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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 Name | Axis Long Duration Fund |
| NFO Opening Date | 7th December 2022 |
| NFO Closing Date | 21st December 2022 |
| Re-open Date | Five days after the date of allotment |
| Type of Fund | Debt: Long Duration |
| Fund Manager | Mr Devang Shan, Mr Kaustubh Sule and Mr Hardik Shah |
| Minimum Investment Amount | INR 5,000 |
| Minimum Additional Purchase Amount | INR 1,000 |
| Exit Load | Nil |
| Suitability | Moderate Risk |
| Benchmark | NIFTY Long Duration Debt Index A – III |
| Plans and Options | Direct and Regular PlanGrowth and Income Distribution cum Capital Withdrawal (IDCW) Option |
NOTE:
- 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.
Popular Funds by Axis Mutual Funds
- Axis Bluechip Fund
- Axis Long Term Equity Fund
- Axis Small Cap Fund
- Axis Mid Cap Fund
- Axis Growth Opportunities Fund
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
| Instruments | Minimum Allocation | Maximum Allocation | Risk Profile |
| Debt Instruments & Money Market Instruments | 0% | 100% | Moderate |
Note: Investments in securitised debts shall not exceed 50% of the net assets of the scheme.
Similar Mutual Funds
- Nippon India Nivesh Lakshya Fund
- Aditya Birla Sun Life Long Duration Fund
- ICICI Prudential Long Term Bond Fund Institutional
- ICICI Prudential Long Term Bond Fund
Frequently Asked Questions
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.
Online:
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
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.
No, Axis Long Duration Fund has no lock-in period.
The scheme re-opens for ongoing subscriptions, switches and redemptions after five days from the date of allotment.
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