BOI AXA Investment Managers has announced the launch of the BOI AXA Fixed Maturity Plan (FMP) – Series 1, a close-ended income scheme. The NFO opens for subscription on Friday and closes on Tuesday, March 12, 2013.
The scheme aims to generate excessive returns by investing in a portfolio of fixed income and money market instruments maturing on or before the maturity date of the scheme. The benchmark of the Scheme is the CRISIL Short Term Bond Fund Index. The duration of the scheme is 386 days.
The minimum application amount for the scheme is Rs 5000. The Scheme offers Regular Plan and Direct Plan with Growth and Dividend Pay-out Option. The Units of the Scheme will be listed on NSE. During the currency of the Scheme, Unitholders / Investors can buy / sell Units on NSE where Units will be listed.
