Axis Mutual Fund launches Axis Ultra Short Term Fund

NFO period: 27^th August – 04^th September, 2018

Highlights of the NFO:

• Scheme type – An open ended ultra-short term debt scheme investing in instruments such that the Macaulay duration of the portfolio is between 3 months and 6 months


• Investment objective – The investment objective of the scheme is to generate regular income and capital appreciation by investing in a portfolio of short term debt and money market instruments with relatively lower interest rate risk such that Macaulay duration of the portfolio is between 3 months and 6 months.


• Product suitability – The product is suitable for investors who are seeking regular income over short term by investing in Debt & Money Market instruments such that the Macaulay duration of the portfolio is between 3 months - 6 months.


• 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. Aditya Pagaria


• Benchmark – CRISIL Ultra Short Term Debt Index