NFO: Axis Mutual Fund launches Axis AAA Bond Plus SDL ETF - 2026 Maturity Fund of Fund; check highlights

Axis Mutual Fund on Thursday announced the launch of their new fund offer – ‘Axis AAA Bond Plus SDL ETF 2026 Maturity FoF’. The benchmark index has a maturity date of April 30, 2026. The fund of fund is an extension to the Axis AAA Bond Plus SDL ETF - 2026 Maturity which was launched in May 2021. "The offering aims to provide passive long term debt investment solution for investors with a 5-year investment horizon. The fund of fund will deploy its assets predominantly in the underlying ETF which invests across AAA corporate bonds and SDLs," the company said in a statement. 

 Axis AAA Bond Plus SDL ETF - 2026 Maturity Fund of Fund: Highlights: -

-An open-ended Target Maturity Fund of Fund scheme investing in units of Axis AAA Bond Plus SDL ETF - 2026 Maturity

-Benchmark – Nifty AAA Bond Plus SDL Apr 2026 50:50 Index

-Minimum Investment: Rs. 5,000 and in multiples of Re. 1/- thereafter

-NFO Period: September 30, 2021 to October 13, 2021

Commenting on the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC said, “The debt space has seen a slew of target maturity products across various maturities and asset types. The idea of having an open ended structure with a defined maturity is an evolution brought on by passive products. With this FoF offering we hope to expand the availability of such solutions to investors who do not hold demat accounts and prefer to deal with the AMC directly.”