The open-ended scheme will invest its entire corpus in debt and money market instruments.
Moneycontrol News
@moneycontrolcom
Axis Mutual Fund has sought the Securities and Exchange Board of India’s approval to launch Axis Ultra Short Term Fund, according to the draft offer document filed.
The open-ended scheme will invest its entire corpus in debt and money market instruments.
Other features:
* Options: Growth and dividend
* Minimum application: 5,000 rupees and in multiples of one rupee
thereafter
* Exit Load: Nil
* Performance benchmark: CRISIL Liquid Fund Index
* Fund manager: Aditya Pagaria
