Axis Mutual Fund has announced the change in fundamental attribute of Axis All Seasons Debt Fund of Funds. The scheme will now be called Axis Income Advantage Fund of Funds. The investment universe of the scheme will be changed to fund of funds scheme investing in debt oriented mutual fund schemes and arbitrage funds.

The changes will be effective from February 14, 2025. The fund house informed about the change to its unitholders through a notice-cum-addendum.

The scheme will allocate 95-100% in units of mutual fund schemes of which 50-100% will be in units of debt oriented mutual fund schemes and 0-45% in units of arbitrage funds, and 0-5% in money market instruments.