Axis Mutual Fund launches Axis Ultra Short Term Fund

Mutual Fund
Aug 27, 2018 by Advisorkhoj Team | Mutual Fund | 10 Downloaded

NFO period: 27th August – 04th September, 2018

Highlights of the NFO:

  • Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months

  • Investment objective – The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.

  • Product suitability – The product is suitable for investors who are seeking regular income over short term by investing in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.

  • 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. Aditya Pagaria

  • Benchmark – CRISIL Ultra Short Term Debt Index

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

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