BOI AXA launches Capital Protection Oriented Fund-Series 1

India Infoline News Service | Mumbai |

The new fund offer opens on October 17, 2013 and closes on October 31, 2013

BOI AXA Investment Managers on Thursday launched BOI AXA Capital Protection Oriented Fund–Series 1, a 38 months Close-ended Capital Protection Oriented Scheme. The new fund offer opens on October 17, 2013 and closes on October 31, 2013.

The scheme aims to seek capital protection on maturity by investing in fixed income securities maturing on or before the tenure of the scheme and seeks capital appreciation by investing in equity and equity related instruments.

The BOI AXA Capital Protection Oriented Fund – Series 1 has been rated AAA mfs (SO)!^ by ICRA.

The minimum application amount will be Rs. 5000/- and in multiples of Rs. 1/- thereafter.

BOI AXA Capital Protection Oriented Fund – Series 1 offers a Direct Plan and a Regular Plan across a common portfolio. The available options are: Growth Option and Dividend Pay-out Option.

Alok Singh (CIO- Fixed Income) and Saurabh Kataria (Fund Manager – Equity) will be the fund managers for this scheme. The scheme’s performance would be benchmarked against the CRISIL MIP Blended Fund Index.




 

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