Axis Mutual Fund launches Axis Focused 25 Fund
To generate long term capital appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.
Allocation of Funds:
The scheme offers two options viz. growth and dividend option. Dividend option offers payout & reinvestment facility. The scheme will allocate 65% to 100% of assets in equity and equity related instruments (of not exceeding 25 companies); of which 90% to 100% would be in companies among the top 200 in terms of market capitalization, upto 10% in other equities, with high risk profile. On the other side it would allocate upto 35% of assets in debt and money market instruments with low to medium risk profile.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load charge will be nil for the scheme. Exit load charge will be 1%, if units are redeemed / switched-out within 1 year from the date of allotment.
Primary benchmark Index for the scheme is S&P CNX Nifty and the additional benchmark is BSE 200.
Basic Details:
NFO Opens: June 11, 2012
NFO Closes: June 25, 2012
NFO: Rs 10 per unit
Minimum Application Amount: Rs 5000 and in multiples of Rs 1 thereafter.
Manager: Pankaj Murarka
For more details visit www.axismf.com
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