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New fund based on Indian Government bonds

Axis Mutual Fund has launched an ‘Axis Constant Maturity 10 Year Fund’ for investors in India. This is an open-ended government bond fund closing subscription on 19 January. The objective of the scheme is to generate returns similar to 10 year Indian government bonds. The benchmark of the fund is Crisil 10 year Gilt Index. There is no entry and…

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