This scheme is suitable for investors who are looking for an investment option that combines debt with equity to generate regular income along with capital appreciation, while managing risk through asset allocation.
Axis Income Saver will be open for subscription from May 24, 2010 to June 16, 2010. Investors can apply through a lump sum purchase during the NFO, while the SIP and STP options will be available post the NFO period.
The minimum purchase amount for lump sum applications is Rs 5,000 with no restrictions on the maximum amount. The fund will be managed by Ninad Deshpande (fixed income) and Pankaj Murarka (equity).
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