MASTER MIND FINNASSET: BOI AXA Fixed Maturity Plan – Series 3 Floats On

Monday, March 25, 2013

BOI AXA Fixed Maturity Plan – Series 3 Floats On

NFO remains open only on 25 March 2013

BOI AXA Mutual Fund has launched a new fund named as BOI Axa Fixed Maturity Plan – Series 3, a close-ended income scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the scheme will be 367 days from the date of allotment. The new issue will open for subscription only on 25 March 2013.

Investment objective: The investment objective of the Scheme(s) is to generate income by investing in a portfolio of fixed income and money market instruments maturing on or before the maturity date of the Scheme.

Options: The scheme offers Regular Plan and Direct Plan. Both Regular Plan and Direct Plan offer Growth Option and Dividend Payout Option.

Benchmark: CRISIL Short Term Bond Fund Index

Loads: Entry and exit load are nil

Minimum Application Amount: Minimum initial investment is Rs.5000/- per application and in multiples of 1/- thereafter.

Minimum Target Amount: Rs 20 crore

Asset Allocation: The scheme shall invest upto 50%-100% in Money Market Instruments with low risk profile and invest upto 50% in Debt with low to medium risk profile.

Fund Manager: Alok Singh will manage the fund.

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