Mutual Fund company Axis Asset Management Company Limited has launched a New Fund Offer (NFO) named as Axis Capital Protection Oriented Fund – Series 5, a 42 months close ended Income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit and minimum application amount is Rs 5000.
NFO Opens : 15th October 2012
NFO Closes : 29th October 2012
The objective of the scheme to endeavor protection of the capital by investing in a portfolio of debt & money market instruments that are maturing on or before the maturity of the Scheme. The scheme also aims to provide capital appreciation through exposure in equity & equity related instruments.
Entry Load : NIL
Exit Load: NIL, No redemption/repurchase of units shall be allowed prior to the maturity of the scheme. Investors wishing to exit may do so through stock exchange mode.
The fund will invest 70%-100% in debt and money market instruments of the net assets of the scheme. And 0%-30% in equity and equity related instruments.
5 REASONS TO INVEST
- Aims to protect capital by investing in AAA-rated fixed income Instruments
- Offers an attractive route to take equity allocation for conservative Investors
- For long term growth, equity is a far superior option to fixed deposits
- Blends equity participation with the capital preservation objective
- Rated [ICRA]AAAmfs(SO)*
Registrar for this scheme is Karvy Computershare Pvt Ltd.
Mr. R. Sivakumar and Mr. Sudhanshu Asthana will manage the fund.
For Further Details Please Visit Website : www.axismf.com