Axis Mutual Fund has announced that auto switch facility from Axis Treasury Advantage Fund to Axis Dynamic Bond Fund will be available during the new fund offer period of Axis Dynamic Bond Fund (from April 6, 2011 to 20 April 2011). The investors will be able to invest in Axis Treasury Advantage Fund with an instruction to switch the units to Axis Dynamic Bond Fund on the last day of the new fund offer.
Further, Axis Mutual Fund has also approved the declaration of dividend under dividend option of Axis Fixed Term Plan – Series 1 (384 days) – Retail Option- Quarterly Dividend and Axis Fixed Term Plan – Series 1 (384 days) – Retail Option- Dividend .
The quantum of declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date. The record date is April 5, 2011.