New Fund Offer – Axis Mutual Fund Launches Axis Midcap Mutual Fund
Name of the Fund: Axis Midcap Mutual Fund
Investment Objective:
The main objective of this fund is to generate long term capital appreciation by investing in the equity and equity related instruments of Mid Sized Companies. This fund would invest predominantly in large companies which come under this Category.
NFO Open Date: 31/01/2011
NFO Closing date: 14/02/2011
Issue Price: Rs 10 per unit
Plans Available:
- Dividend
- Growth
Dividend Plan has two options i.e. dividend reinvest and dividend payout.
Minimum Investment Amount – Rs 5000 and in multiples of 1 thereafter
Entry Load: NIL
Exit Load: NIL (if redeemed after 1 year from the date of investment)
1% if the fund is redeemed within 1 year from the date of investment)
Benchmark: BSE Midcap Index
Asset Allocation Pattern:
Equities and equity related instruments of Midcap Companies – 80% to 100% (75 to 100% of the funds would be invested in large midcap companies and upto 25% in small midcap companies.)
Upto 20% of the funds in the equities and equities of non-midcap companies
Upto 20% of the funds in debt and Money Market Instruments
Invest Online:
Benefits of Investing Online:
- You can purchase, redeem and order any transactions online.
- There is no need for you to contact the broker or any intermediate person for the transaction.
- You can view all the portfolio details of your folios online.
- You can generate Account Statements; view the past transactions and any other details.
- You can update your personal details online.
Happy Investing!!
Disclaimer:
“Mutual Funds and securities investments are subject to market risks and there is no assurance or guarantee that the objectives of the Scheme will be achieved. Please read the Statement of Additional Information and Scheme Information Document carefully before investing”.
“In Mutual Funds, the past performance is not guaranteed in future”.
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