Asset management company Axis Mutual Fund has launched Nifty SDL September 2026 Debt Index Fund, an open-ended target maturity index fund investing in the components of Nifty SDL September 2026 Index, with relatively high interest rate risk and relatively low credit rating. There is risk.
The New Fund Offer (NFO) is open for subscription from November 4 to November 16, 2022.
The investment objective of the scheme is to provide investment returns commensurate with the total returns of securities as represented by Nifty SDL September 2026 Index before expenditure, subject to tracking errors.
The fund manager of the scheme will be Aditya Pagaria, and the minimum investment amount will be 5,000 and thereafter in multiples of Rs.
Target maturity funds allow investors to access specific maturity buckets. As a passive fund, the product aims to replicate specified indexes maintained by reputable index providers. The ‘hold to maturity’ nature of target maturity strategies is intended to reduce term risk for investors who remain invested during the life of the fund.
These funds do not have lock-in and hence provide liquidity to the investors, should they wish to redeem mid-term without any hassle.
According to the fund house, SDLs (State Development Loans) are state government securities that are issued to meet budgetary expenditure and implement development projects.
Axis Nifty SDL September 2026 Debt Index Fund aims to follow a low-friction investment strategy by tracking a pre-specified benchmark/index as closely as possible.
The fund house says that the scheme is ideal for investors who want to build a high quality passive debt portfolio with a relatively long investment horizon.
Managed by NSE Index Ltd., currently Nifty SDL Index September 2026 is a portfolio of State Development Loans (SDLs) maturing between April 01, 2026 to September 30, 2026. Rebalanced semi-annually, the index comprises a highly liquid portfolio of SDLs issued by 15 states based on the following parameters:
Commenting on the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC said, “We believe that Axis Nifty SDL September 2026 Debt Index Fund will be a remarkable add-on to our offerings on the passive debt side. Investors can take advantage of a consistent style (as the index represents a defined set of SDLs issued by state governments) and relatively low risk exposure (since the index fund provides a well-defined mixed sovereign exposure through SDLs). is) expenses and market-linked returns. As a fund house that believes in ‘responsible investing’, we are providing investors an opportunity to invest in quality assets.”
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