Bharti AXA Mutual Fund has introduce daily dividend reinvestment option under regular plan in Bharti AXA Liquid Fund (BALF) and Bharti AXA Treasury Advantage Fund (BATrAF) and dividend transfer option and liquidity facility in all plans in all plans of BALF and BATrF, with effect from 12 June 2009.
Introduction of daily reinvestment option In dividend reinvestment option under the regular BALF and BATrF, a daily frequency in dividend declaration is being introduced. The minimum application/additional amount under the above shall be the same as applicable to other options under the regular plan of above schemes.
The introductory price of the units shall be at a face value i.e. Rs 1000, and thereafter at the applicable NAV.
Introduction of dividend transfer option and liq-uity facility:
The fund house is introducing a new dividend option, being dividend transfer option with daily dividend frequency, in all the plans of BALF and BATrF. The facility is termed as Liq-uity (facility)
Under the facility the unitholders will be able to give instructions to transfer the amount of dividends, declared in BALF/BATrF under the new option, for investment in Bharti AXA equity Fund (BAEF) or in any other scheme of the mutual fund as may be decided by the AMC from time to time.
Accordingly, the dividend due to the unitholders will be compulsorily and without any further act by him, be transferred for investment into BAEF, and units towards the dividend amount will be allotted in BAEF at the Applicable NAV.
The dividend so transferred for investment into BAEF can be invested in either ECO Plan or Regulr Plan of BAEF and option available payment of dividend to the unitholders BALF/BATrF.
Minimum Application Amount: For the new investors in BALF/BATrF availing the facility, the minimum application amount is as follows:
Bharti AXA Liquid Fund: Regular Plan-Rs 10 lakh and , Institutional Plan-Rs 1 crore and Super Instituional Plan – Rs 25 crore and in multiples of Re 1 thereafter.
Bharti AXA Treasury Advantage Fund: Regular Plan -Rs 10 lakh, Institutional Plan – Rs 1 crore and in multiples of Re 1 thereafter.
Load Structure: For investors investing in BAEF through this facility, the following load structure shall apply in respect of both ECO and Regular Plan of Bharati AXA Equity Fund (BAEF):
Entry Load: Nil, Exit Load: 1%, if redeemed within 6 months from the date of allotment.
Introduction of daily reinvestment option In dividend reinvestment option under the regular BALF and BATrF, a daily frequency in dividend declaration is being introduced. The minimum application/additional amount under the above shall be the same as applicable to other options under the regular plan of above schemes.
The introductory price of the units shall be at a face value i.e. Rs 1000, and thereafter at the applicable NAV.
Introduction of dividend transfer option and liq-uity facility:
The fund house is introducing a new dividend option, being dividend transfer option with daily dividend frequency, in all the plans of BALF and BATrF. The facility is termed as Liq-uity (facility)
Under the facility the unitholders will be able to give instructions to transfer the amount of dividends, declared in BALF/BATrF under the new option, for investment in Bharti AXA equity Fund (BAEF) or in any other scheme of the mutual fund as may be decided by the AMC from time to time.
Accordingly, the dividend due to the unitholders will be compulsorily and without any further act by him, be transferred for investment into BAEF, and units towards the dividend amount will be allotted in BAEF at the Applicable NAV.
The dividend so transferred for investment into BAEF can be invested in either ECO Plan or Regulr Plan of BAEF and option available payment of dividend to the unitholders BALF/BATrF.
Minimum Application Amount: For the new investors in BALF/BATrF availing the facility, the minimum application amount is as follows:
Bharti AXA Liquid Fund: Regular Plan-Rs 10 lakh and , Institutional Plan-Rs 1 crore and Super Instituional Plan – Rs 25 crore and in multiples of Re 1 thereafter.
Bharti AXA Treasury Advantage Fund: Regular Plan -Rs 10 lakh, Institutional Plan – Rs 1 crore and in multiples of Re 1 thereafter.
Load Structure: For investors investing in BAEF through this facility, the following load structure shall apply in respect of both ECO and Regular Plan of Bharati AXA Equity Fund (BAEF):
Entry Load: Nil, Exit Load: 1%, if redeemed within 6 months from the date of allotment.
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