Axis Mutual Fund on Thursday, January 18, launched the Fixed Term Plan – Series 120 (91 Days). The new fund offer (NFO), falling under the income category and characterised as a close-ended plan, will be available till January 23, 2024. The primary goal of the scheme is to deliver returns by investing in a diversified mix of debt and money market instruments.However, there is no assurance that the investment objective of the scheme will be achieved, Axis Mutual Fund said.With a tenure of 91 days from the date of allotment, the scheme’s liquidity feature allows units to be listed on the stock exchange(s) but cannot be directly redeemed until the maturity date.Asset allocationUnder normal…
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Axis Mutual Fund launches fixed term plan with 91 days tenure: Should you consider investing?
