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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