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Thursday, November 13, 2014

BOI AXA Capital Protection Oriented Fund – Series 2 Floats On

NFO period is from 13 November to 27 November 2014

BOI AXA Mutual Fund has launched a new fund named as BOI AXA Capital Protection Oriented Fund – Series 2, a close-ended capital protection oriented scheme. The New Fund Offer price is Rs 10 per unit. The tenure of the scheme will be 37 months from the date of allotment. The new issue will open for subscription from 13 November to 27 November 2014. 

The investment objective of the Scheme 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. 

The scheme offers regular plan and direct plan. Both regular plan and direct plan offer growth option and dividend payout option. The scheme will invest 75%-100% of assets in debt and money market securities with low to medium risk profile and invest upto 25% of assets in equity & equity related instruments with high risk profile.

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 20 crore under the scheme during the NFO period. 

Entry load: Nil. 

Exit load: Not Applicable. 

Benchmark index for the scheme is CRISIL MIP Blended Fund Index. 

The fund managers of the scheme are Alok Singh and Surabh Kataria. 
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