Axis Liquid Fund Retail Dividend Monthly is a Debt Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 09 Mar 2010. Devang Shah, Aditya Pagaria is the Current Fund Manager of Axis Liquid Fund Retail Dividend Monthly.The fund currently has an Asset Under Management(AUM) of ₹24,004 Cr and the Latest NAV as of 16 Oct 2019 is ₹1003.62.
The Axis Liquid Fund Retail Dividend Monthly is rated Low risk. Minimum SIP Investment is 500. Minimum Lumpsum Investment is 5000. Nil.
Investment Objective
To provide a high level of liquidity with reasonable returns commensurating with low risk through a portfolio of money market and debt securities. However, there can be no assurance that the investment objective of the scheme will be achieved.
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
₹1000
Min for Second Investment