MF News Axis MF files offer document to launch Focused 25 Fund

Axis MF files offer document to launch Focused 25 Fund

The scheme aims to invest in up to 25 companies.

Team Cafemutual Nov 1, 2011

Mumbai: Axis AMC has today filed an offer document to launch its open ended Focused 25 Fund with SEBI.

The scheme aims to invest in a concentrated portfolio of equity & equity related instruments of up to 25 companies. The scheme will be benchmarked against S&P CNX Nifty and carries 1% exit load if redeemed before one year.

The fund will follow a bottom up approach in picking up stocks.

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