The investment objective of the scheme is to provide investment returns before fees and expenses that closely correspond to the total returns of the securities as represented by the Nifty AAA Financial Services Bond Mar 2028 Index, subject to tracking error/ tracking difference. There is no assurance that the investment objective of the Scheme will be achieved.
The scheme follows a passive investment strategy Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund is a passively managed index fund which will employ an investment approach designed to track the performance of Nifty AAA Financial Services Bond Mar 2028 Index. The Scheme will follow Buy and Hold investment strategy in which debt instruments issued by the financial services sector will be held till maturity unless sold for meeting redemptions/rebalancing. The Scheme shall replicate the index. In case the Scheme is not able to replicate the index the Fund Manager may invest in other issuances within the limits specified and subject to conditions laid down by Para 3.5 of Master Circular for Mutual Funds as amended from time to time. During normal circumstances, the Scheme`s exposure to money market instruments will be in line with the asset allocation table. However, in case of maturity of instruments in the scheme portfolio, the reinvestment will be in line with the index methodology.
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