Axis Fixed Term Plan - Series 118 (100 Days) NFO: Key things you need to know

29 Nov 2023 , 01:23 PM

Axis Mutual Fund is launching NFO under its “income category”, named as Axis Fixed Term Plan – Series 118. The investment objective of the scheme is to generate returns through a portfolio of debt & money market instruments that are maturing on or before the maturity of the Scheme.

Investment strategy: The scheme with Tenure up to 1100 days with at least 65% portfolio exposure in AAA/ A1+ rated securities.

Asset allocation: The scheme will invest in debt & money market instruments maturing on or before the maturity of the scheme.

Who should invest?

Investors with very high risk appetite and want to invest for 100 days to diversify their portfolio in debt securities should invest in Axis Fixed Term Plan – Series 118. 

Risk associated: Very high level of risk.

Benchmark: CRISIL Ultra Short Term Debt Index.

Fund Managers: Mr Sachin Jain.

The NFO is available for subscription from November 28 to December 04. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP to create a flexible investment plan. The minimum subscription amount is Rs 5000/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Axis Fixed Term Plan – Series 118 (100 Days).