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Axis Mutual Fund introduces Dividend Sweep Option

Axis Mutual Fund introduced Dividend Sweep Option for all the schemes barring the Axis Gold ETF. Following funds can be the source or target schemes to avail the facility.

Axis Liquid Fund
Axis Treasury Advantage Fund
Axis Banking Debt Fund
Axis Equity Fund
Axis Long Term Equity Fund
Axis Midcap Fund
Axis Focused 25 Fund
Axis Triple Advantage Fund
Axis Income Saver
Axis Gold Fund
Axis Dynamic Bond Fund
Axis Income Fund
Axis Constant Maturity 10 Year Fund

The Minimum Application Amount specified for the respective Target Scheme will not be applicable under the DSO facility. However, the minimum dividend to be transferred has to be Rs 1,000. In case the dividend sweep is less than Rs 1,000, it will be re-invested in the source scheme.