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Axis Mutual Fund launches Axis Money Market Fund

by News Team | Mutual Fund

NFO period: 26th July - 01st August, 2019

Highlights of the NFO:

  • Scheme type - An open ended debt scheme investing in money market instruments

  • Investment objective - To generate regular income through investment in a portfolio comprising of money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.

  • Product suitability - The product is suitable for investors who are seeking regular income over short term by investing in money market instruments with maturity up to one year.

  • Minimum Application Amount - First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter

  • Plan/ Options available - Regular Plan and Direct Plan having Growth Option and Dividend Option.

  • Fund Manager - Mr. Devang Shah and Mr. Aditya Pagaria

  • Benchmark - NIFTY Money Market Index

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)