Change in the fundamental attributes of Axis All Seasons Debt Fund of Funds

Axis Mutual Fund has announced changes in the fundamental attributes of Axis All Seasons Debt Fund of Funds, effective from February 14, 2025.

• The scheme name will change from 'Axis All Seasons Debt Fund of Funds' to 'Axis Income Advantage Fund of Funds'.
  
• The revised investment objective is to focus on generating optimal returns over the medium term through investments in debt-oriented mutual funds and arbitrage funds. Currently, the fund focuses on only debt funds.
  
• As per the updated asset allocation, the fund will now invest 50-100 per cent of its assets in the units of debt-oriented mutual funds and up to 45 per cent in units of arbitrage funds.
  
• The scheme benchmark will change from 'NIFTY Composite Debt Index' to '65% NIFTY Composite Debt Index +35% Nifty 50 Arbitrage TRI'
  
• Karthik Kumar will join the existing fund managers - Devang Shah, Hardik Shah and Anagha Darade to co-manage the scheme.
  

As per the regulatory requirements, unitholders have been given a 30-day exit window from January 15, 2025 to February 13, 2025. Investors who do not consent to these changes have an option to either switch or redeem their investments without paying any exit load during this period. No action is required to be taken by investors who don't have any objection to the proposed change.