Axis Mutual Fund has launched the NFO of Axis Focused 25 Fund, an open ended growth scheme.
The NFO opens for subscription on June 11, 2012 and closes on June 25, 2012. No entry load will be applicable for the scheme, exit load will be 1% if redeemed/switch out within 1 year from the date of allotment. The minimum subscription amount is Rs. 5000 and multiple of Rs. 1 thereafter.
The scheme’s performance will be benchmarked against S&P CNX Nifty Index and its fund manager is Pankaj Murarka.
The investment objective of the scheme is to generate long term appreciation by investing in a concentrated portfolio of equity & equity related instruments of up to 25 companies.
Source: Accord Fintech
