MUTUAL FUNDS
Axis Mutual Fund files offer document for Fixed Term Plan
Apr-15-2019

Axis Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ‘AXIS FIXED TERM PLAN - SERIES 107 - 108'. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The scheme offers dividend and growth options and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme will be benchmarked with NIFTY Liquid Index. The minimum application amount for initial purchase is Rs 5000 and in multiples of Rs 10 thereafter.

The investment 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  Scheme.

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