Axis Mutual Fund announces change in name of 2 equity funds

Axis Mutual Fund has announced the change in the name of two equity funds - Axis Bluechip Fund and Axis Growth Opportunities Fund.

Axis Bluechip Fund will be known as Axis Large Cap Fund, whereas Axis Growth Opportunities Fund will be known as Axis Large & Mid Cap Fund.

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The fund house informed about these changes to the unitholders through a notice cum addendum. The changes will be effective from June 2.

“All references to the existing names appearing at all relevant places shall stand replaced with the revised names from the effective date, ” the addendum mentioned

“All other terms and conditions of the SID / KIM of the aforesaid Schemes and SAI of the fund remain unchanged. This addendum forms an integral part of the SID / KIM of the aforesaid Scheme and SAI of the fund, as amended from time to time, the addendum added.

Axis Bluechip Fund is an open-ended equity scheme predominantly investing in largecap stocks. The scheme is benchmarked against BSE 100 TRI and is managed by Shreyash Devalkar, Jayesh Sundar, and Krishnaa Narayan.

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Axis Growth Opportunities Fund is an open-ended equity scheme investing in both largecap and midcap stocks. The scheme is benchmarked against Nifty Large Midcap 250 TRI and is managed by Shreyash Devalkar, Hitesh Das, and Krishnaa N.

Axis Bluechip Fund had an AUM of Rs 33,218 crore and Axis Growth Opportunities Fund had an AUM of Rs 13,755 crore as on April 30, 2025.