Axis Mutual Fund Introduces Axis Global Equity Alpha Fund of Fund
   Sep 04, 2020

Axis Mutual Fund (MF) has launched an open ended fund of fund scheme - Axis Global Equity Alpha Fund of Fund, that will be investing in Schroder International Selection Fund Global Equity Alpha.

The investment objective of the scheme is to provide long term capital appreciation by predominantly investing in Schroder International Selection Fund Global Equity Alpha, a fund that aims to provide capital growth by investing in equity and equity related securities of companies worldwide.

The Scheme may also invest a part of corpus in debt, money market instruments and/or units of liquid schemes in order to meet liquidity requirements from time to time.

Axis Global Equity Alpha Fund of Fund would invest at least 95% of its assets in Units / shares of Schroder International Selection Fund Global Equity Alpha. It can also hold upto 5% of its assets in Debt, Money market instruments and / or units of liquid schemes.

The scheme’s performance will be benchmarked MSCI World (Net TR).

It will be managed by Mr Hitesh Das, and Mr R. Sivakumar.

The NFO opens for subscription on September 04, 2020 and closes on September 18, 2020. The scheme will reopen for fresh investments Within five Business Days from the date of allotment.

The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.

The fund offers Regular Plan and Direct Plan having Growth Option and Dividend Option (Dividend Re-investment and Dividend Pay-out facilities).

 

Daily Wealth Letter


Fund of The Week


Knowledge Center


Money Simplified Guides (FREE)


Mutual Fund Fact Sheets


Tools & Calculators