Axis Fixed Term Plan – Series 13 (370 Days) : New Fund Offer (NFO)

by khalid on 10/03/2011 · 0 comments

Axis Asset Management Company Limited has launched a New Fund Offer (NFO) named as Axis Fixed Term Plan – Series 13 (370 days), a close ended income scheme. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 14th March and close on 22nd March 2011.

The objective of the scheme would be to provide reasonable returns, The plan of the scheme will endeavour to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the plan.Axis Asset Management Company Limited is one of the well known mutual funds company in the country.

The scheme would allocate up to 100% of assets in Government of India dated Securities and Treasury Bills, PSU & Corporate Bonds/Debt Instruments, Money Market Instruments. Exposure to securitized debt may be to the extent of 40% of the net assets.

Maturity date of the scheme would be 370 days from the date of allotment of units.

Entry load charge as well as exit load charge will be nil for the scheme. The exit load is not applicable since the scheme will be listed on National Stock Exchange.

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 crore under the scheme during the NFO period.
Benchmark Index for the scheme is CRISIL Liquid Fund Index.

Mr Ninad Deshpande and Sivakumar will manage the fund.

Fund NameAxis Mutual Fund
Scheme NameAxis Fixed Term Plan - Series 13 (370 Days)
Scheme CategoryClose Ended (Growth)
NFO Launch Date14th Mar 2011
NFO Closure Date22nd Mar 2011
NFO Price (Rs) 10
Min. Subscription Amount(Rs) 5000
and in multiples of Rs 10 thereafter.

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

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