September 13, 2024
mayank
Axis CRISIL IBX AAA NBFC Index-Jun 2027 Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Axis CRISIL IBX AAA NBFC Index-Jun 2027 Fund Open Date, Close Date?
NFO opens on September 13, 2024
NFO will close on September 23, 2024
What is the Investment Strategy?
The scheme seeks to provide investment returns before fees and expenses that closely corresponds to the total returns of the securities as represented by the CRISIL-IBX AAA NBFC Index – Jun 2027, subject to tracking errors.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 13 September 2024 |
| Issue Close | 23 September 2024 |
| Type | Open-ended |
| Category | Debt: Target Maturity |
| Min. Investment(Rs) | 5,000 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Moderate |
| Benchmark | CRISIL IBX AAA NBFC – June 2027 |
What is the Benchmark Index?
“CRISIL-IBX AAA NBFC Index – Jun 2027” is a sectoral/thematic target maturity index that seeks to track the performance of AAA issuers from the NBFC sector only, maturing near target date of the index
Inception date: September 27, 2024
Asset Allocation: 100% Bonds
Eligible period/lookback period: The index will have securities maturing between 1st January 2027 to 30th June 2027.
Eligibility criteria:
• Issuers in the NBFC (as available in the RBI list of Non-Banking Financial Companies (NBFCs))
sector with long term conservative rating of AAA with an issuer-level minimum total amount outstanding of Rs. 400 crores for securities maturing in the eligible period.
• Minimum security level amount outstanding of Rs. 100 crores.
• Only listed issuers shall be included in the index. An issuer will be considered to be listed if at least one security of such issuer is listed on NSE and/or BSE as evaluated at the inception date of the index.
Portfolio as on 27 August 2024
| Asset Class | ISIN | Issuer | Date of Maturity | Weight |
| Bonds | INE976I07CT9 | Tata Capital Ltd. | 10-May-27 | 15.00% |
| INE296A08847 | Bajaj Finance Ltd. | 22-Jun-27 | 15.00% | |
| INE774D07VE1 | Mahindra & Mahindra Financial Services Ltd. | 25-Mar-27 | 15.00% | |
| INE916DA7SO7 | Kotak Mahindra Prime Ltd. | 21-Apr-27 | 8.96% | |
| INE891K08042 | Axis Finance Ltd. | 11-May-27 | 7.86% | |
| INE860H07IY4 | Aditya Birla Finance Ltd. | 19-May-27 | 15.00% | |
| INE756I07EY1 | HDB Financial Services Ltd. | 10-May-27 | 10.31% | |
| INE498L07038 | L&T Finance Holdings Ltd. | 16-Jun-27 | 7.10% | |
| INE975F07IR8 | Kotak Mahindra Investments Ltd. | 21-Jun-27 | 5.77% |
Performance Review of the Fund Manager of Axis CRISIL IBX AAA NBFC June 2027?
1) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
Past Performance of his Schemes
| Fund | Axis Banking & PSU Debt Fund | It’s Benchmark | Axis Treasury Advantage Fund | It’s Benchmark |
| 1 Year | 7.29 | 4.82 | 7.34 | 4.82 |
| 3 Year | 5.43 | 3.65 | 5.86 | 3.65 |
| 5 Year | 6.16 | 3.32 | 5.97 | 3.32 |
| 7 Year | 6.88 | 3.60 | 6.49 | 3.60 |
| 10 Year | 7.32 | 3.97 | 6.96 | 3.97 |
As on 13-09-2024
Which Company Owns Axis CRISIL IBX AAA NBFC Jun 2027?
Axis Asset Management Company Ltd.
Address: 23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai – 400013
Website: http://www.axismf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Axis CRISIL IBX AAA NBFC Index Jun 2027 NFO?
Guidance for Axis CRISIL IBX AAA NBFC Index-Jun 2027 Fund by Paresh Gordhandas, C.A., Research Analyst.
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