Axis MF introduces Retirement Savings Fund-Dynamic Plan

Axis Mutual Fund (MF) has launched the Axis Retirement Savings Fund-Dynamic Plan, an open-ended retirement solution oriented scheme. The NFO opens for subscription on November 29, 2019 and closes on December 13, 2019. No Entry load and Exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The scheme’s performance will be benchmarked against NIFTY 50 Hybrid Composite Debt 65:35 Index and its fund managers are Jinesh Gopani, R. Sivakumar and Hitesh Das.

The investment objective of the scheme is to generate capital appreciation by investing in equity and equity related securities as well as generating income by investing in debt and money market securities, while attempting to manage risk from the market through active asset allocation. The Investment Plan may also invest in units of Gold ETF or units of REITs & InvITs for income generation / wealth creation.