Mumbai: Axis Mutual Fund has revised exit load structure in Axis Short Term Fund with effect from January 7, 2011. The fund house will charge 0.25 per cent exit load if units are redeemed within 3 months from the date of allotment. The scheme earlier charged 0.25 per cent exit load if units were redeemed within 1 month from the date of allotment.
Axis Short Term Fund is an open ended debt scheme, with an
investment objective to generate stable returns with a low risk strategy while
maintaining liquidity through a portfolio comprising of debt and money market
instruments. The scheme is managed by Ninad Deshpande and is benchmarked
against CRISIL Short-Term Bond Fund Index.
