Axis Mutual Fund has rolled out a close-ended fixed term debt scheme, MoneyGuru India reports. The Axis Fixed Term Plan – Series 14 (368 days) aims to generate returns through a portfolio of debt and money market instruments that are maturing on or before the maturity of the plan.
The scheme will offer growth and dividend options. The benchmark index for the scheme is the CRISIL Short Term Bond Fund Index and Ninad Deshpande and Sivakumar are its portfolio managers.
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