Bharti AXA Mutual Fund house announced launch of Bharti AXA Equity Fund on 4 September 2008. The initial offer period will close for subscription on 1 October 2008. It is an open-ended equity growth scheme. The offer price during NFO is Rs 10 per unit. The investment objective of the scheme is to generate income and long-term capital appreciation through a diversified portfolio of predominantly equity and equity-related securities including equity derivatives, across all market capitalizations. The scheme is in the nature of diversified multi-cap fund. Investment options: The scheme offers Retail, Eco and Institutional Plans. Eco plan is available for retail investments up to Rs 2 lakh only. Where the value of any purchase transaction (including switch, SIP) by a unit holder / investor is up to Rs 2 lakh, such unit holder / investor will have a choice to opt for Eco Plan. This Plan cannot be chosen if the value of any purchase transaction by a unit holder / investor exceeds Rs 2 lakh
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