BOI AXA Mutual Fund changes fundamental attributes of BOI AXA Corporate Credit Spectrum Fund
Feb 27 2018
News Category: AMC Specific Updates
BOI AXA Mutual Fund has decided to change the fundamental attributes of BOI AXA Corporate Credit Spectrum Fund. Accordingly, it will be renamed as BOI AXA Credit Risk Fund and will be considered as an open ended debt scheme predominantly investing in AA and below rated corporate bonds (excluding AA+ rated corporate bonds) rather than an open ended Income scheme. The benchmark index will also be changed to Crisil Short Term Bond Fund Index instead of Crisil Composite Bond Fund Index. The change will become effective from Apr 11, 2018.