Mutual Fund News : Axis Mutual Fund files offer document for Greater China Equity Fund

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Axis Mutual Fund has filed offer document with SEBI to launch an open ended fund scheme named ‘Axis Greater China Equity Fund'. 

The investment objective of the scheme is to provide long term capital appreciation by predominantly investing in units of Schroder International Selection Fund Greater China, a fund that aims to provide capital growth by investing in equity and equity related securities of People's Republic of China, Hong Kong SAR and Taiwan companies. The Scheme may also invest a part of its corpus in debt, money market instruments and or units of liquid schemes in order to meet liquidity requirements from time to time.

The performance of the scheme will be benchmarked against MSCI Golden Dragon Index (in INR Terms). 

The New Fund Offer price is Rs 10 per unit, and the minimum application amount for initial purchase is Rs 5000 and in multiples of Re 1 thereafter. 

The scheme offers growth and dividend options and seeks to collect a Minimum Target Amount of Rs 10 crore.