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Bharti AXA Investment Managers extend online transaction facility

Launched in July 2008, Bharti AXA Treasury Advantage Fund is an open ended income scheme which seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments

September 10, 2009 3:07 IST | India Infoline News Service
Bharti AXA Investment Managers, a joint venture between Bharti Ventures Ltd, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH) is pleased to announce that the online transaction facility is now being extended to Bharti AXA Short Term Income Fund (BASTIF) and Bharti AXA Treasury Advantage Fund (BATrAF) with effect from September 9, 2009.

Users can transact on the website to perform purchase, redemption or switch transaction of value less than Rs.1 crore per transaction. This will benefit both retail investors and HNIs as online investing in mutual funds gains more popularity.

Launched in July 2008, Bharti AXA Treasury Advantage Fund is an open ended income scheme which seeks to deliver reasonable market related returns with lower risk and higher liquidity through a portfolio of debt and money market instruments. Bharti AXA Short Term Income Fund, launched in December 2008, is an open ended income scheme which seeks to generate income and capital appreciation by investing in a diversified portfolio of debt and money market securities.

Commenting on this initiative, Vikaas M Sachdeva, Country Head, Business Development, Bharti AXA Investment Managers stated “More and more investors are getting online and it provides a perfect platform for self service and the convenience of transacting from anywhere. Opening up two more funds on the fixed income side strengthens our retail focus.”

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