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Axis Mutual Fund (MF) has launched Axis Fixed Term Plan (FTP) - Series 118 (100 Days), a Close ended debt scheme with Moderate Interest Rate Risk and Moderate Credit Risk. The NFO opens for subscription on November 28, 2023 and closes on December 04, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.

The performance of the scheme will be benchmarked against CRISIL Ultra Short -Term Debt Index and its fund manager is Sachin Jain.

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.