16 Apr 2008 | 17:09
Bharti AXA MF files offer document of FMP Series
Name of Fund: Bharti AXA Fixed Maturity Plan Series 3M-I and Bharti AXA Fixed Maturity Plan Series 6M-I
Scheme: They are close-ended income schemes.
Objective: Both the schemes seeks to achieve capital appreciation by investing in a portfolio of debt and money market securities. It is envisaged that the portfolio of each plan in the Scheme will display a maturity profile that is generally in line with the term thereof.
Investment options: The schemes offers retail and institutional plans. Both the plans have growth option and dividend payout and reinvestment option.
Asset Allocation: The funds will invest 0%-100% in money market instruments. It may invest 0-100% in debt instruments including securitised debt.
Face Value: Rs 10
Entry Load: The fund house does not charge an entry load as both the schemes are of close-ended nature.
Exit load: In case of Bharti AXA Fixed Maturity Plan Series 3M-I, 0.5% an exit load will be charged and 2% for Bharti AXA Fixed Maturity Plan Series 6M-I.
Minimum Investment Amount: Under both the schemes, the minimum investment under retail plan is Rs 10,000 and in multiples of Re 1 thereafter. Under institutional plan, the minimum investment amount is Rs 10 lakh in multiples of Re 1 thereafter.
Minimum subscription amount: Rs 1 crore
Benchmark Index: CRISIL Liquid Fund Index
Fund Manager: Mr. Sriraj Bhattacharjee.
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