25 Apr 2019 | 8:17 PM

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COMPANYNEWS
Axis Fixed Term Plan - Series 106 floats on
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Published on 04-16-2019
Axis Mutual Fund has launched a new Closed Ended Growth scheme named Axis Fixed Term Plan - Series 106 with maturity period of 1124 days from the launch date.


The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit which will open for subscription from Apr 26 to May 06 2019.


According to the offer document filed with SEBI the entry and exit load is Nil.


The minimum application amount is Rs 5000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend Growth.


The fund manager of the scheme will be Devang Shah while the performance of the scheme will be benchmarked against NIFTY Composite Debt Index.


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 Scheme.