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Tuesday, September 23, 2014

Axis Equity Opportunities Fund files offer document with Sebi

An Open-ended Equity Scheme 

Axis Mutual Fund has filed offer document with Sebi to launch Axis Equity Opportunities Fund, An Open-ended Equity Scheme. The New Fund Offer price is Rs 10 per unit. 

Investment objective: To generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization.
Options/plans: Growth and dividend (payout & reinvesment) options under both regular plan and direct plan. 

Benchmark: S&P BSE 200 Index 

Entry Load: Not Applicable 

Exit Load: 1% if Units are redeemed / switched-out within 12 months from the date of allotment. 

Minimum Application Amount: Rs.5,000 and in multiples of Re 1 thereafter. 

Minimum Target Amount: Rs 10 crore 

Asset Allocation: The scheme shall invest 80-100% in equity and equity related instruments (out of which: 50-75% in equity and equity related instruments of large cap companies and 25-50% in equity and equity related instruments of mid and small cap companies) and up to 20% in debt and money market instruments. 

Fund Manager: Pankaj Murarka
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