Axis Mutual Fund has introduced an automatic encashment facility for six schemes with immediate effect, the fund house said in an addendum.
Under the facility, investors can redeem a fixed percentage of net asset value of units on a monthly basis.
Investors can redeem 0.7 percent of net assets value of Axis Dynamics Equity Fund, Axis Equity Saver Fund and Axis Triple Advantage Fund, while the unit holders of Axis Regular Saver Fund, Axis Strategic Bond Fund and Axis Credit Risk Fund can redeem 0.5 percent of net assets value a month.
