{"id":32011,"date":"2025-05-08T16:47:56","date_gmt":"2025-05-08T11:17:56","guid":{"rendered":"https:\/\/www.fundsindia.com\/blog\/?p=32011"},"modified":"2025-05-08T16:47:56","modified_gmt":"2025-05-08T11:17:56","slug":"scheme-name-category-update-axis-income-plus-arbitrage-active-fof","status":"publish","type":"post","link":"https:\/\/www.fundsindia.com\/blog\/bulletin\/scheme-name-category-update-axis-income-plus-arbitrage-active-fof\/32011","title":{"rendered":"Scheme Name &#038; Category Update \u2013 Axis Income Plus Arbitrage Active FOF"},"content":{"rendered":"\n<p><strong>Scheme Name &amp; Category Update \u2013 Axis Income Plus Arbitrage Active FOF<\/strong><\/p>\n\n\n\n<p><strong>Dear Investors,<\/strong><\/p>\n\n\n\n<p>Please note that <strong>Axis Asset Management Company<\/strong> has issued an official addendum dated <strong>May 5, 2025<\/strong>, in accordance with SEBI\u2019s latest framework for Fund of Funds (FoF) with multiple underlying schemes.<\/p>\n\n\n\n<p>Effective <strong>May 9, 2025<\/strong>, the following key updates have been made:<\/p>\n\n\n\n<h3><strong>Scheme Name Change<\/strong><\/h3>\n\n\n\n<ul><li><strong>Old Name<\/strong>: Axis Income Advantage Fund of Funds<\/li><\/ul>\n\n\n\n<p><strong>New Name<\/strong>: Axis Income Plus Arbitrage Active FOF<\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3><strong>Scheme Reclassification<\/strong><\/h3>\n\n\n\n<ul><li><strong>Category<\/strong>: Hybrid Fund of Fund (FoF)<\/li><li><strong>Sub-category<\/strong>: Income Plus Arbitrage FOF<\/li><li><strong>Option Type<\/strong>: Active<\/li><\/ul>\n\n\n\n<h3><strong>Revised Asset Allocation<\/strong><\/h3>\n\n\n\n<ul><li><strong>Debt-oriented mutual funds<\/strong>: <strong>50% \u2013 65%<\/strong><\/li><li><strong>Arbitrage fund units<\/strong>: <strong>35% \u2013 50%<\/strong><\/li><li><strong>Money market instruments<\/strong>: <strong>0% \u2013 5%<\/strong><\/li><\/ul>\n\n\n\n<p>These changes have been approved by the AMC and align with <strong>SEBI\u2019s circular dated February 6, 2025<\/strong>. Please be assured that these updates <strong>do not alter the fundamental attributes<\/strong> of the scheme.<\/p>\n\n\n\n<p>For further clarity, we recommend referring to the attached <a href=\"https:\/\/fundsindia-marketing-assets.s3.ap-south-1.amazonaws.com\/14.+Notice+cum+Addendum+-+Axis+Income+Advantage+FOF+.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">official addendum<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Scheme Name &amp; Category Update \u2013 Axis Income Plus Arbitrage Active FOF Dear Investors, Please note that Axis Asset Management Company has issued an official addendum dated May 5, 2025, in accordance with SEBI\u2019s latest framework for Fund of Funds (FoF) with multiple underlying schemes. Effective May 9, 2025, the following key updates have been [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[632],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v17.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Scheme Name &amp; Category Update \u2013 Axis Income Plus Arbitrage Active FOF<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.fundsindia.com\/blog\/bulletin\/scheme-name-category-update-axis-income-plus-arbitrage-active-fof\/32011\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Scheme Name &amp; Category Update \u2013 Axis Income Plus Arbitrage Active FOF\" \/>\n<meta property=\"og:description\" content=\"Scheme Name &amp; Category Update \u2013 Axis Income Plus Arbitrage Active FOF Dear Investors, Please note that Axis Asset Management Company has issued an official addendum dated May 5, 2025, in accordance with SEBI\u2019s latest framework for Fund of Funds (FoF) with multiple underlying schemes. 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