Axis Regular Saver Fund Direct Growth is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 04 Jan 2013. Devang Shah, Ashish Naik is the Current Fund Manager of Axis Regular Saver Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹221 Cr and the Latest NAV as of 11 Oct 2019 is ₹20.75.
The Axis Regular Saver Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is 1000. Minimum Lumpsum Investment is 5000. For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months.
Investment Objective
The scheme seeks to generate regular income through investments in debt & money market instruments, along with capital appreciation through limited exposure to equity and equity related instruments. It also aims to manage risk thorough active asset allocation.
Tax Implications
Returns are taxed as per your Income Tax slab, if sold before 3 years. Negligible Tax (20% with indexation benefit) post 3 years.
Scheme Information Document(SID)
₹5000
Min for First Investment
₹100
Min for Second Investment
For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months
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