Press release from Business Wire India
Source: BOI AXA Investment Managers Private Limited
Thursday, March 07, 2013 11:27 AM IST (05:57 AM GMT)
Editors: General: Consumer interest; Business: Advertising, PR & marketing, Banking & financial services, Business services, Financial Analyst, Major diversified industrial groups, Stock exchanges
BOI AXA Investment Managers Launch BOI AXA Fixed Maturity Plan – Series 1 (386 days)
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 documents carefully.
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 Management Industry.
Jovan Fernandes, Senior Manager – Marketing, BOI AXA Investment Managers Private Limited, +91 9833581392 / +91 (22) 40479006, [email protected]
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