Axis Mutual Fund has announced the launch of Axis Income Plus Arbitrage Passive Fund of Fund (FOF), an open-ended scheme that will invest in passive debt-oriented mutual fund schemes and arbitrage funds.

The New Fund Offer (NFO) will be open for subscription from October 28 to November 11.

The scheme will be benchmarked against a composite index of 65% NIFTY Short Duration Debt Index and 35% Nifty 50 Arbitrage TRI.

According to the fund house, the scheme will allocate 50–65% of its portfolio to passive debt-oriented mutual fund schemes and 35–50% to arbitrage funds, with up to 5% in money market instruments.

The fund will be managed by Devang Shah, Aditya Pagaria, Hardik Satra, and Karthik Kumar. The minimum investment amount is ₹100, and there is no exit load.

The fund’s structure

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