Bharti AXA MF plans to launch open-ended government securities fund, which will endeavour to generate reasonable returns from a portfolio of Government Securities.
However, the scheme will offer two plans- regular and institutional options and both the options will offer- Growth option for capital appreciation along with the Dividend Reinvestment Option for regular income (with monthly, quarterly and Half - Yearly frequency of dividend re-investment) as well as the Dividend Pay-out Option for regular income (with monthly, quarterly and Half - Yearly frequency of dividend pay-out).
The scheme may invest its entire in government corpus in government securities guaranteed by the central government and/or any state government(s) repos/ reverse repos /CBOL /T-Bills and/or other similar instruments, as may be permitted form time to time.
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