Axis Triple Advantage Fund (An open ended hybrid Fund)

(GOLD     |       EQUITY       |           FIXED INCOME )

Axis Mutual Fund launched a new fund Axis Triple Advantage Fund consisting of Equity & Equity related instruments (30% - 40%), Debt & Money Market instruments (30% - 40%) and   Gold Exchange Traded Fund (20% - 30%).  Since this is a new blend of investment of three different category , thus this scheme cannot be compared with any other existing scheme. However, the fund house has set the benchmark as composit benchmark consisting of S & P CNX Nifty (35%), Crisil Composit Bond fund index (35%) and INR price of Gold (30%).

NFO Summary

• NFO Start Date: 30-June-2010
• NFO Close Date: 29-July-2010
• Scheme Re-opens for continuous sale/repurchase: 28-August, 2010
• Scheme Category: Gold ETF, Equity & Debt/Money Market instruments
  
• Scheme Type: Open Ended
• Entry Load: Nil
• Exit Load: 1% if redeemed/switchedout within 1 year from date of allotment
• Offer Price: Rs. 10.00
• Minimum Subscription: Rs. 5,000.00 and additional in multiple of  Rs 1/- thereafter.
• NRI/FII can apply
• Plan/Option: Growth& Dividend ( Payout & Reinvestment)
• Download Application Form

Today, Birla Sunlife Mutual Fund will give away dividend in 5 of its equity schemes.

Record date of all is 23-Sep-2009

Birla Sun Life Advantage Fund - 75% - Rs. 7.50 per unit

Birla Sun Life MNC Fund - 70% - Rs. 7.00 per unit

Birla Sun Life India Opprtunities Fund - 20% - Rs. 2.00 per unit

Birla Sun Life Buy India Fund - 20% - Rs. 2.00 per unit

Birla Sun Life New Millenium Fund - 10% - Re. 1.00 per unit
Enjoy the raining dividends!