MUTUAL FUNDS
BOI AXA MF introduces Bluechip Fund
Jun-08-2021

BOI AXA Mutual Fund (MF) has launched the BOI AXA Bluechip Fund, an open-ended equity scheme predominantly investing in Large Cap Stocks. The NFO opens for subscription on June 08, 2021, and closes on June 22, 2021. The Entry load is nil. The Exit Load will be nil for redemption/switch out up to 10% of the initial units allotted within 1 year from the date of allotment; and 1% of exit load for any redemption/switch out in excess of 10% of the initial units allotted within 1 year from the date of allotment. There will be no exit load if the units are redeemed/switched out after 1 year from the date of allotment of units. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The performance of the Scheme will be benchmarked with Nifty 50 Total Return Index and its fund manager is Dhruv Bhatia.

The investment objective of the scheme is to provide investors with the opportunities long term capital appreciation by investing predominantly in equity and equity-related instruments of large cap companies.


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