MUTUAL FUNDS
Axis Mutual Fund files offer document for Dividend Yield Fund
Oct-16-2026
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Axis Dividend Yield Fund'. The New Fund Offer price will be Rs 10 during the NFO. Entry load will be nil. If redeemed / switched-out within 12 months from the date of allotment: For 10% of investments exit load will be NIL; For remaining investments exit load will be 1% ; If redeemed / switched-out after 12 months from the date of allotment exit load will be Nil. The Scheme offers growth and IDCW options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance will be benchmarked against Nifty 500 TRI. The minimum application amount will be Rs. 100 and in multiples of Re 1 thereafter.

The investment objective of the scheme is provide long term capital appreciation from an actively managed portfolio of equity and equity related instruments (including REITs) of dividend yielding entities.

  RELATED NEWS >>