Axis Mutual Fund updates exit load, revised fund name and benchmark across various funds

Investors and stakeholders are advised to take note of these changes as they plan their investment strategies.

Axis Mutual Fund has recently unveiled significant alterations in its fund structures, affecting several schemes. Here's a rundown of the modifications:

1. Exit Load Structure Adjustment for Axis S&P BSE Sensex Index Fund:

Investors in the Axis S&P BSE Sensex Index Fund should take note of a change in the exit load structure. Effective April 5, 2024, the exit load will shift from "Nil" to "0.25 per cent for redemption Within 7 days."

2. Benchmark Revision for Axis Floater Fund:

Axis Mutual Fund has decided to recalibrate the benchmark for its Axis Floater Fund. As of April 3, 2024, the benchmark will transition from "NIFTY Medium to Long Duration Debt Index A-III" to "NIFTY Long Duration Debt Index A-III."

3. Fundamental Changes in Axis Focused 25 Fund:

A series of fundamental adjustments are in store for the Axis Focused 25 Fund. Firstly, the scheme will undergo a name change to "Axis Focused Fund." Moreover, the type of scheme will shift to "An open-ended equity scheme investing in a maximum of 30 stocks across Large-Cap, Mid-Cap, and Small-Cap companies." These revisions are scheduled to take effect from May 16, 2024.

Investors and stakeholders are advised to take note of these changes as they plan their investment strategies.

Top 5 Mutual Fund Schemes of Axis Mutual fund AUM wise:

Data as of April 4, 2024.

Disclaimer: The article is for informational purposes only and not investment advice.