Bharti AXA mutual fund house announced launch of Bharti AXA Fixed Maturity Plan Series 3 Month-I on 5 August 2008. The initial offer period will close for subscription on 6 August 2008. It is a close-ended income scheme. The offer price during NFO is Rs 10 per unit. The scheme seeks to achieve capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each plan in the scheme will display a maturity profile that is generally in line with the term thereof.
The scheme offers retail and institutional plans. Both plans have growth option and dividend reinvestment and payout option. The fund will invest 0%-100% in money market instruments and up to 100% in debt instruments including securitised debt. Investments in asset backed securities securitised debt will not exceed 40% of the net assets of the scheme as at the time of purchase. Investment in debt derivatives instruments will be up to 50% of the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes. The scheme does not charge an entry load. The scheme will charge 0.5% an exit load for redemptions before maturity.
The minimum investment under retail plan is Rs 10000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 10 lakh in multiples of Re 1 thereafter. The scheme seeks to collect Rs 1 crore as minimum targeted amount during NFO period.
The scheme offers retail and institutional plans. Both plans have growth option and dividend reinvestment and payout option. The fund will invest 0%-100% in money market instruments and up to 100% in debt instruments including securitised debt. Investments in asset backed securities securitised debt will not exceed 40% of the net assets of the scheme as at the time of purchase. Investment in debt derivatives instruments will be up to 50% of the net assets of the Scheme for the purpose of hedging and portfolio balancing purposes. The scheme does not charge an entry load. The scheme will charge 0.5% an exit load for redemptions before maturity.
The minimum investment under retail plan is Rs 10000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 10 lakh in multiples of Re 1 thereafter. The scheme seeks to collect Rs 1 crore as minimum targeted amount during NFO period.
1 comment:
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