September 18, 2025
RA Jainee
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund snapshot
| NFO opens on | 18 September 2025 |
| NFO Closes on | 23 September 2025 |
| Min. Investment | Rs. 5000 |
| Plans | Growth, IDCW |
| Sahifund Verdict | This NFO may suit investors with a high risk appetite and 5+ year horizon, who are comfortable with all-cap, thematic equity exposure. Conservative investors or those seeking proven performance may be better served with established Flexicap funds. |
⏱️ Last Update: 18 September 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Open Date, Close Date?
NFO opens on September 18, 2025
NFO will close on September 23, 2025
Investment Strategy for this NFO?
The Scheme seeks to provide returns corresponding to the total returns of the securities as represented by the CRISIL-IBX Financial Services 3-6 Months Debt Index before expenses, subject to tracking errors/tracking difference.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 18 September 2025 |
| Issue Close | 23 September 2025 |
| Type | Open-ended |
| Category | Debt: Ultra Short Duration |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low to Moderate |
| Benchmark | CRISIL-IBX Financial Services 3 to 6 Months Debt |
About Benchmark Index for this NFO?
“CRISIL-IBX Financial Services 3-6 Months Debt ndex” is a constant maturity index that see s to trac the performance of Commercial Papers (CPs), Certificates of Deposit (CDs) & corporate bond securities maturing within 3 to 6 months from the date of inclusion in the index.
Inception date: 10th December 2024
Asset Allocation: 100% CPs, CDs & Bonds.
• The weights between asset classes (CPs, CDs and Bonds) are not fixed and could be different during various review periods based on the availability of securities in the market and may also drift due to price movements in the securities.
Index Duration: – The index will have securities maturing in the 3 to 6 months maturity at inception and securities will be reviewed on a set frequency to maintain the steady maturity profile of the index.
Index Construction:
| Parameter | Asset class 1 – CPs, CDs & Bonds |
| Eligibility criteria | • Issuers in the financial services sector with long term conservative rating of AAA with a minimum amount outstanding of Rs. 1500 crores and having securities (CPs, CDs & Bonds) with residual maturity of 3 to 6 months. |
| • Minimum security level amount outstanding of Rs. 100 crores. | |
| • Only listed issuers shall be included in the index. An issuer will be considered to be listed if at least one security (CPs or Bonds) of such issuer is listed as evaluated at the inception date of the index. CDs are not listed on the exchanges, and hence all CDs are considered eligible if they meet the remaining criteria. |
Fund Managers of Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund
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/
Review for Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of CRISIL-IBX Financial Services 3 to 6 Months Debt
Issuer selection at inception
• All issuers qualifying the eligibility criteria mentioned above will form a part of universe.
• Up to 20 traded issuers from the universe will be ranked and selected based on liquidity. If less
than 8 issuers are available, then select remaining issuers (to bring the count to 8) based on the
highest amount outstanding from the universe of outstanding securities as evaluated at the
inception date of the index. If the number of issuers is still below 8, then all such eligible issuers
with securities maturing in the 3 to 6 months residual maturity period will be shortlisted. Count of 8 issuers will be ensured by relaxing amount outstanding criteria first and then the residual maturity criteria i.e., highest amount outstanding issuers or highest residual maturity of issuers will be
selected respectively from the outstanding data.
Security selection at inception
• For each selected issuer, the security (CPs/CDs/Bonds) with highest residual maturity maturing in the 3 to 6 months period will be selected from the eligible universe. The selected security must have a minimum amount outstanding of Rs. 100 crores.
No. of constituents:
(1) Maximum: 20
(2) Minimum: 8
Weighing approach:
1. Weights to the issuers will be divided equally as on the base date of the index subject to issuer cap
and group cap. ince it’s a sectoral index sector caps are not applicable.
2. Issuers weights should not exceed 15% for AAA rated issuers. Group cap of 25% will be ensured.
3. When any issuer is excluded, the weight of that issuer will be redistributed proportionally amongst
the rest of the issuers of the index, subject to issuer & group cap.
⇒ Study about Benchmark Index in details (Page 181 to 182)
√ crisil-indices-methodology-document
[A] Review of Benchmark Index – CRISIL-IBX Financial Services 3 to 6 Months Debt
X
Insight:
Past Performance of Aditya Pagaria
| Fund | Axis Banking & PSU Debt Fund | It’s Benchmark | Axis Liquid Fund | It’s Benchmark |
| 1 Year | 7.89 | 4.74 | 6.92 | 4.74 |
| 3 Year | 7.14 | 4.58 | 7.04 | 4.58 |
| 5 Year | 5.85 | 3.59 | 5.65 | 3.59 |
| 7 Year | 7.29 | 3.73 | 5.78 | 3.73 |
| 10 Year | 7.23 | 3.89 | 6.23 | 3.89 |
As on 18-9-2025
[B] Review of Fund Managers
Aditya Pagaria
-
Background: 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., Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
-
Track Record:
Insight:
[C] Final Verdict – Should You Invest?
X
Sahifund Verdict:
X
Peer Comparison (?)
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Axis CRISIL-IBX Financial Services 3-6 Months Debt Index Fund NFO?
>> Post your MF questions @ sahifund.com/ask-me/
>> NFO Guidance:
https://sahifund.com/category/nfos/
Quicklinks