The Newz Biz Team, PUNE
Axis Mutual Fund, one of the fastest-growing fund houses in India, today announced the launch of their new fund offer – ‘Axis Floater Fund’. The fund offers efficient solutions for short term investors looking to navigate a possible rising interest rate environment and also an ideal parking solution for their investment. The fund will be actively managed by Mr. Aditya Pagaria, Fund Manager –Fixed Income.
A well-crafted portfolio with an efficient way to park money: The new fund offer is crafted with a dynamic mix of high-quality instruments & AA issuers. It targets a portfolio average maturity of 6-18 months. This makes it suitable for investors looking to park short-term surplus funds or for those looking to limit the interest rate risks in their debt portfolio
The fund attempts to offer better risk reward opportunities over other traditional alternatives in the short term space. Axis Floater Fund is an actively managed portfolio of floating rate instruments and fixed-rate bonds that are swapped for floating rate characteristics through swaps. The floating rate strategies aim to manage interest rate risks by investing in bonds where the coupon is linked to market movements.
Announcing the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC said “At Axis AMC, we have always believed in being ahead of time and introducing a product bouquet which gives our investors promising avenues for wealth creation. Every investor holds different goals, risk appetite, and a different time horizon to achieve the set goals. Therefore, we aim at personalizing and intelligently crafting multiple investment options to fulfill the needs of our investors.