Axis Mutual Fund launches Crisil SDL 2027 Debt Index Fund

Axis Mutual Fund has launched Axis Crisil SDL 2027 Debt Index Fund, a target maturity scheme with benchmark maturity of 31 May 2027.

The new fund offers (NFO) opened for subscription on 7 February and will close on 21 February. The new scheme will track the Crisil IBX SDL Index – May 2027 and the portfolio is designed to invest predominantly in a portfolio of state development loans (SDLs) maturing between 1 December 2026 and 31 May 2027. The index will be managed by Crisil Indices Ltd.