Axis Mutual Fund Growth Opportunities Fund aims to attract investment of 1,500 crore Rupees. The NFO (New Fund Offer) which has opened for subscription on October 01, 2018, will close on October 15, 2015.
The Growth Opportunities Fund of Axis AMC offers global diversification for Indian investors and will invest in domestic as well as overseas equity and equity-related securities.
The open-ended fund scheme will invest 35 percent to 65 percent of its assets in large-caps, which includes 30 percent to 35 percent in domestic large-caps and up to 35 percent in foreign securities (mainly large-caps). The fund will deploy the remaining portion of the assets in domestic mid-caps.
Indian investors must have access to participate in global growth stories, and the Axis Mutual Fund Growth Opportunities Fund scheme offers this opportunity, said Chandresh Kumar Nigam, Managing Director of Axis Mutual Fund.
Other Features Of Axis Growth Opportunities Fund
The minimum application amount the open-ended fund is 5,000 Rupees and in multiples of one Rupee thereafter. The scheme offers an exit load of 1 percent if the units are redeemed/ switched out on or before 12 months from the date of allocation of the fund. There will be no exit-load charge for the scheme for redemptions up to 10 percent of the investment amount.
The Axis Growth Opportunities Fund scheme offers both Regular and Direct plans with Growth and Dividend options.
The fund house has assigned Mr. Jinesh Gopani, Head – Equity, as the fund manager of the Growth Opportunities Fund, as reported on Money Guru India.
The aim of the high-quality portfolio structure of the scheme is to produce “sustainable long-term performance while keeping risk contained.”
The Axis Mutual Fund Growth Opportunities Fund aims to raise 1,500 Crore Rupees through the NFO, as reported on The HINDU BusinessLine. The objective of the scheme is to offer global diversification to Indian investors through investments in equity and equity-related securities in India and overseas, said the fund house.
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