Axis MF launches “Axis Hybrid Fund - Series 18”; NFO to close on Jan
9
29/12/2014 10:58
Axis Mutual Fund has launched a new close ended income scheme named “Axis Hybrid Fund - Series 18”.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on January 9.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter.
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 in high quality fixed income securities that are maturing on or before the maturity of the Scheme whilst the secondary objective is to generate capital appreciation by investing in equity and equity related instruments.
29/12/2014 10:58
Axis Mutual Fund has launched a new close ended income scheme named “Axis Hybrid Fund - Series 18”.
The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on January 9.
According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.
The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter.
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 in high quality fixed income securities that are maturing on or before the maturity of the Scheme whilst the secondary objective is to generate capital appreciation by investing in equity and equity related instruments.
