BOI AXA Mutual Fund has announced the launch of the BOI AXA Fixed Maturity Plan (FMP) – Series 2, a close-ended income scheme. The scheme aims to generate income by investing in a portfolio of fixed income and money market instruments maturing on or before the maturity date of the scheme.
The NFO opens for subscription from March 13 to March 18.
The benchmark of the Scheme is the CRISIL Short Term Bond Fund Index. The duration of the scheme is 380 days. The scheme has a minimum application amount of 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.
