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  • NFO News AXIS launches Hybrid Fund – Series 2

    AXIS launches Hybrid Fund – Series 2

    The NFO will be open from August 16, 2011 to August 30, 2011
    Team Cafemutual Aug 19, 2011

    The NFO will be open from August 16, 2011 to August 30, 2011

    Mumbai: Axis Mutual Fund has launched a new fund namely, Axis Hybrid Fund Series 2, (A 3 year close ended income scheme).  The tenure of the scheme will be 3 years from the date of allotment.

    The primary objective is to generate income by investing in high quality fixed income securities whilst the secondary objective is to generate capital appreciation by investing in equity and equity related instruments. The scheme would allocate 65 to 100 per cent of assets in debt and money market instruments including securized debt with low to medium risk profile. It would further allocate 5 to 35 per cent of assets in equity and equity related instruments with high risk profile.

    The minimum application amount will be Rs 5,000 and the scheme will not charge any entry or exit load. The scheme will be jointly managed by R. Sivakumar and  Jinesh Gopani. It will be benchmarked against CRISIL MIP Blended Index.

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