Axis Mutual Fund today announced the launch of its 42
months close ended debt scheme called Axis Hybrid Fund – Series 5. The scheme
seeks to generate income by investing in a portfolio of fixed income
instruments maturing on or before the duration of the scheme. The scheme will also
invest its some portion in equity and equity related instruments so as to
generate capital appreciation.
NFO of Axis Hybrid Fund – Series 5 closes for
subscription on July 19, 2013. The minimum amount that investors can invest in
this fund is Rs 5000. The benchmark of the fund is CRISIL MIP Blended Index
Fund. R Sivakumar, Head - Fixed Income and Product, Axis MF and Devang Shah,
Fund Manager, Axis MF will co-manage the fund.
Chandresh Kumar Nigam, MD & CEO of Axis AMC said, “Axis
Mutual Fund has always endeavored to offer risk managed products thus
emphasizing the fact that risk and returns go hand in hand. Axis Hybrid Fund –
Series 5 is yet another product that highlights this approach as it derives its
stability from its fixed income investments and its gains from its investments
in equity related instruments.”
Karan Datta, National Sales Head, Axis AMC said “The Hybrid series has been very popular in the recent past. A large part of the investors in the recent past have been first time Mutual fund investors. The guarded exposure to equity resonates well with conservative investors too.”
