Jul 05, 2013, 10.40 PM IST | Source: PTI

Axis Mutual Fund launches new scheme

Axis Mutual Fund on Friday launched a new fund that largely invests in fixed income instruments and a portion in equity and equity-related products.

Axis Mutual Fund launches new scheme
Axis Mutual Fund on Friday launched a new fund that largely invests in fixed income instruments and a portion in equity and equity-related products.

Also Read: Mutual Funds gain on market recovery

Axis Hybrid Fund-Series 5 is a close-ended offering, having a  combination of debt and equity. It is attractive to first time and conservative investors, the mutual fund company said in a release.

The new fund offer, under which the minimum investment amount is Rs 5,000, will close on July 19, it added.

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