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Axis Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme named ‘Axis Fixed Term Plan - Series 123-126 ‘. The offer rate is Rs 10 per unit. Exit load and Exit load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option for investment and minimum target subscription amount for the Scheme to be raised is Rs 20 crore.

The performance of the scheme for Schemes having  a  maturity  of up  to  91  days from the date of allotment (including) will be benchmarked by CRISIL Liquid Debt Index, for Schemes having a maturity of  more than 92  days  up to  180  days from  the  date  of  allotment (including) will be benchmarked by CRISIL Ultra Short Term Debt Index, for Schemes having a maturity of more than 181  days  up to  365 days  from  the  date  of  allotment (including) will be benchmarked by CRISIL Low Duration Debt Index, for Schemes having a maturity of  more than 12 months  up to  36  months  from  the  date  of  allotment (including) will be benchmarked by CRISIL Short Term Bond Fund Index, for Schemes having a maturity of  more than 36  month s  up to  48  months  from  the  date  of allotment (including) will be benchmarked by CRISIL Medium Term Debt Index, for Schemes having a maturity of  more than 48  months  up to  84  months  from  the  date  of  allotment (including) will be benchmarked by CRISIL Composite Bond Index, for Schemes having a maturity more than 84 months  up to  180  months from  the  date  of  allotment (including) will be benchmarked by CRISIL Long Term Debt Index. The minimum application amount is Rs 5,000 and in multiples of Rs 10 thereafter.

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.