Axis Mutual Fund launches Axis Fixed Term Plan: Series 106

Mutual Fund
May 16, 2019 by Advisorkhoj Team | Mutual Fund | 1 Downloaded

NFO period: 16th May – 21st May, 2019

Highlights of the NFO:

  • Scheme type – A close ended debt scheme

  • Investment objective – The scheme will endeavour to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the scheme. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.

  • Product suitability – The product is suitable for investors who are seeking optimal returns over 296 Days by investing in debt and money market instruments maturing on or before the maturity of the scheme.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 10/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option (Payout Facility).

  • Fund Manager – Mr. Devang Shah

  • Benchmark – NIFTY Short Duration Debt Index

  • Maturity – 296 days from the date of allotment

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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