Axis Mutual Fund launches ‘Axis Growth Opportunities
Fund’
|
Highlights
•
A fund
that aims to offer a global investment opportunity by investing in domestic
equities as well as foreign securities by leveraging its relationship with Schroder Investment Management Limited (as investment advisor)
•
NFO open date: October 01,
2018. NFO close date: October 15, 2018
|
Mumbai,
September 26, 2018: Axis Mutual Fund, one
of the leading asset management companies, today announced the launch of its
new fund – ‘Axis Growth Opportunities Fund’. India’s
equity market cap is just 3% of world’s market cap indicating that domestic
mutual fund investors are not exposed to 97% of the world’s equity investment
opportunities. This fund aims to offer
global diversification to Indian investors by participating in equity and equity related instruments both in India as well as
overseas. Some of the key features of global
diversification from an investor’s perspective are:
·
Different markets in the world
perform at different times due to low correlation between them creating
diversification opportunity
·
Global diversification has the
potential to optimize returns while reducing risk of the overall portfolio
significantly
·
Global allocations help better withstand event
shocks
·
Opportunity to invest in global unexplored
themes
The fund will typically look to have 30-35% in domestic large caps &
up to 35% in foreign securities (predominantly large caps) making total large
caps as 35-65% and total domestic midcaps of 35-40%. Overseas allocation will
be made by directly investing in foreign securities advised by Schroder
Investment Management Limited. Overseas investment philosophy is aligned with
domestic Axis philosophy of bottom up investing in high quality stocks with
high growth prospects. The target of the high quality portfolio construct is to
generate sustainable long term performance while keeping risk contained. The highly experienced fund management team at Axis
AMC& global expertise from Schroder is well placed to execute on this
philosophy.
Mr. Chandresh Kumar Nigam, MD & CEO, Axis AMC said, “If Indian investors are the consumers of multiple global
brands in their day to day lives, they should be given access to participate in
their global growth stories. We at Axis are happy to launch our new fund ‘Axis
Growth Opportunities Fund’thatoffers global diversification to Indian investors
by leveraging our relationship with Schroder and their global equity investing
expertise.”
The minimum application amount for this fund is Rs. 5,000
and in multiples of Re. 1/- thereafter. The fund offers a direct and regular plan, both with
growth and dividend options. An exit load of 1% is applicable if
redeemed/switched out on or before 12 months from the date of allotment. The
fund offers Nil exit-load for redemption up to 10% of the investment
amount.
The fund
will be managed by Mr. JineshGopani, Head –Equity
For media contact
Nagaraj Perumal
Ketchum Sampark
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Office : (d)+91 44 2435 2644
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