Axis Mutual Fund, one of the largest fund houses in India, debuts New Fund Offer – Axis CRISIL IBX 50:50 Gilt Plus SDL September 2027 Index Fund. It is an open-ended target maturity index fund that invests in CRISIL IBX 50:50 Gilt Plus SDL Index constituents with a 30th September 2027 maturity date and has a relatively high-interest rate risk …
Debt funds focused on investing in fixed-income securities witnessed an outflow of ₹65,372 crore in September amid increasing interest rate cycle and redemptions by corporates to pay advance tax. Prior to that, investors pulled out over ₹70,000 crore from debt mutual funds in April-June due to high inflation and increasing rate cycle. Overnight funds category witnessed inflows to the tune …
