Axis Retirement Savings Fund

Axis Retirement Savings Fund

Highlights

·       Retirement planning becoming a critical issue for the working age population – which wants to remain self-sufficient post retirement

·       Axis Retirement Savings Fund is designed to help investors carry out long term retirement planning

·       Open ended fund with flexibility of three different plansto cater to changing risk profiles depending on the investors age and changing circumstances

·       Iplus SIP Insurance offers unique complementary life cover for long term SIP investors based on their pending SIP commitments

NFO date: November 29, 2019 to December 13, 2019

Mumbai, November 26, 2019:Axis Mutual Fund, one of the leading asset management companies, today announced the launch of its new fund – ‘Axis Retirement Savings Fund’, an open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The new fund offer (NFO) opens for subscription on November 29, 2019 to December 13, 2019.

Retirement planning is slowly emerging as a critical issue for the working age population of the country as they face the prospect of living out a long post retirement life with a lack of formal social security and changes to traditional family support structures. These issues are backed by findings from a market research study carried out by Axis AMC. The study reached out to people from different backgrounds and across different locations who have all voiced concerns on their readiness for retirement. People have a desire to remain self-sufficient during their retirement years even while they don’t want their retirement to lead to a change in their lifestyle.

With rising awareness of these challenges, there is a growing need for the right financial solution to help people out. The Axis Retirement Savings Fund has been uniquely designed to help investors in this endeavour with features such as different investment plans offering flexible risk profiles, strong fund management capabilities across asset classes, tax efficiency, flexibility in using the fund for post-retirement income as well as one of the feature offering life cover to long term SIP investors to encourage them to remain disciplined on their path.

Axis Retirement Savings Fund has a lock-in of 5 years or till retirement age (whichever is earlier).Keeping in mind the diverse investor risk profiles, the Fund offers three investment plans – An Aggressive Plan where equity exposure will range between 65-80%, A Dynamic Plan where equity exposure will be dynamically managed between 65-100% and a Conservative Plan where debt exposure will range between 40 - 80%.Having different options with different risk profiles is essential when offering a long term solution such as retirement fund. This is because investors’ risk profile changes based on their age and circumstance. For example, as investors approach their retirement age, their ability to take risk comes down and consequently they need a low risk investment option. At the same time a younger investor that has a long way to go to retirement can afford to take high risk and needs to be more focused on an investment option that focuses on wealth generation.

Iplus SIP Insurance

The fund offers a unique and innovative feature that aims to ensure that the investor’s long term planned investments don’t fall victim to the risk of the unknown. The iPlus SIP Insurancefacility offers investors a complementary life cover that is equal to the remaining commitment of their long term SIPs. This feature willallow investors peace of mind as they make long term investment plans keeping in mind their family and dependents. The insurance will be provided by HDFC Life Insurance Company Limited.

Mr. Chandresh Kumar Nigam, MD & CEO, Axis AMC said, “Axis AMC has always focused on offering a responsible product basket that keeps at its core the needs and aspirations of our investors. Axis Retirement Savings Fund is our small step to help investors execute the most critical part of their financial plan. Further we have designed this product keeping in mind the need to offer each investor the flexibility to navigate this journey in the manner that works best for them. Given Axis AMC’s investment philosophy that focuses on sustainable long term returns, we are confident that we can help investors reach a happy retirement”

About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds, portfolio management services and alternative investments.

Mr. Ujjawal Punmiya

AVP – Public Relations& Corporate Communications

M: +91 9619130947

E: ujjawal.punmiya@axismf.com

Product Labelling

* Investors should consult their financial advisers if in doubt about whether the product is suitable for them.

For detailed asset allocation & investment strategy, kindly refer to scheme information document of Axis Retirement Savings Fund.

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.  No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

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