AXIS Equity Advantage Fund – Series 1 is a close-ended equity scheme which helps investors in getting their capital appreciated over medium to long term. However, investors should understand that their principal will be at a moderately high risk.
Investments will be done in a diversified portfolio of predominantly equity and equity-related instruments across market cap while managing the risk through active hedging strategies.
Here are a few things you should know before investing in the particular scheme:
New Fund Offer time period
The NFO opened on May 5, 2017, and closes on May 19, 2017.
To generate capital appreciation over the medium to long term from a diversified portfolio of predominantly equity & equity-related instruments. It also aims to manage risk through the use of active hedging techniques. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved. The scheme does not assure or guarantee any returns.
Under normal circumstances, the asset allocation pattern will be:
- The scheme may invest in derivatives instruments to the extent of 80% of the Net Assets.
- Investment in securitized debt (excluding foreign securitized debt), if undertaken, would not exceed 20% of the net assets of the scheme.
- The cumulative gross exposure through equity, debt and derivative positions shall not exceed 100% of the net assets of the scheme.
Liquidity of the Scheme
The units of the scheme cannot be redeemed by the unit holder directly with the fund until the maturity date. The scheme will mature under any one of the following 2 scenarios, whichever occurs first:-
1590 days from the date of allotment (including date of allotment) or
the 10th business day from the day on which NAV of the regular plan of the scheme crosses Rs.20 (Trigger/ Trigger level).
The units of the scheme will be listed on the capital market segment of the BSE or any other Stock Exchange. Therefore, unitholders can purchase or sell units on a continuous basis on BSE or any other Stock Exchange on which the units are listed.
There is no entry load and no exit load applicable under such scheme.
Minimum Application Charges
The MAC will be Rs 5000, which can be increased in multiples of Re 1 thereafter.
The benchmark of the scheme will be Nifty 50 Index (75%) + CRISIL Composite Bond Fund Index (25%).
It is, however, to be noted that one should consult one’s financial adviser before investing in such a fund. Moreover, one must link one’s investments to one’s financial goals of life.