The AXA Mansard Money Market Fund is a low risk open-ended fund that seeks to provide stable income as well as safety of principal and interested accrued.
The Fund pools monies of several individual and corporate investors that enables the fund manager bargain for higher interest rates when investing.
The Fund invests only in a broad range of eligible money market securities – Treasury bills, Fixed Deposit and Guaranteed Commercial Papers with Investment rated
financial institutions and other instruments. The Fund can also be used towards accumulation of funds for rent, wedding, car purchase, birthing cost etc.