Axis MF Launches Axis Retirement Savings Fund

Axis MF Launches Axis Retirement Savings Fund

Axis Plans Retirement Savings Fund-Conservative Plan

Axis mutual fund plans to launch a new fund offer under the solution-oriented – retirement fund category. The NFO will open for subscription on 29th November and expect to close on 13th December. The name of the NFO is Axis Retirement Savings Fund. It aims to invest a maximum of stocks in debt and money market instruments.

The scheme will launch in direct and regular plans under dividend and growth options. Axis NFO launches under Conservative, Aggressive, and Dynamic plans. 

Conservative Plan

Axis NFO will benchmark against NIFTY 50 Hybrid Short Duration Debt 25:75 Index. The new fund offer will manage by Jinesh Gopani and R. Sivakumar.

Objects Of The Axis Retirement Savings Fund

The primary objective of the Axis MF scheme is to provide capital credit by investing in equity and equity-related instruments. The second one is to provide regular returns through investing in debt and money market instruments. 

Axis Retirement Savings Fund also plans to provide income or wealth production by investing in Gold ETF and REITs & InvITs units.

Minimum Investment

The scheme offers to invest a minimum of Rs 5000 and in multiples of Re 1 following under the Lumpsum investment method.

For additional purchase of units, investors should invest a minimum of Rs 1000 and in multiples of Re 1 thereafter. The initial offer price of the NFO is Rs 10 per unit. 

Investment Pattern

 Instruments  Minimum  Maximum
 Debt and Money Market Instruments  60%  80%
 Equity and Equity Related Instruments  20%   40%

Aggressive Plan

The performance of the aggressive Plan will be benchmarked against the NIFTY 50 Hybrid Composite Debt 70:30 Index.

The investment pattern of the scheme is to invest a minimum of 65%  and a maximum of 80% of securities in equity and equity-related instruments. It also plans to invest a minimum of 20% and a max of 35% in Debt and money market securities. 

Dynamic Plan

Dynamix plan will be benchmarked against the NIFTY 50 Hybrid Composite Debt 65:35 Index. It may invest 65 % to 100% in equity and equity-related instruments. Moreover, a max of 45% in Conservative plans and 35% in Debt and MMI.

Disclaimer: This article offers just information related to the scheme. It does not provide any advice or investment tips to investors. MF investments are set to market risk. Please consult your financial expert before invest.

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