Axis Global Equity Alpha Fund of Fund Subscription Period From 4th September to 18th September 2020:
Axis Mutual Fund to launch its new fund offer, namely, Axis Global Equity Alpha Fund of Fund. So then, this fund comes as an open-ended scheme. Also, it would invest in money market instruments. Besides, the NFO subscription period started on 4th September 2020. However, it remains close on 18th September 2020.
|Fund Name||Axis Global Equity Alpha Fund of Fund|
|Fund House||Axis Mutual Fund|
|NFO Period||4th September to 18th September 2020|
|Benchmark||MSCI World (Net TR)|
The Axis MF NFO offered the initial price of Rs. 10 per unit in the subscription period. Moreover, the minimum target amount of the mutual fund is Rs. 10 Cr. The benchmark of this NFO is the MSCI World (Net TR).
Entry Load and Exit Load:
There was nil entry load for this NFO. Similarly, nil exit loads applicable to this new fund offer. Similarly, the exit loads, for redeemed or switched out within 12 months 10% of the NAV applicable. For redeemed or switched out after 12 months nil.
Minimum Investment Amount:
Significantly, as per the draft prospectus, the minimum investment for the initial purchase stood as Rs. 5,000 and in multiples of ₹ 1 thereafter. Also, for additional purchases, the minimum amount would remain Rs. 100 and in multiples of ₹ 1 thereafter. Moreover, this fund available in both growth and dividend options.
Objects of the NFO:
The investment objective of the scheme is to generate long term capital appreciation by predominantly investing in Schroder International Selection Fund Global Equity Alpha.
|Instruments||Allocation (% of total assets)||Risk Profile|
|Units/shares of Schroder International Selection Fund Global Equity Alpha||95% to 100%||Medium to High|
|Debt Money Market instruments and units of liquid schemes||0% to 5%||Low to Medium|
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 investing.