Axis All Seasons Debt Fund of Funds NFO Period from Jan 10 to Jan 24, 2020:
Axis Mutual Fund launched a new NFO. The name of the NFO is Axis All Seasons Debt Fund of Funds. It is an open-ended type of scheme. This NFO period starts on 10th Jan 2020 and ends on 24nd Jan 2020.
It is the Other Scheme-FOF Domestic category fund. This company plans to raise a minimum of Rs 10 cr through this NFO. The benchmark of this NFO is NIFTY Composite Debt Index.
|Fund Name||Axis All Seasons Debt Fund of Funds|
|Fund House||Axis Mutual Fund|
|NFO Period||Jan 10 to Jan 24, 2020|
|Benchmark||NIFTY Composite Debt Index|
Entry Load and Exit Load:
In this scheme, there is no entry load and exit load applicable to the investors.
According to the draft red hard documents, the minimum amount of investment for this NFO should be Rs 5,000 and in multiples of Re 1 thereafter.
The initial value of this NFO is Rs 10 per unit, in the subscription period. It is also available in both Regular and Direct plans. In the regular plan, all types of investors should be invest. But, in the direct plan, only the accessed only with the distributors. Allotment orders will be available within 5 business days after completing the NFO period.
|Instruments||Allocation (% of Total Assets)||Risk Profile|
|Units of debt-oriented mutual fund schemes||95% to 100%||Medium|
|Money market Instruments||0% to 5%||Low|
Objects of the Issue:
This NFO aimed to utilize the raised amount to invest in debt oriented mutual fund schemes.
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before invest.