Axis MF launches “Axis Enhanced Arbitrage Fund”; NFO to close on August
08
25/07/2014 11:03
Axis Mutual Fund has launched a new open ended arbitrage fund scheme named “Axis Enhanced Arbitrage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 08. According to the offer document filed with SEBI, the entry load is nil and an exit Load of 0.50 per cent will be charged if units are redeemed/switched out within 90 days from the date of investment/allotment. The minimum application amount is Rs 5000 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 Liquid Fund Index. Pankaj Murarka and Devang Shah will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of equities, equity related instruments (unhedged), equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options, etc. as part of hedged / arbitrage exposure and debt & money market instruments (including investments in securitized debt). Hence, the scheme will allocate 0 to 10 per cent of asset in equities, equity related instruments (unhedged), 65 to 90 per cent of asset in Equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options, etc. as part of hedged / arbitrage exposure and 10 to 35 per cent of asset in debt & money market instruments (including investments in securitized debt).
25/07/2014 11:03
Axis Mutual Fund has launched a new open ended arbitrage fund scheme named “Axis Enhanced Arbitrage Fund”. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on August 08. According to the offer document filed with SEBI, the entry load is nil and an exit Load of 0.50 per cent will be charged if units are redeemed/switched out within 90 days from the date of investment/allotment. The minimum application amount is Rs 5000 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 Liquid Fund Index. Pankaj Murarka and Devang Shah will be the Fund Managers of the scheme. The asset allocation of scheme will be in such a way that the objective of the scheme to generate income will be met by investing in a portfolio of equities, equity related instruments (unhedged), equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options, etc. as part of hedged / arbitrage exposure and debt & money market instruments (including investments in securitized debt). Hence, the scheme will allocate 0 to 10 per cent of asset in equities, equity related instruments (unhedged), 65 to 90 per cent of asset in Equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options, etc. as part of hedged / arbitrage exposure and 10 to 35 per cent of asset in debt & money market instruments (including investments in securitized debt).
