NFO Period from 20 January to 15 February 2010
Bharti AXA Mutual Fund has launched a new fund named as Bharti AXA
Focused Infrastructure Fund, an open ended equity scheme. The New Fund
Offer (NFO) price for the scheme is Rs 10 per unit. The new issue is
open for subscription from 20 January 2010 and closes on 15 February
2010.
The investment objective of the scheme is to generate long term capital
appreciation through a portfolio of predominantly equity and equity
related securities of companies engaged in infrastructure and
infrastructure related sectors.
The scheme offers - growth option, quarterly dividend option
and regular dividend option. Quarterly & regular dividend option
offers dividend payout and dividend re-investment facilities.
The scheme would invest 65% to 100% of assets in equity and equity
related securities of companies engaged in infrastructure and
infrastructure related sectors with high risk profile. It would further
invest up to 35% of assets in debt & money market securities with
low to medium risk profile.
The minimum application amount is Rs 5000 and in multiples of
Re. 1 thereafter. Minimum additional investment amount is Rs 1000 and
in multiples of Re.1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 1 lakh under the scheme during the NFO period.
Entry load charge will be nil for the scheme. The scheme will charge an
exit load of 1% if redeemed within 1 year from the date of allotment.
Benchmark index for the scheme will be BSE 100.
Prateek Agrawal will be fund manager for the scheme.