15-09-2023 03:58 PM | Source: Accord Fintech
Axis Mutual Fund files offers document for India Manufacturing Fund
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Axis Mutual Fund has filed offer document with SEBI to launch an open-ended equity scheme named ‘Axis India Manufacturing Fund’. The New Fund Offer price for 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 investment will be Nil; exit load for remaining investment will be 1%; If redeemed/switched out after 12 months from the date of allotment it will be Nil. The Scheme growth and dividend options for investment and minimum target subscription amount for the Scheme to be raised is Rs 10 Crores.
The performance of the scheme is benchmarked by NIFTY India Manufacturing TRI. The minimum application amount is Rs 500 and in multiples of Re 1.
The investment objective of the scheme is to generate income and long-term capital appreciation from a diversified portfolio of predominantly equity and equity-related Securities.
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