Axis Mutual Fund aims to collect around Rs 50 crore from the new fund it is launching next Monday during the primary subscription period.
The fund offer -- Nifty G-Sec September 2032 index fund -- is an open-ended target maturity debt index fund investing in the constituents of the Nifty G-Sec September 2032 index.
Aditya Pagaria and Hardik Shah will be managing the new fund which has no exit load.
ADVERTISEMENT
The new fund will open for subscription on March 6 and close on March 13, it said in a statement on Friday.
The chief business development officer at the fund house Raghav Iyengar said the company is looking at collecting at least Rs 50 crore during the primary offer period.
Add us to your Preferences
Set as your preferred source on Google
ADVERTISEMENT
RECOMMENDED FOR YOU
Invest In SIPs With Just Rs 10 — Enrich Money Becomes First ONDC Broker Offering Rs 10 SIPs
Sep 08, 2025
Court Denies Bail To Ex-Axis Mutual Fund Manager In Money-Laundering Case
Sep 05, 2025
Stock Market Today: All You Need To Know Going Into Trade On Sept. 5
Sep 05, 2025
Over 1000% Surge In Inflows In July: Here's What Put Sectoral And Thematic Funds Back In Business
Aug 26, 2025
POPULAR
1
ICRA Sees Credit Growth Gaining Traction In H2 On GST Rate Cuts, Softer Deposit Costs
2
Air India, Kazakhstan's Air Astana Enter Into Codeshare Partnership
3
Pilgrimage Travel Rises 19% In FY25; Varanasi, Ayodhya Among Top Destinations: MakeMyTrip Report
4
Women Taking Ozempic Face Risks Of Unplanned Pregnancy: Study
5