India, April 16 -- Axis Mutual Fund has launched a new Closed Ended Growth scheme named "Axis Fixed Term Plan - Series 106" with maturity period of 1124 days from the launch date.

The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Apr 26 to May 06, 2019.

According to the offer document filed with SEBI, the entry and exit load is Nil.

The minimum application amount is Rs 5,000.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Dividend, Growth.

The fund manager of the scheme will be Devang Shah, while the performance of the scheme will be benchmarked against NIFTY Composite Debt Index.

The Scheme will endeavour to generate returns throu...