Axis Triple Advantage Fund : NFO

by khalid on 08/07/2010 · 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 Triple Advantage Fund . This is an open ended balanced scheme. The objective of the scheme is to generate generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, fixed income instruments & gold Exchange Traded Funds.

Presently, two options are available under the scheme viz. Growth and dividend option. Dividend option shall have dividend payout and dividend reinvestment facilities. The dividend reinvestment facility shall be default option under the scheme.

Entry load charge will not be applicable for the scheme. Exit Load is 1%, if units are redeemed / switched-out within 1 year from the date of allotment. Otherwise Exit load too is nill.

The fund seeks to collect a minimum subscription amount of Rs 1 crore under the scheme during the NFO period. Mr. Chandresh Nigam and Mr. Ninad Deshpande. are the Fund Managers of the plan.

The scheme would allocate 30% – 40% of assets in equity and equity related instruments. It would allocate 30% to 40% of assets in debt & money market instruments. It would further allocate 20% to 30% of assets Gold Exchange Traded Funds.

Fund NameAxis Mutual Fund
Scheme Name Axis Triple Advantage Fund
Scheme CategoryOpen Ended (Balanced)
NFO Launch Date30th Jun 2010
NFO Closure Date29th Jul 2010
NFO Price Rs 10 per unit.
Min. Subscription AmountRs 5000 and in multiple of Rs 1 thereafter.

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

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