(An Open-ended Equity Scheme investing across large cap, mid cap, small cap stocks)
–NFO Opens: October 30, 2017; NFO Closes: November 13, 2017
Mumbai / Chennai, Oct 25, 2017:Axis Mutual Fund, one of the premier asset management companies in India, today announced the launch of Axis Multicap Fund, an open-ended equity scheme that would invest in a diversified portfolio of stocks from across the market-cap spectrum.
Axis equity investment philosophy is biased towards quality and growth. The focus is on looking for high conviction ideas that have the potential of generating sustainable growth in the medium to long term.
Within the overall investment process, Axis Multicap Fund distinguishes itself by aiming to identify companies that are at their inflection points – in the midst of circumstances that have the potential to substantially improve the growth trajectory of the company. This can happen for various reasons like:
- Market Share Gain due to Competitive Advantage
- Industry Consolidation
- Sunrise Industry
- Improved management focus & Capital Allocation
- Regulatory & Policy Changes
Speaking on the launch of Axis Multicap Fund, Mr Chandresh Kumar Nigam, MD & CEO, Axis Asset Management Company Ltd. said, “We are happy to offer Axis Multicap Fund now, as the fund would offer a diversified portfolio that can cater to all equity investors – whether first time or sophisticated. Over long term, it has been seen that multicap funds tend to outperform large capsover a market cycle while having a comparable risk profile. From an investor’s perspective, being consistently good rather than occasionally great has the potential to create long term wealth. We believe that this fund is suitable for all class of investors to help them participate in wealth creation and compounding potential of equity over the long term”
Features at a glance of Axis Multicap Fund:
Minimum Amount: INR 5,000 and in multiples of INR 1/- thereafter
Minimum SIP Amount for monthly SIP: INR 1000 and in multiples of INR 1/- thereafter
Plans/Options: Growth, Dividend (Payout/Reinvestment)
Benchmark: S&P BSE 200 Index
Fund Manager: MrJinesh Gopani&MrShreyashDevalkar
Exit Load: 1% if Units are redeemed / switched-out within 12 months from the date ofallotment.
About Axis Mutual Fund:
Axis AMC has completed eight years of operations and within this short span has over 22 lakh active investor folios. It currently has a well-rounded product suite of schemes across asset classes and a presence across the country. Axis AMC is a joint venture between Axis Bank, India’s third largest private sector bank and Schroder’s ‐ one of the largest global asset managers.
For more information, please visit www.axismf.com