BOI AXA MF Mid Cap Equity & Debt Fund, Open ended equity fund - New Fund Offer - MYREALITY.In, Real Estate, Share Market, Mutual Fund, Insurance
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Friday, July 01, 2016

BOI AXA MF Mid Cap Equity & Debt Fund, Open ended equity fund - New Fund Offer


BOI AXA Mutual Fund (MF) has launched a new fund named as BOI AXA MF Mid Cap Equity & Debt Fund, an open ended equity fund. 

The New Fund Offer price is Rs 10 per unit. The new issue will open for subscription from 29 June to 13 July 2016.

The investment objective of the Scheme is to provide capital appreciation and income distribution to investors from a portfolio constituting of mid cap equity and equity related securities as well as fixed income securities.

The scheme offers regular plan and direct plan. Both regular plan and direct plan offer growth option and dividend option (dividend re-investment & dividend pay-out facilities).

The scheme will invest 65%-80% of assets in equity & equity related instruments with high risk profile and invest 20%-35% in debt and money market securities with low to medium risk profile.

The minimum application amount is Rs. 5,000

The fund seeks to collect a minimum subscription (minimum target) amount of Rs 10 crore under the scheme during the NFO period.

Entry load: Not Applicable

Exit load: 1%, if redeemed within 12 months from the date of allotment.


Benchmark Index for the scheme is a combination of Nifty Midcap 100 Index (70%) and CRISIL Short Term Bond Fund Index (30%).


The fund managers of the scheme are David Pezarkar and Piyush Baranwal.
BOI AXA MF Mid Cap Equity & Debt Fund, Open ended equity fund - New Fund Offer Reviewed by S. Chitra on July 01, 2016 Rating: 5 BOI AXA Mutual Fund (MF) has launched a new fund named as BOI AXA MF Mid Cap Equity & Debt Fund, an open ended equity fund.  The ...

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