Axis MF unveils Axis Capital Protection Oriented Fund

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    Axis Capital Protection Oriented Fund
    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

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