Axis MF unveils Axis Capital Protection Oriented Fund

Updated: Tuesday, October 16, 2012, 12:04 [IST]

Axis Mutual Fund has launched a new fund named as Axis Capital Protection Oriented Fund - Series 5, a 42 months close ended capital protection oriented fund. This scheme has been rated [ICRA] AAAmfs (SO) by ICRA.

Investment Objective:

The scheme will endeavor to protect the capital by investing in a portfolio of debt & money market instruments that are maturing on or before the maturity of the scheme. The scheme also aims to provide capital appreciation through exposure in equity & equity related instruments.

The fund seeks to collect a minimum subscription amount of Rs 20 crore under the scheme during the NFO period.

Allocation of Funds:

The scheme shall invest 70% to100% of assets in debt and money market instruments with low to medium risk profile. On the other side, the scheme shall invest upto 30% of assets in equity and equity related instruments with high risk profile.

Of the investments in debt instruments, 83% to 88% would be invested in non convertible debentures (NCDs) and certificate of deposits (CDs).

Growth and Dividend (Dividend Payout Facility) option will be offered under the scheme.

Basic Details:

NFO Opens: October 15, 2012
NFO Closes: October 29, 2012
NFO: Rs 10 per unit
Minimum application: Rs. 5,000 and in multiples of Rs. 10 thereafter
Benchmark: Crisil MIP Blended Index.
Managers: R. Sivakumar and Sudhanshu Asthana

GoodReturns.in