BOI AXA Overnight Fund NFO period from Jan 27 to Jan 28:
BOI AXA Mutual Fund launched a new fund offer. The NFO is BOI AXA Overnight Fund. It was an open-ended debt fund. Also, the category of the fund is an overnight fund. The NFO subscription period starts on 27th Jan and ends on 28th Jan.
BOI AXA Overnight Fund NFO Details:
|Fund Name||BOI AXA Overnight Fund|
|Fund House||BOI AXA Mutual Fund|
|NFO Period||Jan 27 to Jan 28, 2020|
|Benchmark||CRSIL Overnight Index|
The benchmark of the NFO is the CRSIL Overnight Index. This will be available in both the direct plan and the regular plan. The NFO price is Rs 10 per equity unit. The Risk Profile of this Fund was low.
Mr. Amit Modani was the fund manager for this NFO. The BOI AXA Investment Managers Private Limited and BOI AXA Trustee Services Private Limited are the asset management and trustee companies for BOI AXA Fund.
Entry load and exit load:
There is a nil entry load for this BOI AXA Overnight NFO. Similarly, there is a nil exit load for this NFO.
|Instruments||Allocation (% of Assets)||Risk Profits|
|Debt and Money market instruments||0% to 100%||Low|
The minimum amount of investment should be Rs 5,000 and multiples of Rs 1 thereafter. The additional purchase of units needs to pay Rs 1,000 and in multiples of Re 1 at the time of subscription period. Also, for the STP category, the minimum installment of Rs 1,000 per month.
Objectives of the NFO:
It plans to obtain income by investing in Overnight securities with low risk and high liquidity. The company will not give assurance for the investment objective of the fund will achieve.
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.