Bharti AXA to launch its two fixed income funds on July 9


Bharti AXA Investment Managers will launch its two fixed income funds christened, Bharti AXA Liquid Fund and Bharti AXA Treasury Plus on July 9, 2008.

The funds will be open for initial subscription till July 14.

This is the first offering from Bharti AXA, which is a joint venture between AXA Investment Managers, AXA Asia Pacific Holdings, and Bharti Ventures.

Bharti AXA Treasury Plus does not have an entry load but an exit load of 0.25 per cent if the investment is redeemed within seven days of allotment. While Bharti AXA Liquid Fund has neither entry load nor exit load.

The minimum investment for retail / individual investors is Rs 5,000 and for institutional investors, it is Rs 1 crore. The face value of each unit will be Rs 1,000 during the NFO.

The investors can choose between growth and dividend reinvestment options both having daily, weekly and monthly frequencies.

Both the funds are benchmarked to Index CRISIL Liquid Fund Index.