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It will be an open-ended passive target maturity index fund of Axis Mutual Funds, predominately investing in constituents of CRISIL IBX 70:30 CPSE Plus SDL – April 2025. It has relatively low credit risk with a moderate interest rate risk. The scheme has a higher allocation towards debt and money market instruments. Risk involved in this scheme are moderate.
The CPSE Plus SDL – April 2025 seeks to measure the performance of portfolio of State Development Loans (SDLs) maturing during the six-month period prior to the maturity date of index. The weights between asset classes may drift due to price movement and will be reset quarterly.
CPSE:70%
SDL: 30%
| Instruments | Asset Allocations (% of total assets) |
| Debt Instruments comprising CRISIL IBX 70:30 CPSE Plus SDL – April 2025# | 95< |
| Money Market Instruments | >5 |
The corpus of the Scheme will be invested in Debt Instruments comprising of CRISIL IBX 70:30 CPSE Plus SDL – April 2025 The Scheme will also invest in Money Market Instruments. The Scheme will follow the “Buy and Hold” investment strategy in which debt instruments by Central Government & state government securities will be held till maturity unless they are sold to meet redemptions/rebalancing.
Certificate of Deposit (CD) is a form an integral part of the money market issued by commercial banks and Financial Institutions in India. The maturity period for CDs issued by Banks or institutions is between 7 days to one year, whereas, in the case of FIs maturity is more than 1 year to less than 3 years.
Commercial Paper (CP) is an unsecured negotiable money market instrument issued by a corporate house that matures less than one year. CP is traded in the secondary market and can be freely bought and sold before maturity, and is denominated in rupees only.
Treasury bill is a form an integral part of the money market. It is a Debt obligation of the Government issued at a discount to the face value with maturities of less than one year. It is a short-term obligation of the Government. Cash Management Bill (CMB) is generally issued for maturities of less than 91 days and is considered non-conventional investments.
Debt instruments are securities issued by companies, institutions and governments. They are generally issued to meet the short term and long term fund requirements. These instruments may have fixed or floating coupon rates and may be secured or unsecured against the assets of the Company.
| Fund House | Axis Mutual Funds |
| Scheme | Axis CPSE Plus SDL 2025 70:30 Debt Index Find |
| Plan | Regular/Direct |
| Opening Date: | 10-January-2022 |
| Closing Date | 20-January-2022 |
| Return Since Launch: | (.) |
| Benchmark: | CRISIL IBX 70:30 CPSE Plus SDL – April 2025 |
| Riskometer: | Moderate |
| Type: | Open-ended |
| Minimum Investment | ₹5,000 |
| Minimum Additional Investment | ₹ 1,000 and in multiples of Re. 1/- thereafter |
| Expense: | (.) |
| Fund Manager | Mr. Devang Shah |
| Funds | Annualize Return |
| Axis triple advantage fund | 18.70% |
| Axis Focussed 25 fund | 20.16% |
| Axis Banking and PSU Debt Fund | 8.06% |
| Axis Long Term Equity Fund | 20.01 |
Targeted Maturity Funds(TMF) are debt funds with a specific maturity date of the bonds in the portfolio. TMFs have a fixed tenure and mature investors are not affected by the impact of rising interest rates on their portfolios. Now, fund houses offer TMFs for a maturity period of five to six years. The yield curve rises during the maturity period, which sends a signal that such bonds offer better returns. Targeted Maturity Funds(TMF), longer tenure options are available whereas most of the fixed maturity plans(FMP) have a short tenure of max of 3 years. Fund managers do not actually have much time to develop returns due to limited investment areas.
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Disclaimer
All the information are used for education purpose only. Investing in mutual funds poses a risk of financial losses. Investors must therefore exercise due caution. InvestoAxis is not liable or responsible for any losses caused as a result of decisions based on the article.
