Axis Mutual Fund has announced introduction of Flex - Systematic Investment Plan/ Systematic Transfer Plan ("Flex SIP/ Flex STP") facilities in all the existing open ended schemes, with effect from October 09, 2014.
Flexi-SIP Facility
| Frequency | Minimum Installments | Minimum Amount* |
| Monthly | 12# | ₹1,000/- and in multiple of ₹1/- |
| Yearly | 3 | ₹12,000/- and in multiple of ₹1/- |
| For Axis Long Term Equity Fund: * Minimum Investment of ₹500/- and thereafter in multiples of ₹500 under monthly frequency, Minimum Investment of ₹6,000/- and thereafter in multiples of ₹500/- under Yearly frequency. # 6 for Axis Long Term Equity Fund | ||
Flexi-STP Facility
| Frequency | Minimum Installments | Minimum Amount* |
| Monthly | 6 | ₹1,000/- and in multiple of ₹1/- |
| Quarterly | 2 | ₹3,000/- and in multiple of ₹1/- |
| *For Axis Long Term Equity Fund: Minimum Investment of ₹500/- and thereafter in multiples of ₹500/- for all frequencies | ||
The Flexi-STP dates will be 1st, 7th, 10th, 15th or 25th of the respective months/quarters.
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