MFIs/MFDs/RIAs are hereby informed that we have received communication from BOI AXA Mutual Fund regarding Temporary Suspension for Subscription through (Fresh/Additional Purchase & SIP & Switch-In & STP) in BOI AXA Credit Risk Fund schemes on BSE StAR MF Platform from July 01, 2019.
Further, as intimated by BOI AXA AMC, fresh Subscriptions, Switch-in, SIP, STP applications received post cut-off timing of June 28, 2019 shall not be accepted.
As confirm by BOI AXA AMC, the existing SIPs/XSIPs registered on BSE StAR MF Platform in above schemes will not get continue to process at AMC/RTA end. Hence the funds debited from client account for SIP due date on or after July 01, 2019 shall be refunded to the investor.
The notice cum addendum issued by BOI AXA AMC is attached.
Ketan Jantre Zeeta Eustace
Sr. General Manager – Mutual Funds Assistant General Manager – Mutual Funds