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.