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One of the leading asset management companies in India, Axis Mutual Fund, will launch a new open-ended equity scheme -Sectoral/ Thematic, Axis Consumption Fund—on August 23, 2024. The New Fund Offer (NFO) will close on September 06, 2024, and the minimum subscription amount has been set at ₹100 as specified in the Scheme Information Deed (SID).
The Axis Consumption Fund scheme has been launched to provide long-term capital appreciation from an actively managed portfolio of equity and equity-related securities of companies engaged in consumption and consumption-related sectors or allied sectors. However, there is no assurance that the scheme’s investment objective will be achieved.
The scheme aims to provide long-term capital growth from an actively managed diversified portfolio of equity & equity related securities As per SID, the scheme would invest in the following sectors:
The fund management will try to allocate to companies by using a bottom-up strategy and investing in industries that stand to gain from the consumer trends in the economy.
Axis Consumption Fund is good for investors seeking capital appreciation over the long-term and equity scheme investing in equity and equity-related securities of companies engaged in consumption and consumption-related sectors or allied sectors.
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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Aug 23, 2024, 4:06 PM IST
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