Axis Mutual Fund launches Axis Retirement Savings Fund: Aggressive Plan

Mutual Fund
Nov 29, 2019 by Advisorkhoj Team | Mutual Fund | 3 Downloaded

NFO period: 29th November – 13th December, 2019

Highlights of the NFO:

  • Scheme type – An open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier)

  • Investment objective – The investment objective of the investment plan(s) under the scheme is to provide long-term capital appreciation / income by investing in a mix of equity, debt and other instruments to help investors meet their retirement goals. However, there can be no assurance that the investment objective of the scheme will be achieved. To generate capital appreciation by predominantly investing in equity and equity related instruments. The investment plan may also invest in debt and money market instruments, units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.

  • Product suitability – The product is suitable for investors who are seeking capital appreciation over long term by investing primarily in equity and equity related instruments.

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

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

  • Fund Managers – Mr. Jinesh Gopani, Mr. R. Sivakumar and Mr. Hitesh Das (for Foreign Securities)

  • Benchmark – NIFTY 50 Hybrid Composite Debt 70:30 Index

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

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