Axis AMC eyes Rs 100 crore from new debt fun
The scheme opened on Monday and closes on March 12, the fund house said in a statement, adding they have set an internal target of collecting at least Rs 100 crore during the primary subscription period.
Axis Mutual Fund on Monday launched a debt scheme with a target to collect at least Rs 100 crore during the primary subscription period. The open-ended target maturity index fund will invest in the constituents of the Crisil SDL index, maturing in June 2034.
The scheme opened on Monday and closes on March 12, the fund house said in a statement, adding they have set an internal target of collecting at least Rs 100 crore during the primary subscription period.
The scheme will be managed by Hardik Shah and does not have any exit load. The passive fund has a relatively high-interest rate risk and relatively low credit risk. B Gopkumar, MD & CEO of the fund house said the current yield curve presents material opportunities to investors with a medium to long-term investment horizon and can be a notable add-on to the investor's passive debt portfolio.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
If you make RDs of Rs 5,000, Rs 10,000, Rs 15,000, and Rs 20,000 in post office, what will be your maturity amount?
Special Live Trading Session on Saturday: Know why BSE, NSE will remain open on May 18; check timings
RCB vs CSK IPL 2024 Ticket Booking Online: Where and how to buy RCB vs CSK tickets online - Check IPL Match 68 ticket price, other details
Women loco pilots speak about their struggle; many men have to be informed even for 'washroom break' in a moving train
Bandhan Bank Q4 FY24 Results Preview: PAT, interest income likely to grow in almost double digits; asset quality may improve
05:51 PM IST