Axis Mutual Fund has launched a new scheme named as Axis Focused 25 Fund, an open ended equity scheme. During New Fund Offer (NFO) period, the units of the scheme will be offered at Rs 10 per unit and at NAV based prices thereafter. The new issue will be open for subscription from 11 June and will close on 25 June 2012. The scheme re-opens on or before 6 July 2012.
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.
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