Axis Mutual Fund files offer document for Multi Asset Active FoF
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended fund of funds scheme named ‘Axis Multi Asset Active FoF’. The New Fund Offer price for units would be Rs 10 per unit as on the date of allotment. Entry load will be nil. Exit load -If redeemed / switched-out within 12 months from the date of allotment- For 10% of investment will be Nil; For remaining investment exit load will be 1%; If redeemed/switched out after 12 months from the date of allotment: exit load 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 (45%), NIFTY Composite Debt Index (45%), Domestic Price of Physical Gold (5%), Domestic Price of Physical Silver (5%). The minimum application amount is Rs 100 and in multiples of Re 1 thereof.
The investment objective of the scheme is to provide long-term capital appreciation by actively managing a portfolio of equity oriented and debt oriented mutual fund schemes and commodity-based ETFs.
