Members are hereby informed that we have received communication from Axis Mutual Fund regarding change in fundamental Attributes of Axis Focused 25 Fund on BSE StAR MF platform with effect from May 16, 2024.
As per notice cum addendum issued by Axis Mutual Fund, scheme name changes will be done from AXIS FOCUSED 25 FUND to AXIS FOCUSED FUND on BSE StAR MF platform with effect from May 16, 2024.
Further, as per the communication received from Axis Mutual Fund investor who are not in favour of the change in fundamental Attributes of scheme can redeem their investments or switch to other schemes of Axis Mutual Fund available for subscription without payment of exit load within from April 16, 2024, to May 15, 2024 (both days inclusive) on BSE StAR MF platform.
As confirm by Axis AMC, fresh/new units allotted at AMC/RTA end under Axis Focused 25 Fund during the exit option period and redeemed by clients within exit load free period i.e. April 16, 2024, to May 15, 2024, then applicable load will be charged from AMC end.
The notice cum addendum issued by Axis AMC is attached.
Ketan Jantre Zeeta Eustace
Chief General Manager – Mutual Funds Additional General Manager – Mutual Funds
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