Axis AMC eyes Rs 200 crore from new state securities-focused fund ...Middle East

Business Standard - Economy
source : Business Standard ( Middle East ) () 20
Axis Mutual Fund expects to mop up at least Rs 200 crore from its new fund offer that tracks the Nifty' SDL or state government securities during the primary sales period. The open-ended target maturity index fund will invest in the constituents of the Nifty SDL September 2026 index, the fund house said in a statement on Friday. The New Fund Offer (NFO) opens on Friday and closes on November 16, it said without disclosing how much the company is targeting to garner. However, Raghav Iyengar, the chief business development officer at the fund house, told PTI that the company has set an internal target of garnering at least Rs 200 crore during the NFO. The company said the fund, which has no ex

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