Axis Mutual Fund launches Axis Money Market Fund

Mutual Fund
Jul 26, 2019 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 26th July – 01st August, 2019

Highlights of the NFO:

  • Scheme type – An open ended debt scheme investing in money market instruments

  • Investment objective – To generate regular income through investment in a portfolio comprising of money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking regular income over short term by investing in money market instruments with maturity up to one year.

  • Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option.

  • Fund Manager – Mr. Devang Shah and Mr. Aditya Pagaria

  • Benchmark – NIFTY Money Market Index

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

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