Mutual Funds

Fund Update

| Updated on August 20, 2011

AXIS MUTUAL FUND has launched Axis Hybrid Fund Series 2, a three-year close ended income scheme. The primary objective of the scheme is to generate income by investing in high quality fixed income securities while the secondary objective is to generate capital appreciation by investing in equity and equity related instruments. No exit load will be charged under the scheme. The performance of the scheme will be benchmarked against Crisil MIP Blended Index. The new issue will be open for subscription from till August 30 at an offer price of Rs 10 per unit.

IDBI MUTUAL FUND has announced change in minimum investment amount under Systematic Transfer Plan for monthly investment option, effective from August 22. Accordingly, the minimum investment amount for single transfer under Systematic Transfer Plan (monthly frequency) in Liquid, Debt and Income schemes is being reduced from Rs 2000 currently to Rs 1000. Furthermore, the minimum number of instalments is also increased from 6 to 12 for the above mentioned schemes.

Published on August 20, 2011

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