Greeting To All Our Readers! 

NFO Alert- 

“Axis AMC launches Axis Multi-Cap Fund NFO. The fund is open for subscription between November 26, 2021, and December 10, 2021

Read below for more details about the NFO!

Basic Details About The NFO… 

  • Fund Name- Axis Multi-Cap Fund.
  • Type- An open-ended multi-cap fund.
  • Subscription open date- 26th November 2021
  • Subscription close date- 10th December 2021
  • Benchmark- NIFTY500 Multicap 50:25:25 Index
  • Minimum Amount for Application during NFO- Rs 5000 and in multiples of Rs 1 after that.
  • Minimum Additional Purchase Amount- Rs 1000 and in multiples of Rs 1 after that.
  • Plans- Both Direct and Regular Plans are available
  • Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)

Investment Objective…….

The new NFO launched is an open-ended multi-cap fund that follows benchmark index, NIFTY500 Multicap 50:25:25 Index.

The prime objective of the scheme is to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments across market capitalization. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved.

Exit Load Trends In The NFO…… 

The fund has no entry load, however, exit load is applicable on the switch or redeem of units after asset allocation.

  • No exit load is applicable if 10% or less than units redeemed or switched out before completion of 1 year or 365 days from the date of allotment of units.  
  • 1% if redeemed or switched out more than 10% of units on or before completion of 1 year or 365 days from the date of allotment of units.
  • Nil, thereafter.

Fund Managers Of The NFO…….

The fund manager appointed to manage the asset allocation is Mr. Anupam Tiwari. He has over 11 years of experience in the finance sector. He joined Axis AMC in September 2016. Before this, he worked with Reliance Life Insurance & Principal PNB Asset Management as a Fund Manager. He started his career as an Equity Analyst with Reliance Capital AMC in 2005. Currently, he has been managing 13 schemes. 

Who Should Invest In This NFO? 

This product is suitable for investors who are seeking-

  • Capital appreciation over the long term
  • Investing predominantly in equity & equity related instruments of Mid Cap companies

Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions. 

Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).