Axis Mutual Fund today launched a new fund that largely invests in fixed income instruments and a portion in equity and equity-related products.

Axis Hybrid Fund-Series 5 is a close-ended offering, having a combination of debt and equity. It is attractive to first time and conservative investors, the mutual fund company said in a release here.

The new fund offer, under which the minimum investment amount is Rs 5,000, will close on July 19, it added.

(This article was published on July 5, 2013)
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