Dear Investor, We wish to inform you about an addendum issued for Axis All Seasons Debt Fund of Funds detailing significant changes to the scheme’s features, effective February 14, 2025.
Key Changes in the Scheme:
- Scheme Name Change:
- Old Name: Axis All Seasons Debt Fund of Funds
- New Name: Axis Income Advantage Fund of Funds
- Investment Strategy Update:
- The scheme will now invest in debt-oriented mutual funds and arbitrage funds, which may impact the scheme’s Risk-o-Meter.
- Revised Asset Allocation:
- Debt Mutual Funds: 50% – 100%
- Arbitrage Funds: 0% – 45%
- Money Market Instruments: 0% – 5%
- Benchmark Change:
- Old Benchmark: NIFTY Composite Debt Index
- New Benchmark: 65% NIFTY Composite Debt Index + 35% Nifty 50 Arbitrage TRI
Exit Option for Existing Investors
Investors who do not wish to continue with the revised scheme can exit between January 15, 2025, and February 13, 2025, without incurring any exit load.
- You can redeem or switch units via official acceptance points, investor service centers, or Demat providers.
- Note: Tax implications may apply. NRIs will be subject to TDS as per applicable tax laws.
For more details, please read the addendum
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