing entity should be domiciled in India and should satisfy either of the following:
1) HFC issuers as available in the list mentioned on the nhb.org.in website with minimum outstanding amount of Rs.300 Cr in the eligible bonds of the issuer.
2) NBFC issuers as available in the RBI list of Non-Banking Financial Companies (NBFCs) with minimum Outstanding amount of Rs.300 Cr in the eligible bonds of the issuer.
3) Public Financial Institutions (PFIs) owned and managed by GOI as available in the RBI list of Public Financial Institutions (PFIs) with minimum outstanding amount of Rs.300 Cr in the eligible bonds of the issuer.
4) Private sector banks as per RBI with minimum outstanding amount of Rs.2,500 Cr in the eligible bonds of the issuer.
| CRISIL-IBX AAA Financial Services Index – Sep 2027 | |
| Target Date | 30th September 2027 |
| Eligible Period | Securities maturing in 6-month period ending 30th September 2027 |
| Asset Allocation | AAA- Corporate Bonds: 100% |
| Base Date | 28th August 2024 |
| Base index value | 1000 |
Fund Managers of Axis CRISIL-IBX AAA Bond Financial Services-Sep 2027
1) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
AMC
Axis Asset Management Company Ltd.
Address: 23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai – 400013
Website: http://www.axismf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Axis CRISIL-IBX AAA Bond Financial Services-Sep 2027 NFO?
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Quicklinks
https://sahifund.com/review-of-axis-crisil-ibx-aaa-bond-financial-services-sep-2027-index-fund-nfo/