Axis Mutual Fund (MF) has launched the Axis Fixed Term Plan-Series 106 (296 Days), a close ended debt scheme. The NFO opens for subscription on May 16, 2019 and closes on May 21, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Rs 10 thereafter.
The scheme’s performance will be benchmarked against NIFTY Short Duration Debt Index and its fund manager is Devang Shah.
The investment objective of the scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the Scheme.