Axis Mutual Fund files offers document for S&P BSE Sensex Index Fund
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Axis Mutual Fund has filed offer document with SEBI to launch open-ended index fund named ‘Axis S&P BSE Sensex Index Fund ‘. The offer rate is Rs 10 per unit during New Fund Offer and continuous offer for units at NAV based prices. Entry 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 5 crore.
The performance of the scheme is benchmarked by S&P BSE Sensex TRI. The minimum application amount is Rs 500 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide returns before expenses that correspond to the total returns of the S&P BSE Sensex TRI subject to tracking errors.
