Mumbai: Axis Mutual Fund has changed the exit load structure in Axis Short Term Fund with effect from March 2, 2011.
The fund house will charge 0.25 per cent exit load if units are redeemed within 30 days from the date of allotment. The scheme earlier charged 0.25 per cent as exit load if units were redeemed within 3 months from the date of allotment.
Axis Short Term Fund is an open ended debt scheme with the investment objective to generate stable returns with a low risk strategy while maintaining liquidity through a portfolio comprising of debt and money market instruments. The scheme is jointly managed by R. Sivakumar and Ninad Deshpande. It is benchmarked against CRISIL Short Term Bond Fund Index.
