The Axis NIFTY G-Sec September 2032 Index Fund is a new open-ended target maturity debt index fund launched by Axis Mutual Fund in India. The fund will invest in constituents of the NIFTY G-Sec September 2032 Index and aims to replicate the index’s returns before expenses. The fund will allocate 95% to 100% of its portfolio to debt instruments comprising the index and the rest in Debt and Money Market instruments. The scheme will follow a Buy and Hold investment strategy, and debt instruments of the respective index will be held until maturity unless sold for meeting redemptions or rebalancing. The minimum investment amount for the fund is Rs. 5,000/- and in multiples of Rs. 1/- thereafter, and there is no exit load. As a passive fund, the Axis NIFTY G-Sec September 2032 Index Fund aims to minimize duration risk for investors who remain invested through the life of the fund.