Axis AMC has declared dividends under its two open ended debt fund i.e. Axis Income Fund and Axis Dynamic Bond Fund and one open ended income fund called Axis Income Saver. The record dates for which are May 27, 2013. The NAV and other details are given in the following table.
|
Name of Scheme |
Quantum of Dividend in Rs |
Record Date |
Face Value |
NAV as on May 20, 2013 in Rs |
|
Axis Dynamic Bond Fund - Quarterly Dividend |
0.25 |
May 27, 2013 |
10 |
10.6733 |
|
Axis Dynamic Bond Fund - Direct Plan - Quarterly Dividend |
0.25 |
May 27, 2014 |
10 |
10.7173 |
|
Axis Income Fund - Quarterly Dividend |
0.20 |
May 27, 2015 |
10 |
10.6321 |
|
Axis Income Fund - Direct Plan - Quarterly Dividend |
0.20 |
May 27, 2016 |
10 |
10.6543 |
|
Axis Income Saver - Quarterly Dividend |
0.25 |
May 27, 2017 |
10 |
10.6462 |
|
Axis Income Saver - Direct Plan - Quarterly Dividend |
0.25 |
May 27, 2018 |
10 |
10.6763 |
Axis
Income Fund aims to generate optimal returns in the medium term while
maintaining liquidity of the portfolio by investing in debt and money market
instruments while Axis Dynamic Bond Fund seeks to generate excess returns while
maintaining liquidity through active management of a portfolio of debt and
money market instruments.
Axis Income Saver also aims to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk through active asset allocation.
