Bharti AXA MF Plans To Launch Government Securities Fund - Jan 8, 2009

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.

Bharti AXA MF Launches Short Term Horizon Fund - Dec 04, 2008

Name of Fund: Bharti AXA Short Term Income Fund, Scheme: An open-ended income scheme. NFO Opens: 03 December 2008, NFO closes: 10 December 2008, Re-opens on: 22 December 2008,New Issue price: Rs 10 per unit.

Investment Objective: The scheme seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.

Investment Options: The scheme offers Regular and Institutional plan with growth and dividend option. The dividend option offers only dividend re-investment and payout facility.

Asset Allocation: The fund will invest up to 30% to 100% in money market securities including government securities, corporate debt, securitized debt and other debt instruments with average maturity less than or equal to 370 days or have put options within a period not exceeding 370 days. The scheme may invest upto 70% in debt instruments including government securities, corporate debt, securitised debt and other debt instruments with average maturity greater than 370 days.

Investment in securitised debt will not exceed 20% of the net assets as the time of purchase. Investment debt derivatives would be upto 50% of the net assets of the scheme for the purpose of hedging and portfolio balancing purposes.

Entry Load: The scheme will not charge any entry load

Exit Load: The scheme will charge 0.250% as an exit load if redeemed within 30 days from the date of allotment.

Minimum Investment Amount: The minimum investment amount under retail plan is Rs 5000 and multiples of Re 1 thereafter. And the minimum application amount under institutional plan is Rs 1 crore and multiples of Re 1 thereafter.

Minimum Target amount: The Fund seeks to collect a minimum targeted amount of Rs 1 crore under each series during NFO.

Benchmark Index: Crisil Short Term Bond Fund Index.