<p> Two fund houses of SBI and Axis have filed papers with market regulator Sebi to start mutual fund schemes linked to inflation-indexed bonds.<br /><br /></p>.<p>The money collected from investors by these MFs would be invested in government's inflation indexed securities. These open-ended debt funds aim to provide inflation—adjusted returns to investors.<br /><br />Deutsche Asset Management India last month became the first fund house to launch an inflation-indexed fund.<br /><br />SBI Mutual Fund and Axis Mutual Fund expect to allocate a minimum of 70 per cent and 65 per cent towards inflation- linked bonds respectively, according to documents filed with the Securities and Exchange Board of India.<br /><br />However, details about amount to be raised and launch date were not mentioned.<br />"The investment objective of the scheme is to generate capital appreciation and income through investment in inflation indexed bonds," as per documents.<br /><br />The Reserve Bank of India (RBI) had in May announced launching inflation-linked bonds every month, as part of its efforts to discourage investments in gold.</p>
<p> Two fund houses of SBI and Axis have filed papers with market regulator Sebi to start mutual fund schemes linked to inflation-indexed bonds.<br /><br /></p>.<p>The money collected from investors by these MFs would be invested in government's inflation indexed securities. These open-ended debt funds aim to provide inflation—adjusted returns to investors.<br /><br />Deutsche Asset Management India last month became the first fund house to launch an inflation-indexed fund.<br /><br />SBI Mutual Fund and Axis Mutual Fund expect to allocate a minimum of 70 per cent and 65 per cent towards inflation- linked bonds respectively, according to documents filed with the Securities and Exchange Board of India.<br /><br />However, details about amount to be raised and launch date were not mentioned.<br />"The investment objective of the scheme is to generate capital appreciation and income through investment in inflation indexed bonds," as per documents.<br /><br />The Reserve Bank of India (RBI) had in May announced launching inflation-linked bonds every month, as part of its efforts to discourage investments in gold.</p>