BOI AXA launched a new fund offer in equity category

BOI AXA Mutual Fund
Scheme Name BOI AXA Multi Cap Fund
Objective of Scheme 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 capitalization. However, there can be no assurance that the investment objectives of the Scheme will be realized.
Scheme Type Open Ended
Scheme Category Equity Scheme – Multi Cap Fund
New Fund Launch Date 10-Jun-2020
New Fund Earliest Closure Date 23-Jun-2020
New Fund Offer Closure Date 23-Jun-2020
Indicate Load Separately Entry Load – NA Exit Load – Nil
Minimum Subscription Amount Rs. 5,000/-
For Further Details Please Visit Website

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Mutual Funds Based on Asset Class

Equity Fund or Stock Fund: is a fund that invests in stocks, also called equity securities.Stock funds can be contrasted with bond funds and money funds. Fund assets are typically mainly in stock, with some amount of cash, which is generally quite small, as opposed to bonds, notes, or other securities. This may be a mutual fund or exchange-traded fund. The objective of an equity fund is long-term growth through capital gains, although historically dividends have also been an important source of total return. Specific equity funds may focus on a certain sector of the market or may be geared toward a certain level of risk.

Mutual Funds Based on Structure

Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.

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