New large cap fund offer from BOI AXA

BOI AXA Mutual Fund
Scheme Name BOI AXA BlueChip Fund
Objective of Scheme The investment objective of the scheme is to provide investors with the opportunities long term capital appreciation by investing predominantly in equity and equity-related instruments of large cap companies. However, there can be no assurance that the income can be generated, regular or otherwise, or the Investment Objective of the scheme will be realized.
Scheme Type Open Ended
Scheme Category Equity Scheme – Large Cap Fund
New Fund Launch Date 08-Jun-2021
New Fund Earliest Closure Date 22-Jun-2021
New Fund Offer Closure Date 22-Jun-2021
Minimum Subscription Amount Rs.5,000/-
For Further Details Please Visit Website

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Mutual Funds Based on Asset Class

Large Cap Fund: Large cap funds are those funds which invest a larger proportion of their corpus in companies with large market capitalization. Large cap funds are known to offer stable and sustainable returns over a period of time and have higher risk exposure also. According to SEBI, large-cap companies fall in the top 100 of the lists of companies.

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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