Axis Mutual Fund Files Draft with SEBI for Thematic Scheme: Axis Services Opportunities Fund

Axis Mutual Fund has launched the Axis Services Opportunities Fund, a thematic open-ended equity scheme that aims to capitalise on the growing momentum within India’s services sector. The fund seeks long-term capital appreciation by investing in a diversified portfolio of companies that generate or are expected to generate revenues from service-related activities.

Objective of the Scheme

The primary investment objective of the scheme is to achieve long-term capital growth through active management of equity and equity-related securities in the services industry. However, it is important to note that there is no guarantee that the investment objective will be achieved.

Fund Category and Type

• Fund Category: Thematic
• Type: Open-ended equity scheme focusing on the services theme

Benchmark

• Primary Benchmark: Nifty Services Sector TRI (Total Return Index)
  This benchmark has been chosen as it best reflects the performance of companies operating within the services domain.

Who Manages the Scheme?

The Axis Services Opportunities Fund will be managed by:

• Sachin Jain
• Shreyash Devalkar
• Krishnaa Chidambaram

Investment Strategy

The fund will follow an active investment strategy, focusing on sectors within the services industry, including:

• Financial services
• IT and telecom
• Power
• Consumer services
• Healthcare
• Oil, gas, and consumables

The fund manager will use a bottom-up stock picking approach, targeting companies with robust business models and strong growth potential within these sectors. The strategy also includes the flexibility to invest up to 20% of assets in companies outside the core services theme and may explore overseas investment opportunities, including ADRs, GDRs, and service-related ETFs.

Conclusion

The Axis Services Opportunities Fund offers an opportunity to participate in India’s growing services-driven economy through a carefully curated portfolio of companies. With a focus on long-term capital growth and strategic asset allocation, the fund aims to tap into structural and emerging opportunities within the services ecosystem.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.