Axis Income Plus Arbitrage Active FOF Fund Direct Growth

Axis Income Plus Arbitrage Active FOF Fund Direct Growth is a hybrid fund. This fund was started on 28 January, 2020. The fund is managed by Hardik Shah, Devang Shah. This fund gives you the benefit of diversification.

1. Axis Income Plus Arbitrage Active FOF Fund Direct Growth has ₹383 Cr worth of assets under management (AUM) as on Dec 1969 and is more than category average.
2. The fund has an expense ratio 0.1.
   

Axis Income Plus Arbitrage Active FOF Fund Direct Growth has given a CAGR return of 7.38% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 9.57%, 8.40% and 7.07% respectively.

Axis Income Plus Arbitrage Active FOF Fund Direct Growth has allocated its funds majorly in Corporate, Financial Services, Cash Equivalent, Government, Basic Materials, Tech, Industrial, Consumer Cyclical, Energy, Consumer Defensive, Health, Utilities, Communication, Real Estate.

As it is a fund of funds mutual fund the taxation is as follows:
If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments:
For short term (less than a year) capital gains will be taxed at 20%
For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefit
Long term gains up to Rs 1 lakh are exempt from taxation (more than 12 months).

To generate optimal returns over medium term by investing primarily in debt oriented mutual fund schemes and arbitrage funds.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Income Plus Arbitrage Active FOF Fund Direct Growth has no lock in period.