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  • MF News BOI AXA MF launches its FMP – Series 4 (225 days)

    BOI AXA MF launches its FMP – Series 4 (225 days)

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    Team Cafemutual Jul 31, 2013
    BOI AXA Mutual Fund has launched its close-ended BOI AXA Fixed Maturity Plan (FMP) – Series 4. The NFO opens for subscription on Tuesday, July 30, 2013 and closes on Monday, August 5, 2013.

    The benchmark of the Scheme is the CRISIL Short Term Bond Fund Index, the duration of the scheme is 225 days, and its investment objective is 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 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 National Stock Exchange of India Ltd. ('NSE').

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