BOI AXA Mutual Fund has announced the launch of its Fixed Maturity Plan (FMP) – Series 3, a close-ended income scheme. The New Fund Offer opens and closes for subscription on Monday, March 25, 2013. The scheme seeks to generate capital appreciation by investing in a portfolio of fixed income and money market instrument 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 367 days. The minimum application amount 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
National Stock Exchange of India Ltd. ('NSE'). During the currency of the
Scheme, Unitholders / Investors can buy / sell Units on NSE where Units will be
listed.
