Mumbai, Maharashtra, India, Thursday, March 07, 2013 -- (Business Wire India)
BOI AXA Investment Managers has announced the launch of the BOI AXA Fixed
Maturity Plan (FMP) – Series 1, a close-ended income scheme. The New Fund
Offer opens for subscription on Friday, March 8, 2013 and closes on Tuesday,
March 12, 2013.
The benchmark of the Scheme is the CRISIL Short Term Bond Fund Index, the
duration of the scheme is 386 days, and its investment objective is to generate
income by investing in a portfolio of fixed income and money market instruments
maturing on or before the maturity date of the Scheme.
BOI AXA FMP – Series 1 (386 days) has a minimum application amount of Rs.
5000/- and in multiples of Rs. 1/- thereafter. The Scheme offers Regular Plan
and Direct Plan with Growth and Dividend Pay-out Option.
The Units of the Scheme will be listed on National Stock Exchange of India Ltd.
('NSE'). During the currency of the Scheme, Unitholders / Investors can buy /
sell Units on NSE where Units will be listed.
Mutual Fund investments are subject to market risks, read all scheme related
It is to be distinctly understood that the permission given by National Stock
Exchange Ltd. should not in any way be deemed or construed that the Scheme
Information Document has been cleared or approved by National Stock Exchange
Ltd. nor does it certify the correctness or completeness of any of the contents
of the Scheme Information Document. The investors are advised to refer to the
Scheme Information Document for the full text of the 'Disclaimer Clause of
National Stock Exchange Ltd.'.
Notes to Editors
About BOI AXA Investment Managers Private Limited
BOI AXA Investment Managers Private Limited is a joint venture between the AXA
Group and the Bank of India. The partnership brings together AXA's global
expertise in the financial protection business and Bank of India's scale and
experience in the Indian market. BOI AXA Investment Managers benefits from the
integration of high quality specialization, massive network, significant
capacities and strong global business reach. BOI AXA Investment Managers is
headquartered in Mumbai, with its presence in 12 locations across India. On the
strength of global best practices and advised by leaders in financial
protection, the organization aims to be a dominant player in the Indian Asset
Media contact details
Jovan Fernandes, Senior Manager – Marketing,
BOI AXA Investment Managers Private Limited,
+91 9833581392 / +91 (22) 40479006,
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-0- Mar/07/2013 10:53 GMT
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