News From Press Axis Mutual Fund launches Axis Multicap Fund

Axis Mutual Fund launches Axis Multicap Fund

Source: Economic Times Oct 26, 2017

Axis Mutual Fund launched the Axis Multicap Fund, an open-ended equity scheme which would invest across all market capitalisations. The New Fund Offer (NFO) opens for subscription on October 30 and closes on November 13.

The fund will be jointy managed by Jinesh Gopani and Shreyash Devalkar. The minimum investment in the NFO is set at Rs 5,000. The minimum SIP Amount for monthly SIP in the new fund would be Rs 1,000. The scheme will track the S&P BSE 200 Index and charge one.

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