Friday, June 19, 2009

Bharti AXA MF Build India Fund Files Documents With Sebi - June 19, 2009

Bharti AXA mutual fund has filed an offer documents with Securities and Exchange Board of India (Sebi) to launch Bharti AXA Build India Fund. The face value of the unit will be Rs 10 per unit. The scheme will endeavour to generate long term capital appreciation through a portfolio of predominantly equity and equity related securities of companies that are expected to benefit from the growth and infrastructure development in India.

The scheme will offer two plans- regular, eco, institutional and super institutional plans. Each of the plans will have the options of growth as well as quarterly and regular dividend options. The dividend options will further offer dividend payout and reinvestment facilities.

The scheme may invest 65-100% in equity and equity related securities of companies that are expected to benefit from the growth and development of Infrastructure in India with high risk profile.

It will have investment up to 35% in equity and equity related securities of other companies with high risk profile.

The fund will make an investment up to 35% in debt & money market securities/instruments with low to medium.

However, the investments in derivative instruments shall not exceed 50% of net assets of the portfolio. It will not invest in securitized debt.

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