Upcoming NFO: Axis Mutual Fund Files Draft Papers with SEBI for Fixed Maturity Plan

Axis Mutual Fund has filed draft documents for Axis Fixed Maturity Plan Series 131-132, a close-ended debt scheme with maturities ranging from 15 days to 180 months.  

The scheme will invest in debt and money market instruments that mature on or before the maturity date of the respective plans.  

The draft papers classify the scheme under relatively high interest rate risk and relatively high credit risk categories.  

The final Potential Risk Class (PRC) will be decided at the time of launch and may vary between A-I and C-III depending on portfolio composition and tenure.  

Allocation Across Debt Instruments 

According to the filing, plans with maturities of up to 400 days can allocate 100% of assets to debt and money market instruments.  

Plans with maturities between 400 and 1,100 days may invest 70-100% in debt instruments and up to 30% in money market instruments.  

For plans with maturities beyond 1,100 days and up to 15 years, debt instrument allocation may range between 80% and 100%, while money market exposure can go up to 20%.  

The scheme may also invest up to 40% of the debt component in securitised debt instruments.  

Investment Limits and Restrictions 

The scheme may use debt derivatives up to 50% of net assets for hedging and portfolio balancing. Investment in mutual fund units has been capped at 5% of net assets, while exposure to repo transactions in corporate debt securities may go up to 10%.  

The draft document stated that the scheme will not invest in unrated debt instruments, credit default swaps, overseas securities, REITs, InvITs, or AT1 and AT2 bonds. Stock lending and short selling activities will also not be undertaken under the scheme.  

Listing and Subscription Details 

Units under the scheme will be offered at ₹10 each during the New Fund Offer (NFO) period and will be listed on the BSE. Investors will not be able to redeem units directly before maturity, although units may be traded on the exchange.  

The minimum investment amount during the NFO has been fixed at ₹5,000 and in multiples of ₹1 thereafter. The scheme will be managed by Sachin Jain, according to the draft papers. 

Read More: Top Mutual Funds in India by Equity AUM: SBI, ICICI Prudential, HDFC Lead in March 2026 Data! 

Conclusion  

Axis Mutual Fund’s proposed FMP Series 131-132 will invest in debt and money market instruments across different maturities. The scheme remains subject to final launch terms and regulatory processes. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.