Sunday, 15 January 2012

Axis Constant Maturity 10 Year Fund of Axis Mutual Fund

Axis Mutual Fund Launched New Fund Offer Named Axis Constant Maturity 10 Year Fund on 10th January, 2012.  This is an open ended gilt fund (a gilt fund is a mutual fund invests in high quality-low risk debt including government securities). The objective of the fund is to generate returns similar to that of 10 year government bonds.

Opening and closing dates: The New Fund Offer of Axis Constant Maturity 10 Year Fund opens on 10th January, 2012 and the NFO decided to close on 19th December, 2012, but the closing date recently extended to 24th January, 2012. The open ended fund will reopen for subscription on 6th February, 2012 onwards.

Minimum and maximum investment: The face value of one unit of Axis Constant Maturity 10 Year Fund is Rs. 10 and the minimum required investment is Rs. 5000 and multiples of Re. 1 thereafter.

Entry load and exit load: There is no entry load and exit load for the Axis Constant Maturity 10 Year Fund.

Maturity period: The maturity period of Axis Constant Maturity 10 Year Fund is 10 years. But the mutual fund will be listed in stock exchange and can trade anytime through stock market.

Asset Allocation: The scheme plans to invest 100 percent of the pooled money of investors in government securities, Treasury bills, REPO and CBLO.

Scheme options: The Axis Constant Maturity 10 Year Fund has both growth option and dividend option.

Others: the performance of the Axis Constant Maturity 10 Year Fund will standardize against Crisil 10 year gilt Index. Mr. R Sivakumar is the fund manager.

The Axis Constant Maturity 10 Year Fund is suitable for low risk investors.

Axis Constant Maturity 10 Year Fund


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