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  • NFO News Axis launches Dynamic Bond Fund

    Axis launches Dynamic Bond Fund

    Axis Mutual Fund has launched an open ended debt scheme called Axis Dynamic Bond Fund
    Team Cafemutual Mar 30, 2011

    Mumbai: Axis Mutual Fund has launched an open ended debt scheme, Axis Dynamic Bond Fund. The new fund offer will be open from April 6, 2011 to April 20, 2011. 

     

    The investment objective of the scheme will be generating optimal returns while maintaining liquidity through active management of a portfolio of debt and money market instruments. The scheme will allocate up to 100 per cent of assets in debt instruments including government securities and corporate debt with low to medium risk profile. It would further allocate up to 100 per cent of assets in money market instruments with low risk profile

     

    The minimum application amount will be Rs 5,000 and the scheme will charge 0.50 per cent as exit load if units are redeemed within 6 months from the date of allotment. The scheme will be jointly managed R. Sivakumar and Ninad Deshpande.  It will be benchmarked against CRISIL Composite Bond Fund Index.

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