This is an open-ended exchange traded fund which tracks Nifty India Consumption Index.
| Good to know
Exchange traded funds An ETF is a mutual fund that tracks the performance of sectors, commodities or stock market indices. Unlike other equity schemes, it can be traded on the exchanges just like a stock. ETFs can contain many types of investments, including stocks, commodities and bonds. |
Investment objective
Axis Consumption ETF is a low cost, tradable, passive investment solution. It will track the Nifty India Consumption Index which has 30 stocks from various sectors including consumer non-durables, telecom, media and entertainment.
According to the asset management company, India’s consumption sector has significant growth opportunities due to a large young population, flourishing rural economy, changing consumption patterns, and an aspirational appetite. As incomes rise, households’ discretionary spendings like entertainment, eating out and travel will also increase. In such a scenario, consumption-oriented companies are expected to witness strong growth.
Through exposure to Axis Consumption ETF, investors can take advantage of India’s consumption story. This fund is suitable for investors with a long term horizon.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Equity instruments covered by Nifty India consumption Index | 95 | 100 | High |
| Debt and money market instruments | 0 | 5 | Low to medium |
Scheme details
| Name | Axis Consumption ETF |
| Type | An open-ended exchange traded fund tracking Nifty India Consumption Index |
| Category | Equity-Exchange traded fund |
| Expense ratio | 1% |
| Benchmark | Nifty India Consumption Index |
| Load structure | Entry: Nil Exit: Nil |
| Fund managers | Viresh Joshi and Deepak Agarwal |
| Options | None |
| Minimum application amount (during NFO) | ₹5,000 and in multiples of ₹1 thereafter |
| Additional application amount | Not applicable |
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| This product is suitable for investors who are seeking*: | Riskometer |
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Axis Asset Management Limited. To read the entire document, click here.
Disclaimer
RKSV Securities India Private Limited (ARN/Distributor - 107930; brand name Upstox) is the distributor of the mutual fund. Please consult your investment advisor before investing.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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