Axis Mutual Fund has launched a new Open Ended Growth scheme named "Axis Nifty AAA Bond Financial Services - Mar 2028 Index Fund" with maturity period of 0 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Feb 27 to Mar 04, 2025.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth, IDCW, IDCW-Reinvestment.

The fund manager of the scheme will be Hardik Shah, while the performance of the scheme will be benchmarked against .

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.