Axis MF introduces SWP Facility under various schemes

Axis Mutual Fund has announced the introduction of Systematic Withdrawal Plan (SWP) under Axis Equity Fund, Axis Income Saver and Axis Triple Advantage Fund. The facility will be available with effect from July 21, 2010 for Axis Equity Fund and Axis Income Saver and August 28, 2010 for Axis Triple Advantage Fund.

There are many key features for this facility. The minimum value of SWP is Rs 1,000 for monthly and quarterly option. The additional amount is in multiples of Re 1. Further, minimum number of SWP is six for monthly option and four for quarterly option. Also, Contingent Deferred Sales Charge (CDSC) / exit load, if any, is applicable to SWP.

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Tags: Axis Mutual Fund, Mutual Fund

Category: Mutualfund News