Axis Mutual Fund introduces Flex - Systematic Investment Plan / Systematic Transfer Plan

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Axis Mutual Fund introduces Flex - Systematic Investment Plan / Systematic Transfer Plan

 

Axis Mutual Fund has announced introduction of Flex - Systematic Investment Plan/ Systematic Transfer Plan ('Flex SIP/ Flex STP') facilities in all the existing open ended schemes, with effect from October 09, 2014.

Flex-SIP Facility

Frequency		Minimum Instalments		Minimum Amount*
Monthly		12#		R1,000/- and in multiple of R1/-
Yearly		3		R12,000/- and in multiple of R1/-
For Axis Long Term Equity Fund: * Minimum Investment of R500/- and thereafter in multiples of R500 under monthly frequency, Minimum Investment of R6,000/- and thereafter in multiples of R500/- under Yearly frequency. # 6 for Axis Long Term Equity Fund

Flex-STP Facility

Frequency		Minimum Instalments		Minimum Amount*
Monthly		6		R1,000/- and in multiple of R1/-
Quarterly		2		R3,000/- and in multiple of R1/-
*For Axis Long Term Equity Fund: Minimum Investment of R500/- and thereafter in multiples of R500/- for all frequencies

 

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