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NFO Alert: Axis Mutual Fund launches consumption fund - Here are the full details
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3 min read | Updated on August 23, 2024, 18:02 IST
SUMMARY
Axis Mutual Fund has introduced the Axis Consumption Fund, an open-ended equity scheme focused on companies in the consumption sector. Launched on August 23, 2024, the fund aims for long-term capital appreciation through an actively managed portfolio. It offers no entry load and a 1% exit load within the first 12 months.
NFO Alert: Axis Mutual Fund launches consumption fund - Here are the full details
The Axis Consumption Fund is an open-ended equity scheme launched by Axis Mutual Fund on August 23, 2024. Its primary objective is to generate long-term capital appreciation by investing in companies operating in the consumption and related sectors. The fund aims to achieve this through an actively managed portfolio of equity and equity-related securities. However, there is no guarantee that this objective will be realised. The fund has an entry load of 0% and an exit load of 1% if redeemed or switched out within 12 months of allotment. After 12 months, there is no exit load. The minimum subscription amount is ₹100.
Objective of Scheme: The investment objective of the Axis Consumption Fund is to provide long-term capital appreciation from an actively managed portfolio of equity and equity-related securities of companies engaged in consumption and consumption-related sectors or allied sectors. There is no assurance that the investment objective of the scheme will be achieved
Risk-o-meter:
Funds Allocation
| Types of Instruments | Minimum Allocation (% of Net Assets) | Maximum Allocation (% of Net Assets) |
|---|---|---|
| Equity & Equity related instruments of companies engaged in consumption and consumption related sector or allied sectors | 80 | 100 |
| Other Equity & Equity Related Instruments | 0 | 20 |
| Debt & Money Market Instruments | 0 | 20 |
| Units issued by REITs & InvITs | 0 | 10 |
Who should invest in this fund?
This NFO of the Axis Consumption Fund is suitable for investors who are seeking long-term capital appreciation and want to invest in equity and equity-related securities in consumption and consumption-related companies.
Benchmark
The performance of the Axis Consumption Fund will be benchmarked to the performance of the Nifty India Consumption TRI.
Peer Fund Schemes
| Scheme Name | AUM (Crore) | Expense Ratio (%) | 1 Year Returns (%) | 3 Years Returns (%) | 5 Years Returns (%) | 10 Years Returns (%) | YTD Ret (%) | Since Launch Ret (%) |
|---|---|---|---|---|---|---|---|---|
| Canara Robeco Consumer Trends Fund | 1694.43 | 2.08 | 41.05 | 21.59 | 24.89 | 18.44 | 24.92 | 17.52 |
| SBI Consumption Opportunities | 2679.47 | 2.01 | 41.28 | 29.05 | 26.72 | 18.24 | 26.99 | 17.76 |
| ABSL India GenNext Fund | 5786.16 | 1.84 | 37.62 | 19.76 | 22.87 | 17.88 | 22.87 | 17.61 |
| Mirae Asset Great Consumer | 4050.65 | 1.85 | 42.38 | 23.87 | 25.12 | 17.85 | 24.75 | 18.54 |
| Nippon India Consumption | 1410.64 | 2.14 | 43.18 | 25.29 | 28.03 | 16.36 | 28.45 | 16.51 |
| Sundaram Consumption | 1582.42 | 2.17 | 36.87 | 21.63 | 21.43 | 16.04 | 21.06 | 13.41 |
| UTI India Consumer | 700.29 | 2.43 | 42.83 | 18.27 | 20.87 | 12.55 | 27.34 | 11.13 |
Who Manages the Scheme?
Shreyash Devalkar (AUM(Cr) - ₹233,560.11, Schemes – 13) - Collectively over 10 years of experience. Hitesh Das (AUM(Cr) - ₹58,789.20, Schemes – 6) - Total number of years of experience: 12 Ms Krishnaa Narayan (For Foreign Securities) – She is a 28-year-old Chartered Accountant and Bachelor of Commerce and has a total of 3 years of experience.
Conclusion
The Axis Consumption Fund is ideal for investors looking to capitalise on growth in the consumption sector. It offers an opportunity for long-term capital appreciation with a well-managed equity portfolio.
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