Axis Fixed Term Plan – Series 10 (1 Year)

by khalid on 08/06/2010 · 0 comments

Axis Mutual Fund was set up on September 4, 2009 and sponsored by Axis Bank Limited. Assets of Axis Mutual Fund are managed by Axis Asset Management Company Limited. The company has launched a New Fund Offer (NFO) named as Axis Fixed Term Plan – Series 10 (1 Year). This is a close ended income scheme for 1 year. The objective of the scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s).

The scheme will allocate 100% of assets in money market and debt instruments including securitized debt with low to medium risk profile. Investment in securitized debt would be up to 100% of the net assets of the plans. The plans shall not invest in foreign securitized debt. Investment in derivatives shall be up to 100% of the net assets of the plans.

Fund NameAxis Mutual Fund
Scheme Name Axis Fixed Term Plan - Series 10 (1 Year)
Scheme CategoryClose Ended (Income)
NFO Launch Date8th Jun 2010
NFO Closure Date22nd Jul 2010
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000

Apart from above scheme Axis Mutual Fund has launched seven other fixed maturity plans with 3 months and 1 year duration. The following is the list of those scjemes :-

Axis Fixed Term Plan – Series 3 (3 Months)
Axis Fixed Term Plan – Series 4 (3 Months)
Axis Fixed Term Plan – Series 5 (3 Months)
Axis Fixed Term Plan – Series 6 (3 Months)
Axis Fixed Term Plan – Series 7 (3 Months)
Axis Fixed Term Plan – Series 8 (1 Year)
Axis Fixed Term Plan – Series 9 (1 Year)

For Further Details Please Visit Website:- www.axismf.com

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