Axis MF introduces FTP- Series 110 (1553 Days)
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Axis Mutual Fund (MF) has launched Axis Fixed Term Plan (FTP) Series 110 (1553 Days), a Close ended debt scheme with Relatively High Interest Rate Risk and Relatively Low Credit risk. The NFO opens and closes for subscription on March 30, 2022. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 10 thereafter.
The performance of the scheme will be benchmarked against CRISIL Medium to Long Term Debt Index and its fund manager is Devang Shah.
The investment objective of the scheme endeavours to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the Scheme.
