MUTUAL FUNDS
Axis Mutual Fund files offer document for Special Situations Fund
Oct-15-2019

Axis Mutual Fund has filed offer document with SEBI to launch an open ended equity scheme named ‘ Axis Special Situations Fund ' . The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load If redeemed / switched-out within 12 months - For 10% of investment will be Nil; For remaining investment it will be 1%; If redeemed/switched out after 12 months from the date of allotment exit load will be Nil. The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore

The performance of the scheme will be benchmarked against NIFTY 500 TRI. The minimum application amount for initial purchase is Rs 5000 and  in multiples of Re 1 thereafter.

The investment objective of the scheme is to generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.

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