NFO review: Axis Multicap Fund

Axis Mutual Fund has launched a new multicap scheme. The Axis Multicap Fund, as the name suggests, would invest across all the market capitalisations. The new fund offer will close on November 13. The fund will be managed jointly by Jinesh Gopani and Shreyash Devalkar.

According to the scheme information document, the scheme plans to invest 50-100 per cent in largecaps and 0-50 per cent in mid and smallcaps. It also would try to invest in stocks that are at inflection point.

Should you invest?
Pankaj Gera, a Certified Financial Planner (CFP) based in Delhi, believes that the Axis Multicap Fund is a plain vanilla product. “It is a good time to bet on a multicap scheme since multicap offers opportunities to buy companies across market spectrum. But I would prefer recommending an established multicap scheme,” says Gera. “We recommend an NFO only when it has an USP which no other scheme is offering in the market,” adds Gera.


Scheme at a glance:
Minimum investment: Rs 5,000
Minimum SIP Amount for monthly SIP: Rs 1,000
Plans : Growth, Dividend
Benchmark: S&P BSE 200 Index
Fund Manager: Mr Jinesh Gopani & Mr Shreyash Devalkar
Exit Load: 1 per cent if units are redeemed / switched-out within 12 months from the date of allotment.


If you are planning to invest in a multicap scheme, here are our recommended multicap schemes.