Axis Mutual Fund has announced the launch of their New Fund Offer – Axis Long Duration Fund. It is an open-ended debt scheme investing in instruments such that the Macaulay Duration of the portfolio is greater than 7 years; a relatively high interest rate risk and a relatively low credit risk. The new fund will track the NIFTY Long Duration Debt Index A – III. The NFO for Axis Long Duration Fund opens on 7th December, 2022 and closes on 21st December, 2022.
The fund will be managed by Mr. Devang Shah, Mr.Kaustubh Sule, and Mr.Hardik Shah and the minimum investment amount would be Rs. 5,000 and in multiples of Re. 1/- thereafter. The primary investment objective of the Axis Long Duration Fund is to generate optimal returns consistent with moderate levels of risk.
Commenting on the launch of the fund, Chandresh Nigam, MD & CEO, Axis AMC said, “Using systematic investing solutions like SIP & SWP, investors can create a completely flexible investment plan using long dated government bonds.”
