Bharti AXA introduces changes in ‘Liq-uity’
Bharti AXA Investment Managers, a joint venture between Bharti Ventures Ltd, AXA Investment Managers and AXA Asia Pacific Holdings announced a change in their new initiative - ‘Liq-uity’.
By ET Bureau |
MUMBAI: Bharti AXA Investment Managers, a joint venture between Bharti Ventures Ltd, AXA Investment Managers and AXA Asia Pacific Holdings announced a change in their new initiative ��� ���Liq-uity���, a product offering wherein the daily dividend in Bharti AXA Liquid Fund (BALF) or Bharti AXA Treasury Advantage Fund (BATrAF) is transferred to Bharti AXA Equity Fund (BAEF) on a daily basis.
The minimum investment amount has now been reduced to Rs 1 Lakh from Rs 10 Lakh for regular plan. This move aims to make ���Liq-uity��� more inclusive, thereby attracting more retail investors.
Gains earned under BALF / BATrAF are transferred to BAEF, while the initial capital remains invested in BALF / BATrAF. There is no entry load for transfers into the BAEF from BALF / BATrAF. However, an exit load of 1% is levied if units are redeemed within one year from the date of allotment. There is no entry or exit load for investments in BALF / BATrAF.Bharti AXA introduces changes in ���Liq-uity���
The minimum investment amount has now been reduced to Rs 1 Lakh from Rs 10 Lakh for regular plan. This move aims to make ���Liq-uity��� more inclusive, thereby attracting more retail investors.
Gains earned under BALF / BATrAF are transferred to BAEF, while the initial capital remains invested in BALF / BATrAF. There is no entry load for transfers into the BAEF from BALF / BATrAF. However, an exit load of 1% is levied if units are redeemed within one year from the date of allotment. There is no entry or exit load for investments in BALF / BATrAF.Bharti AXA introduces changes in ���Liq-uity���
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