Axis Mutual Fund and ITI Mutual Fund announced income distribution under the Income Distribution cum Capital Withdrawal (IDCW) option for multiple schemes. Investors holding units in these funds as of March 11, 2025, the record date, will receive varying payouts per unit.
Under its IDCW plans, Axis Mutual Fund has declared the following per-unit distributions:
Among these, the Axis Innovation Fund – Regular Plan has declared the highest income distribution at ₹1.54 per unit. The Axis ESG Integration Strategy Fund has also distributed a notable amount.
In addition to Axis Mutual Fund, ITI Mutual Fund has also declared an IDCW payout of ₹0.10 per unit under the ITI Balanced Advantage Fund, applicable to both direct and regular plans. The record date for this distribution is March 11, 2025.
Investors opting for the IDCW plan receive periodic income distribution but must note that these payouts are subject to taxation, as per prevailing tax laws. Additionally, since these distributions are deducted from the Net Asset Value (NAV)of the respective schemes.
With March 11, 2025, set as the date, existing investors in Axis and ITI Mutual Fund’s IDCW schemes should review their holdings. Investors should assess their financial goals and tax implications before opting for IDCW or growth plans.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 11, 2025, 2:38 PM IST
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