BOI AXA Mutual Fund introduces Fixed Maturity Plan - Series 14

BOI AXA Mutual Fund has launched the New Fund Offer (NFO) of BOI AXA Fixed Maturity Plan - Series 14, a close ended income scheme. The NFO opens for subscription on Apr 15, 2014 and closes on Apr 22, 2014. No entry load or exit load will be applicable for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter. The scheme’s performance will be benchmarked against CRISIL Short Term Bond Fund Index and its fund manager is Alok Singh. The investment objective of the scheme is to generate income by investing in a portfolio of fixed income and moneymarket instruments maturing on or before the maturity date of the Scheme.