Mumbai: Axis Mutual Fund has launched an open
ended debt scheme, Axis Dynamic Bond Fund. The new fund offer
will be open from April 6, 2011 to April 20, 2011.
The investment objective of the scheme will be generating optimal returns
while maintaining liquidity through active management of a portfolio of debt
and money market instruments. The scheme will
allocate up to 100 per cent of assets in debt instruments including government securities
and corporate debt with low to medium risk profile. It would further allocate
up to 100 per cent of assets in money market instruments with low risk profile
The minimum application amount will be Rs 5,000 and the scheme will charge
0.50 per cent as exit load if
units are redeemed within 6 months from the date of allotment. The scheme will be jointly
managed R.
Sivakumar and Ninad Deshpande. It will be benchmarked against CRISIL
Composite Bond Fund Index.
