Axis Mutual Fund launches Axis Gold ETF

Company Brief

Chennai, October 20, 2010

Axis Mutual Fund today announced the launch of Axis Gold ETF, an open ended Gold Exchange Traded Fund. The scheme offers investors the opportunity to invest in Gold without actually bearing the risk of storage and safekeeping. Investors will get 99.5% purity at prevailing market prices.

During the NFO, retail investors can use the application form to buy for Rs 5,000 or more. Post the NFO period units of the scheme will be listed on the National Stock Exchange and can be traded like equity shares.

The investment objective of the Scheme is to generate returns that are in line with the performance of gold. Domestic price of gold will be the benchmark for the scheme. NFO period is 20th October 2010 to 3rd November 2010.

Mr. Rajiv Anand, MD & CEO, Axis AMC while speaking about Axis Gold ETF said, "We endeavour to offer the entire spectrum of products to our investors to choose from. We have tried to gradually add to our bouquet of products ranging from fixed income, equity, hybrid and now gold. Axis Gold ETF is an effective investment instrument to diversify the portfolio."

There is no entry load or exit load on the scheme.

For further information, please contact:

Index PR

David Francis

Mobile: +919884052528