The Business Bytes
TBB BUREAU
MUMBAI, NOV 17, 2021
Axis Mutual Fund has announced the launch of their new fund offer – ‘Axis Multicap Fund’.
The fund will open on November 26, 2021 and close on 10th December, 2021.
“The NFO will provide investors with an opportunity to invest in large, mid, and small cap stocks with minimum equal exposure across each category. The scheme will be managed by Anupam Tiwari and Sachin Jain, Fund Manager, Axis Asset Management Company Limited (‘Axis AMC’),” Axis Mutual Fund said in a statement.
As per the SEBI Regulation, Multi-cap funds need to have a minimum 25% exposure under each market cap, ensuring that the portfolio is not overtly concentrated towards a particular market cap. Due to its large and varied investment universe, Multi-cap funds offer the dual benefit of growth and risk-adjusted returns to the investors, making them one of the ideal solution for long-term investment objectives and wealth creation,” Axis Mutual Fund statement added.
On the launch of the NFO, Chandresh Nigam, MD & CEO, Axis AMC, said “At Axis AMC, we believe in being relevant and responsible for the sake of our investors and changing market conditions. Our long-term focus is to not only protect capital but also returns. Keeping this strategy in mind, we have launched the ‘Axis Multicap Fund’. This fund will help our investors’ package large, mid and small-cap stocks in one single portfolio and steer through volatile market cycles. Our fundamentals rely on quality, and it has helped us sail through tough market conditions. I am confident that our market-wide allocation strategy and our philosophy will help us deliver sustainable growth over the long run.”
