Axis MF launches “Axis Fixed Income Opportunities Fund”; NFO to close on July
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26/06/2014 10:51
Axis Mutual Fund has launched a new open ended debt scheme named “Axis Fixed Income Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 25 and will close on July 09. According to the offer document filed with SEBI, the entry load is nil, while the exit load of 0.50 per cent will be charged if the scheme is redeemed within 3 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Devang Shah and Kedar Karnik will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate stable returns will be met by investing in debt & money market instruments across the yield curve & credit spectrum. Hence, the scheme will allocate 100 per cent of asset in debt & money market instruments.
26/06/2014 10:51
Axis Mutual Fund has launched a new open ended debt scheme named “Axis Fixed Income Opportunities Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription on June 25 and will close on July 09. According to the offer document filed with SEBI, the entry load is nil, while the exit load of 0.50 per cent will be charged if the scheme is redeemed within 3 months from the date of allotment. The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The options available under the Plan of the Scheme are Growth and Dividend option. The performance of the scheme will be benchmarked against CRISIL Short Term Bond Fund Index. Devang Shah and Kedar Karnik will be the Fund Manager of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate stable returns will be met by investing in debt & money market instruments across the yield curve & credit spectrum. Hence, the scheme will allocate 100 per cent of asset in debt & money market instruments.
