Axis Mutual launches income fund

Axis Mutual Fund has launched a new open ended debt scheme called Axis Income Fund.

The face value of the scheme is Rs.10 per unit.

The investment objective of the scheme is to generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments. The performance of the scheme will be benchmarked against CRISIL Composite Bond Fund index and will be managed by Mr. Sivakumar and Mr. Ninad Deshpande.

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