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Axis Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Axis India Multi-Sector Growth Fund’. The New Fund Offer price would be Rs 10. Entry load will be Nil and Exit load If redeemed / switched-out within 12 months from the date of allotment: For 10% of investments will be Nil; For remaining investments it will be 1%; and if redeemed / switched-out after 12 months from the date of allotment it will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked against Nifty 500 TRI. The minimum application amount is Rs 100 per application and in multiples of Re 1 thereafter

The investment objective of the Scheme is to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in creating and/or enabling the creation of real assets.