Axis Asset Management Company Ltd. (Axis AMC) announced a tax-free dividend (No dividend distribution tax) of Rs 1$ per unit on a face value of Rs 10 per unit under Axis Equity Fund. Pursuant to payment of dividend, the NAV of the Dividend Option of Axis Equity Fund would fall to the extent of payout and statutory levy, if any. The NAV per unit of Axis Equity Fund as on March 10, 2014 was Rs. 12.75 (Axis Equity Fund - Direct Plan – Dividend) & 12.64 (Axis Equity Fund - Dividend). The record date for the dividend is March 17, 2014#. Axis Equity Fund is an open ended growth scheme that was launched on Nov 11, 2014. It is currently being managed by Mr Pankaj Murarka.
Mr. Pankaj Murarka, Head – Equity, Axis AMC and fund manager of the scheme said, “Axis Equity fund has endeavoured to generate returns even in volatile markets, we have a risk process to understand valued business and we then manage risk in our portfolio, It is always easy to get a few percentage point higher returns by taking significantly higher risks. But it may not be in the best interest of investors. So our focus is not absolute returns, but risk-adjusted returns. That’s how investors should see returns.”
The investment objective of Axis Equity Fund is to achieve long term capital appreciation by investing in a diversified portfolio predominantly consisting of equity and equity related securities including derivatives. However, there can be no assurance that the investment objective of the Scheme will be achieved.
All Unit holders registered under the dividend option of Axis Equity Fund as on the record date will be eligible for this dividend. Investors may note that declaration of dividend is subject to availability of distributable surplus.
#Or the immediately following Business Day if that day is not a Business Day. $As reduced by the amount of applicable statutory levy, if any.
| This product is suitable for investors who are seeking*: |
- capital appreciation over long term
- investment in a diversified portfolio predominantly consisting of equity and equity related instruments
- high risk. ... (BROWN)
|
* In
ve
stors shou
ld consult t
heir f
inancial advi
sers if
in doubt about whe
th
er t
he prod
uct is sui
table
for them.
Note: Risk may be represented as: | | (BLUE) investors understand that their principal will be at low risk | | (YELLOW) investors understand that their principal will be at medium risk | | (BROWN) investors understand that their principal will be at high risk |
About Axis AMC* Axis AMC launched its first scheme in October 2009
and within a short span has increa
sed i
ts investor base to over
5.5 Lac investors. It currently has a portfolio
of 41 schemes across asset
classes. Axis AMC is a joint venture between Axis Bank- I
ndia’s third largest private sector bank-
and Schroders - UK’s largest asset manager.
For more information, please visit http://www.axismf.com/ *As on February, 2014 Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, spo
nsored by Axis Bank Ltd. (liability restr
icted to Rs. 1 Lakh).
Trustee: Axis Mutual Fund Trus
tee Ltd.
Investment Manager: Axis Asset Management Co. Ltd. (the A
MC).
Risk Factors: The sponsor is not liable
or responsible for any loss
or shortfall resulting from the ope
ration
of the scheme.
Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.
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