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Axis Mutual Fund is launching a new long-duration debt fund, Axis Long Duration Fund, that invests across securities such that the portfolio Macaulay duration is greater than 7 years.
The New Fund Offer (NFO) period for the Axis Long Duration Fund is from 7th December 2022, to 21st December 2022. The scheme re-opens for continuous repurchases and sales within 5 days from the date of allotment.

Investment Objective: The fund aims to generate optimal returns consistent with moderate levels of risk. Furthermore, income may be complemented by capital appreciation of the portfolio. Accordingly, investments shall predominantly be made in Debt and Money Market Instruments. However, there can be no assurance or guarantee that the investment objective of the scheme would be achieved.

Fund Details

Fund NameAxis Long Duration Fund
NFO Opening Date7th December 2022
NFO Closing Date21st December 2022
Re-open DateFive days after the date of allotment
Type of FundDebt: Long Duration
Fund ManagerMr Devang Shan, Mr Kaustubh Sule and Mr Hardik Shah
Minimum Investment AmountINR 5,000
Minimum Additional Purchase AmountINR 1,000
Exit LoadNil
SuitabilityModerate Risk
BenchmarkNIFTY Long Duration Debt Index A – III
Plans and OptionsDirect and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option


  • All additional investment amounts should be multiple of INR 1

Who Can Invest in Axis Long Duration Fund NFO?

Axis Long Duration Fund is a debt fund with a Macaulay duration greater than 7 years. The fund aims to generate risk-adjusted returns by actively managing the portfolio holdings across different interest rate scenarios. Thus, investors should consider the high-interest rate risk the scheme is exposed to. Since the fund also plans to invest in long-dated government bonds, the credit risk is relatively lower. 

Therefore, investors who prefer long-term investment options with moderate risk levels can consider investing in Axis long duration fund. 

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Fund Manager

Mr. Devang Shah

Mr Shah has more than 16 years of experience, five years with Axis AMC. He is a Chartered Accountant and holds a commerce degree. His previous experience includes PricewaterhouseCoopers, Deutsche AMC & also ICICI Prudential AMC.

Mr. Kaustubh Sule

Mr Sule has more than 16 years of industry experience, of which 12 years in fixed income trading and portfolio management. He is currently the Fund Manager at Axis AMC. He holds a B.E. in Computer Engineering from the Pune Institute of Computer Technology and an MBA from IIT Kharagpur. 

Mr. Hardik Shah

Mr Shah is currently the Fund Manager – Fixed Income at Axis Mutual Fund. He has more than 13 years of experience. Mr Shah’s primary responsibility is to focus on medium to long duration strategies. He holds a B.E. degree in Information Technology from Sardar Patel College of Engineering (S.P.C.E) and an MBA in Finance from N.L Dalmia Institute of Management Studies & Research, Mumbai. 

Other Funds Managed

Asset Allocation

InstrumentsMinimum AllocationMaximum Allocation Risk Profile
Debt Instruments & Money Market Instruments0%100%Moderate

Note: Investments in securitised debts shall not exceed 50% of the net assets of the scheme.

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Frequently Asked Questions

How Can I Invest in the Axis Long Duration Fund?

You can invest in the Axis Long Duration Fund through any of the following methods:
Offline: By filling out the Axis NFO application and submitting it along with all documents and cheques to the nearest Investor Service Centre of CAMS or Axis mutual fund office.
1. Axis Mutual Fund Website
2. Online FinTech platforms and mutual fund platforms
3. Through Demat account
4. Through a mutual fund distributor or agent

Is Axis Long Duration Fund risky?

Yes, it is a moderately risky investment based on the riskometer. Axis Long Duration Fund is a pure long-term debt fund with a Macaulay duration of more than 7 years. The scheme has a high-interest rate risk and relatively low credit risk. 

Is there a lock-in period for Axis Long Duration Fund?

No, Axis Long Duration Fund has no lock-in period. 

When will the scheme open for ongoing subscriptions, switches and redemptions?

The scheme re-opens for ongoing subscriptions, switches and redemptions after five days from the date of allotment.