Fund News

Axis Triple Advantage Fund to be changed to Axis Multi Asset Allocation Fund

Last updated: 08-Jul-2024•News Desk

People are hereby informed that, Axis Mutual Fund has decided to to rename its hybrid fund namely

People are hereby informed that, Axis Mutual Fund has decided to to rename its hybrid fund namely, Axis Triple Advantage Fund to Axis Multi Asset Allocation Fund with change in its investment strategy. Consequently, the associated benchmark for the said fund will be changed from "Nifty 50 TRI (65%) + Nifty Composite Debt Index(20%) + INR Price of Gold (15%)" to "Nifty 500 TRI (65%) + Nifty Composite Debt Index (20%) + Domestic Price of Physical Gold (7.5%) + Domestic Price of Physical Silver (7.5%)", with effect from April 27, 2023.

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