NFO period is from 25 July to 08 August 2014
Axis Mutual Fund has launched a new plan named as Axis Enhanced Arbitrage Fund, an open ended arbitrage Fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 25 July to 08 August 2014.
The investment objective of the scheme is to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
The scheme would have two plans - regular and direct. Both the plans will have growth option and dividend (payout and reinvestment facility) option.
The scheme will allocate upto 10% of assets in equities, equity related instruments (unhedged) with high risk profile, invest 65%-90% of assets in equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options, etc. as part of hedged/ arbitrage exposure with medium to high risk profile and invest 10%-35% of assets in debt and money market instruments including securitized debt upto 35% with low to medium risk profile. The scheme will not invest in foreign securitized debt.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load: Not applicable.
Exit load: If units are redeemed / switched out within 90 days from the date of allotment, an exit load of 0.50% will be charged.
Benchmark index for the scheme is CRISIL Liquid Fund Index.
The fund managers of the scheme are Pankaj Murarka and Devang Shah.
Axis Mutual Fund has launched a new plan named as Axis Enhanced Arbitrage Fund, an open ended arbitrage Fund. The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The new issue will be open for subscription from 25 July to 08 August 2014.
The investment objective of the scheme is to generate income through low volatility absolute return strategies that take advantage of opportunities in the cash and the derivative segments of the equity markets including the arbitrage opportunities available within the derivative segment, by using other derivative based strategies and by investing the balance in debt and money market instruments.
The scheme would have two plans - regular and direct. Both the plans will have growth option and dividend (payout and reinvestment facility) option.
The scheme will allocate upto 10% of assets in equities, equity related instruments (unhedged) with high risk profile, invest 65%-90% of assets in equities, equity related instruments and derivatives including index futures, stock futures, index options & stock options, etc. as part of hedged/ arbitrage exposure with medium to high risk profile and invest 10%-35% of assets in debt and money market instruments including securitized debt upto 35% with low to medium risk profile. The scheme will not invest in foreign securitized debt.
The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.
Entry load: Not applicable.
Exit load: If units are redeemed / switched out within 90 days from the date of allotment, an exit load of 0.50% will be charged.
Benchmark index for the scheme is CRISIL Liquid Fund Index.
The fund managers of the scheme are Pankaj Murarka and Devang Shah.
