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Axis Mutual Fund Launches New Income Fund

Axis Mutual Fund has launched a new fund named as Axis Income Fund, an open-ended income scheme, on March 9, 2012.

The investment objective of the scheme is to generate optimal returns in the medium term while maintaining liquidity of the portfolio by investing in debt and money market instruments.

The new issue closes on March 21. The minimum investment amount is Rs 5000.

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