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NFO Alert- 

“Axis Asset Management Company Limited has launched a new fund offer –Axis value Fund. The fund is open for subscription between September 02, 2021, to September 16, 2021”

Read below for more details about the NFO!


Basic Details About The NFO…

  • Fund Name- Axis Value Fund.
  • Type- An open-ended equity scheme following a value investment strategy.
  • Subscription open date- 2nd September 2021
  • Subscription close date- 16th September 2021
  • Benchmark- S&P BSE 200 TRI
  • 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)
  • Min. SIP Amount- Rs. 500 and in multiples of Rs. 1 thereafter per installment.


Investment Objective…….

The new NFO launched is an open-ended equity scheme following a value investment strategy, that seeks to generate consistent long-term capital appreciation by investing predominantly in equity and equity-related securities by following a value investing strategy.

However, there can be no assurance that the investment objective of the Scheme will be achieved.    


Exit Load Trends In The NFO……

The fund has no entry load however it has different terms for exit load listed below:

  • If units purchased are redeemed or switched out, before 12 months from the date of allotment, then exit load will be charged.
  • If units are redeemed below the 10% limit, before 1 year from the date of allotment no exit load will be applicable.
  • If units are redeemed over and above the 10% limit, before 1 year from the date of allotment then an exit load equal to 1% of the applicable NAV will be charged.
  • If units are redeemed/switched out after 12 months from the date of allotment, no exit load will be applicable.


Fund Managers Of The NFO…….

The fund manager appointed to manage the asset allocation in the new NFO is Mr. Jinesh Gopani. He is an experienced fund and has managed a number of mutual fund schemes before this. 

Education: Mr. Gopani is a B. Com (H) and MMS from Bharati Vidyapeeth Institute of Management Studies and Research.

Experience: Prior to joining Axis AMC he has worked with Birla Sun Life AMC, Voyager India Capital Pvt. Ltd., Emkay Shares & Stock Brokers Limited, and Net worth Stock Broking Limited. 


Who Should Invest In This NFO?

As per the experts, this NFO is more suitable for investors who are looking for:  

  • Capital appreciation over the long term  
  • Investment predominantly in a portfolio of equity and equity-related securities by following a value investment strategy. 


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).