Axis Mutual Fund launches Axis Money Market Fund
NFO period: 26th July – 01st August, 2019
Highlights of the NFO:
- Scheme type – An open ended debt scheme investing in money market instruments
- Investment objective – To generate regular income through investment in a portfolio comprising of money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.
- Product suitability – The product is suitable for investors who are seeking regular income over short term by investing in money market instruments with maturity up to one year.
- Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter
- Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option.
- Fund Manager – Mr. Devang Shah and Mr. Aditya Pagaria
- Benchmark – NIFTY Money Market Index
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)