Axis MF unveils Axis Capital Protection Oriented Fund

Axis Mutual Fund has unveiled a New Fund Offer (NFO), namely, Axis Capital Protection Oriented Fund - Series 3. It's a close-ended debt scheme. The tenure of the scheme is 3 year.

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 targets to raise a minimum subscription of Rs 1 crore under the scheme during the NFO period.

Allocation of funds:
The scheme shall invest 80-100% in debt and money market instruments including derivative instrument up to 75% of the net assets of the scheme. The scheme shall also invest upto 20% in equity and equity related instruments.

Basic Details:
NFO Opens: December 9, 2011
NFO Closes: December 23, 2011
NFO Price: Rs 10 per unit
Options: Cumulative and Dividend Payout
Minimum Application Amount: Rs 5,000 per application and additional Rs. 10, thereafter
Exit Load: Nil
Benchmark: Crisil MIP Blended Index
Fund Manager: Mr. R. Sivakumar and Mr. Sudhanshu Asthana

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Story first published: Monday, December 12, 2011, 15:40 [IST]

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