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BOI AXA MF launches Capital Protection Oriented Fund Series 5


06 Oct 2015
BOI AXA Mutual Fund has launched a new close ended capital protection oriented scheme named “BOI AXA Capital Protection Oriented Fund Series 5” with maturity period of 38 months from the date of allotment.

The New Fund Offer (NFO) price for the scheme is Rs 10 per unit. The NFO opened for subscription today and will close on October 20.

According to the offer document filed with SEBI, the entry load is nil and since the scheme is planned to be listed on the Stock Exchange or any other exchange, the exit load charge will not be applicable. This suggests that the investors wishing to exit may do so through the stock exchange mode.

The minimum application amount is Rs 5,000 and in multiples of Rs 1 thereafter. The option available under the plan of the scheme is Growth option.

The performance of the scheme will be benchmarked against CRISIL MIP Blended Fund Index. Alok Singh and Saurabh Kataria will be the fund managers of the scheme.

The asset allocation of scheme will be in such a way that the objective of the scheme to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the Scheme and seeking capital appreciation by investing in equity and equity related instruments. Hence, the scheme will allocate 82 to 100 per cent of asset in debt & money market instruments and 0 to 18 per cent of asset in equity & equity related instruments.

Source: Dion Global    Type: Mutual Fund Review