BOI AXA Mutual Fund has filed draft offer documents with SEBI for its two open ended schemes i.e. Triple Asset Allocator Hybrid Fund and Equity Debt Rebalancer Dynamic Fund.
BOI AXA Triple Asset Allocator Hybrid Fund: The scheme aims to generate capital appreciation by investing in the diversified portfolio of equity, equity related securities, fixed income instruments and gold exchange traded funds. The allocation will be determined based on the month end P/E ratio of its Benchmark CNX Nifty Index. The other benchmark of the scheme will be INR Price of Gold and CRISIL Short Term Bond Fund Index. The scheme will charge an exit load of 1 percent if redeemed before 1 year from the date of allotment. No exit loads will be charged thereafter. The minimum application amount will be Rs 5000. The fund will be co-managed by Alok Singh and Gaurav Kapur.
BOI AXA Equity Debt Rebalancer Dynamic
Fund: The scheme seeks to generate long term return with lower
volatility by following a disciplined allocation between equity and debt
securities. The equity allocation will be determined based on the month end P/E
of its benchmark CNX Nifty Index. The other benchmark of the fund will be
CRISIL Short Term Bond Fund Index. The scheme will charge an exit load of 1
percent if redeemed before 1 year from the date of allotment. No exit loads will
be charged thereafter. The minimum application amount will be Rs 5000. The fund
will be co-managed by Alok Singh and Gaurav Kapur.
