Mutual Fund News : BOI AXA MF Launches BOI AXA Multi Cap Fund

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BOI AXA Mutual Fund (MF) has launched an open ended equity scheme - BOI AXA Multi Cap Fund. Following a Multi Cap mandate, the fund aims to invest in stocks across market capitalisation i.e. large cap, mid cap, small cap stocks.

Accordingly, the investment objective of the scheme is to generate long term capital appreciation by investing predominantly in equity and equity-related securities across various market capitalisation. However, there can be no assurance that the investment objectives of the Scheme will be realized.

The scheme’s performance will be benchmarked against S&P BSE 500 – TRI (Total Return Index).

It will be managed by Mr Alok Singh.

The NFO opens for subscription on June 10, 2020 and closes on June 23, 2020. The scheme will reopen for fresh investments on July 01, 2020.

The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The fund offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Dividend Re-investment and Dividend Pay-out facilities).