-NFO Opens: 27th July 2015; NFO Closes: 10th Aug 2015; Scheme re-opens: 20th Aug 2015
Mumbai, July 21, 2015: Axis Mutual Fund, one of the premier asset management companies in India, announced the launch of Axis Equity Saver Fund, an open ended equity scheme which would endeavour to generate capital appreciation and income distribution, by investing in multiple asset classes – equity, hedged equity (arbitrage opportunities) and debt.
Long term investment research has shown us that bulk of any portfolio’s performance can be explained by its asset allocation. Axis Equity Saver Fund will rely on asset allocation across multiple asset classes in order to seek reasonable returns while bringing down risk for the investors.
Axis Equity Saver Fund will invest in different investment avenues like equity, arbitrage and debt within a common fund. Such combined portfolios have lower risk compared to pure equity products. Thus they allow investors to plan for their longer term goals without getting affected by short term market fluctuations. Globally multi-asset portfolios are extremely popular across all kinds of investors for achieving their long term investment objectives.
The fund can invest a maximum of 45% in equities and the balance allocation is spread between income generating assets including fixed income and arbitrage. The asset allocation also allows for a tax efficient structure from an investor’s perspective.
Mr. Chandresh Nigam, CEO, Axis Mutual Fund said, “Axis Mutual Fund has been at the forefront of product innovation. The core principle that we like to work with is to have sound risk management across all our products. With that objective, we have launched a number of multi-asset funds in the past including Axis Income Saver, Axis Triple Advantage Fund, Axis Hybrid Funds and Axis Capital Protection Oriented Funds. Continuing on that approach we are very excited to launch Axis Equity Saver Fund that will endeavor to offer a superior risk-return mix for long term investors in a tax efficient structure.
We have observed that across markets, across time periods, asset allocation portfolios are able to bring down risk and generate reasonable outcomes for investors. In the Indian context, where the high volatility of equities deters investors, asset allocation strategies are likely to lead the way in getting investors to experience the power of long-term investments and to try and achieve their goals using Mutual Funds.”
The Scheme is benchmarked against CRISIL MIP Blended Fund Index and has two plans viz. Direct Plan & Regular Plan with both of them offering Growth and Dividend options. The fund will be managed by Mr. Jinesh Gopani (equity) and Mr. R Sivakumar (debt). Both the fund managers bring with them immense experience in the equity and debt market respectively and strong growth potential for the fund in terms of the investment strategies.
The two week NFO period for Axis Equity Saver Fund would open on Monday, July 27, 2015 and close on Monday, August 10, 2015. The scheme would reopen for ongoing subscription from Thursday, August 20, 2015.