MUTUAL FUNDS
Axis Mutual Fund files offer document for Fixed Term Plan - Series 127 -128
Mar-01-2025
Axis Mutual Fund has filed offer document with SEBI to launch a close ended debt scheme ‘Axis Fixed Term Plan - Series 127 -128'. The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load and Exit Load will be nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option and seeks to collect a Minimum Target Amount of Rs 20 crore.

The performance of the scheme For Schemes having a maturity of  up  to  91  days  from  the  date  of  allotment (including) will be benchmarked against CRISIL Liquid Debt A-I Index; For Schemes having a maturity of  more than 92 days up to 180 days from the date of allotment (including) will be benchmarked against CRISIL Ultra Short-Term Duration Debt A-I Index; For Schemes having a maturity of  more than 181 days up to 365 days from the date of allotment (including) will be benchmarked against CRISIL Low duration Debt A-I Index; For Schemes having a maturity of more than 12 months up to 36 months from the date of allotment (including) will be benchmarked against CRISIL Short Duration Debt A-II Index; For Schemes having a maturity of  more than 36 months up to 48 months  from the date of allotment (including) will be benchmarked against CRISIL Medium Duration Debt A-III Index ; For Schemes having a maturity of more than 48 months up to 90 months from the  date  of  allotment (including) will be benchmarked against CRISIL Medium to Long Duration  Debt A-III Index and For Schemes having a maturity above 90 months from the date of allotment (including) will be benchmarked against CRISIL Long Duration Debt A-III Index. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the respective plan(s).

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