Axis Mutual Fund launches Axis Money Market Fund

NFO period: 26^th July – 01^st August, 2019

Highlights of the NFO:

• Scheme type – An open ended debt scheme investing in money market instruments


• Investment objective – To generate regular income through investment in a portfolio comprising of money market instruments. However, there can be no assurance that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking regular income over short term by investing in money market instruments with maturity up to one year.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Dividend Option.


• Fund Manager – Mr. Devang Shah and Mr. Aditya Pagaria


• Benchmark – NIFTY Money Market Index