MUTUAL FUNDS
Axis Mutual Fund files offer document for Active Momentum Fund
Aug-14-2024
Axis Mutual Fund has filed offer document with SEBI to launch an open -ended equity scheme named ‘Axis Active Momentum Fund'. The New Fund Offer price is Rs 10. Entry load will be nil and exit load for If redeemed / switched-out within 12 months from the date of allotment- For 10% of investments will be NIL- For remaining investments: 1%; If redeemed / switched-out after 12 months from the date of allotment will be NIL. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Optio and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty 500 TRI. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate long term capital appreciation from a portfolio of equity and equity related securities of companies selected based on the momentum

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