Existing investors in Axis Long Term Equity Fund can avail Systematic Withdrawal Plan (SWP) facility on pre-specified dates after 3 years from the date of investment. The facility will be effective from September 5, 2013.
The fund house also changed the fund managers of two its schemes, effective September 2, 2013.
Axis Income Saver Fund
New: R Sivakumar, Jinesh Gopani
Old: R Sivakumar, Pankaj Murarka
Axis Focused 25 Fund
New: Sudhanshu Asthana
Old: Pankaj Murarka