Axis Mutual Fund

Axis Mutual Fund to launch Equity Fund on November 11

Axis Mutual Fund, promoted by Private lender Axis Bank, has announced the launch of its first equity fund, which will be called as ‘Axis Equity Fund’, a diversified equity fund benchmarked to the S&P CNX Nifty.

Mr Rajiv Anand, Managing Director & CEO, Axis AMC said, “We aim to offer total investment solutions to consumers and not just individual products. Our research has shown that there is a huge demand for simplicity and trust in financial services.''

Axis Mutual Fund to launch ‘Axis Equity Fund’ on November 11

Axis Mutual Fund, a wholly-owned Subsidiary of Axis Bank, has rolled out a new open ended growth scheme christened ‘Axis Equity Fund’ in the market.

The new issue will remain open for subscription between November 11 to December 8 2009.

The investment goal of the scheme will be to achieve long term capital appreciation by investing in a broadened portfolio primarily consisting of equity and equity related securities including derivatives.