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Monday, October 3, 2016

Axis Liquid Fund Changes

Axis Mutual Fund has changed the minimum application amount for Subscription, Redemption and Switches in Axis Liquid Fund with effect from October 3, 2016 as follows:


ParticularsRevised Provisions
Minimum amount for purchase/switch-inGrowth option: Rs 500 and in multiples of Re.1/- thereafter; All other options:Rs 5000 and in multiples of Rs 1/- thereafter
Minimum Additional Purchase AmountGrowth option: Rs 500 and in multiples of Rs 1/- thereafter; All other options: Rs.1000 and in multiples of Rs 1/- thereafter
Minimum Amount for Redemption/ Switch-outGrowth Option: Rs 500 or 1 unit in respect of each option whichever is lower; All other Options: Rs 1000 or 1 unit in respect of each option whichever is lower


The Fund House has also made available to the investors SIP Top-Up Facility with effect from October 3, 2016.

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