Axis Mutual Fund files offer document for Asset Allocator Fund
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Axis Mutual Fund has filed offer document with SEBI to launch an open ended Fund scheme named ‘Axis Asset Allocator Fund‘. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed / switched-out within 12 months - for 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by NIFTY 50 Hybrid Composite debt 50:50 Index. The minimum application amount is Rs 5000 and multiples of Re 1 thereafter.
The investment objective of the scheme is to provide long term capital appreciation by actively managing portfolio of mutual fund schemes/ETFs that invest in different asset classes including equity, debt, commodities & REITs/InvITs.
