Axis AMC launches 'Axis Growth Opportunities Fund'

Axis Mutual Fund launches ‘Axis Growth Opportunities Fund', that aims to offer a global investment opportunity by investing in domestic equities as well as foreign securities by leveraging its relationship with Schroder Investment Management Limited (as investment advisor).

The NFO will open on October 01 and close on October 15. The fund will be managed by Jinesh Gopani, Head – Equity.

The fund will typically look to have 30-35 per cent in domestic large caps and up to 35 per cent in foreign securities (predominantly large caps) making total large caps as 35-65 per cent and total domestic midcaps of 35-40 per cent. Overseas allocation will be made by directly investing in foreign securities advised by Schroder Investment Management Limited.


Overseas investment philosophy is aligned with domestic Axis philosophy of bottom-up investing in high quality stocks with high growth prospects.

"If Indian investors are the consumers of multiple global brands in their day to day lives, they should be given access to participate in their global growth stories. We at Axis are happy to launch our new fund ‘Axis Growth Opportunities Fund’ that offers global diversification to Indian investors by leveraging our relationship with Schroder and their global equity investing expertise," says Chandresh Kumar Nigam, MD & CEO, Axis AMC.

The minimum application amount for this fund is Rs 5,000 and in multiples of Re 1 thereafter. The fund offers a direct and regular plan, both with growth and dividend options. An exit load of 1 per cent is applicable if redeemed/switched out on or before 12 months from the date of allotment. The fund offers Nil exit-load for redemption up to 10 per cent of the investment amount.