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25% Dividend Record Date: Logistic Stock Nears 1-Year High And It Belongs To Mahindra; Motilal Neutral -
1:10 Split, 26 Dividends: Tata's 26-Year-Old Retail Stock In Focus, Q4, Dividend Ahead; Buy For Target Rs 4200 -
1:5 Split Soon: Rs 2,300 Defence Stock To Split Into Five Shares, Rs 400 Cr Fundraising Too; Hits 52-Week High -
Penny Stock Bags Back-To-Back Orders Worth Rs 500 Mn, 110 Mn; Shares Hit Upper Circuit -
Marshall Wace Offloads Stakes in 21 Indian Companies for Rs 2,365 Crore -
Rishi Sunak Announces Generational Hike in UK Defence Spending -
Dr Reddy's Issues Recall for Six Drug Lots in US Over Subpotency Concerns -
Dr Reddy's Voluntarily Recalls Six Drug Lots in US Over Potency Concerns -
IRCON, RITES: 2 Multibagger Navratna Railway Stocks Potential To 17-24% Upside Ahead; Assigned BUY Rating -
AU Small Finance Bank Unveils New Products Including Rupay Credit Card
Axis Mutual Fund unveils Axis Gold Fund
Investment Objective:
The investment objective of the Scheme is to seek to generate returns that closely corresponds to
returns generated by Axis Gold ETF.
The fund targets to raise a minimum subscription of Rs 20 lakh under the scheme during the NFO period.
Allocation of funds:
The scheme shall invest 95-100% in the units of gold ETFs (primary axis gold ETF) with medium risk profile and invest upto 5% in the money market instruments with low to medium risk profile.
Basic Details:
NFO Opens: September 30, 2011
NFO Closes: October 14, 2011
NFO Price: Rs 10 per unit
Options: Growth and Dividend (Payout and Reinvestment)
Minimum Application Amount: Rs 5,000 per application and additional Re 1, thereafter
Minimum SIP: Rs 1,000
Exit Load: 1% if units are redeemed /switched out within 1 year from the date of allotment
Benchmark: Domestic price of gold
Fund Manager: Mr. Anurag Mittal
GoodReturns.in
