AXIS MUTUAL FUND
Axis mutual fund is backed by Axis Bank. Earlier it was known as Unit Trust of India. ... Axis Bank Mutual Fundgives the full credits of its success story to the three pillars of its strength - long-term generation of wealth, outstanding in customers' view, and long-term relationships with their customers.By Structure
- Open Ended – These are schemes that do not have a fixed maturity. The Mutual Fund ensures liquidity by announcing sale and repurchase price for the unit of an open-ended fund.
- Closed Ended – These are schemes that have a fixed maturity. The money of the investor is locked in for the period. Occasionally, closed-end schemes provide a re-purchase option to the investors, either for a specified period or after a specified period. Liquidity in these schemes is provided through listing in a stock market.