Axis Equity Fund
Axis Equity Fund is the latest equity fund from Axis Mutual Fund. This is a simple but effective diversified equity fund. The main objective of this fund is to offer total investment solutions to users, and to achieve long term capital appreciation from a diversified equity fund. The Fund was launched on November 11, 2009 and closed on December 8, 2009. It will reopen on January 7, 2010.
Basic Details of the Fund
- Fund Manager – Mr. Chandresh Nigam, former advisor to TCG Advisory Services and former Fund Manager of ICICI Prudential AMC
- Fund Family – Axis AMC, a wholly-owned subsidiary of Axis Bank
- Fund category – Diversified Equity Fund
- Scheme type – Open-End Growth Scheme
- Scheme plans or options – Growth and Dividend (payout and reinvestment)
Other features of the Fund
- Minimum Application Amount – Rs. 5,000 and thereafter in multiples of one Rupee for Retail Plan; and Rs. 1 Crore and thereafter in multiples of Rupee one for Institutional Plan
- Minimum Additional Purchase or Additional Subscription Amount – Rs. 100 and thereafter in multiples of one Rupee for Retail Plan; and Rs. 1 Lakh and thereafter in multiples of Rupee one for Institutional Plan
- Minimum SIP installment Amount – Rs 1,000 and thereafter in multiples of one Rupee
- Minimum number of SIP installments – 36
- Entry load – Nil
- Exit load – 1% for units redeemed within one year from the date of allotment
- Performance benchmark index – S&P CNX Nifty Index
Benefits of the Fund
- Offers total investment solutions and not just individual products
- Helps for long term wealth creation
- Offers Systematic Investment Plans
- As an investor, you can apply through a lump sum purchase or through Systematic Investment Plans during the new fund offer
Related Posts:
Did you enjoy this post? Why not leave a comment below and continue the conversation, or subscribe to my feed and get articles like this delivered automatically to your feed reader.
Comments
No comments yet.
Leave a comment