Bharti AXA removes exit load in its equity schemes
The three funds rae: Bharti AXA Equity Fund, Bharti AXA Focused Infrastructure Fund and Bharti AXA Tax Advantage Fund.
By Agencies |
MUMBAI: Bharti AXA Investment Managers, a joint venture between Bharti Ventures Ltd, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH), through its wholly owned subsidiary National Mutual International Pty. Limited) has announced the removal of exit loads for its regular equity growth schemes. These are three funds---Bharti AXA Equity Fund, Bharti AXA Focused Infrastructure Fund and Bharti AXA Tax Advantage Fund*, which will not have any exit load with effect from September 1, 2010.
This “Innovative” initiative from the fund house offers the investor the ‘Power of Choice’ to invest at his convenience. With the current volatility in the equity segment, investors would want to have the power to exit any time they wish, albeit keeping in mind the long term growth prospective. No exit load will provide them the comfort of letting them exit whenever they choose. This would help small investors to take the next step towards starting SIP (systematic investment plan) in Bharti AXA Equity Fund, Bharti AXA Tax Advantage Fund and Bharti AXA Focused Infrastructure Fund.
Mr. Sandeep Dasgupta, CEO, Bharti AXA Investment Managers said, “This conscious decision of removing exit load has been taken with a view of empowering the investor and differentiating our equity funds”.
This “Innovative” initiative from the fund house offers the investor the ‘Power of Choice’ to invest at his convenience. With the current volatility in the equity segment, investors would want to have the power to exit any time they wish, albeit keeping in mind the long term growth prospective. No exit load will provide them the comfort of letting them exit whenever they choose. This would help small investors to take the next step towards starting SIP (systematic investment plan) in Bharti AXA Equity Fund, Bharti AXA Tax Advantage Fund and Bharti AXA Focused Infrastructure Fund.
Mr. Sandeep Dasgupta, CEO, Bharti AXA Investment Managers said, “This conscious decision of removing exit load has been taken with a view of empowering the investor and differentiating our equity funds”.
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