BOI AXA Mutual Fund has launched a new fund as BOI AXA Capital Protection Oriented Fund – Series 3, a close-ended capital protection oriented scheme. The tenure of the scheme will be 41 months from the date of allotment. The investment objective of the Scheme is to generate income by investing in a portfolio of fixed income and money market instruments maturing on or before the maturity date of the Scheme.
The new fund offer opens for subscription from January 07 to January 21, 2015. The new fund offer price during NFO is Rs 10 per unit.
The scheme offers regular plan and direct plan with growth option and dividend payout option.
The minimum application amount is Rs 5000 and in multiples of Re.1 thereafter.
The entry and exit load is Nil.
The scheme will invest 75%-100% of assets in debt and money market securities with low to medium risk profile and invest upto 25% of assets in equity & equity related instruments with high risk profile
The benchmark index for the scheme is CRISIL MIP Blended Fund Index.
The fund managers of the scheme will be Alok Singh and Surabh Kataria.
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