Axis Mutual Fund files offer document for Services Opportunities Fund
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Axis Services Opportunities Fund'. The New Fund Offer price for units would be Rs 10 during the NFO period. Entry load will be nil. Exit load- If redeemed / switched-out within 12 months from the date of allotment: For 10% of investments will be nil, For remaining investments will be 1%; If redeemed / switched-out after 12 months from the date of allotment 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 Services Sector TRI. The minimum application amount is Rs 100 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 belonging to the services industry.
