April 20, 2024 02:31 (IST)
Axis MF launches Axis Equity Saver, multi-asset open ended equity fund
New Delhi, July 24 (IBNS): Axis Mutual Fund, one of the premier asset management companies in India, announced the launch of Axis Equity Saver Fund, an open ended equity scheme which would endeavour to generate capital appreciation and income distribution, by investing in multiple asset classes-equity, hedged equity (arbitrage opportunities) and debt.
Long term investment research has shown us that bulk of any portfolio’s performance can be explained by its asset allocation.
Axis Equity Saver Fund will rely on asset allocation across multiple asset classes in order to seek reasonable returns while bringing down risk for the investors.
Axis Equity Saver Fund will invest in different investment avenues like equity, arbitrage and debt within a common fund. Such combined portfolios have lower risk compared to pure equity products. Thus they allow investors to plan for their longer term goals without getting affected by short term market fluctuations. Globally multi-asset portfolios are extremely popular across all kinds of investors for achieving their long term investment objectives.
The fund can invest a maximum of 45% in equities and the balance allocation is spread between income generating assets including fixed income and arbitrage. The asset allocation also allows for a tax efficient structure from an investor’s perspective.
Chandresh Nigam, CEO,Axis Mutual Fund said, “Axis Mutual Fund has been at the forefront of product innovation. The core principle that we like to work with is to have sound risk management across all our products. With that objective, we have launched a number of multi-asset funds in the past including Axis Income Saver, Axis Triple Advantage Fund, Axis Hybrid Funds and Axis Capital Protection Oriented Funds. Continuing on that approach we are very excited to launch Axis Equity Saver Fund that will endeavor to offer a superior risk-return mix for long term investors in a tax efficient structure."
"We have observed that across markets, across time periods, asset allocation portfolios are able to bring down risk and generate reasonable outcomes for investors. In the Indian context, where the high volatility of equities deters investors, asset allocation strategies are likely to lead the way in getting investors to experience the power of long-term investments and to try and achieve their goals using Mutual Funds," said Nigam.
The Scheme is benchmarked against CRISIL MIP Blended Fund Indexand has two plans viz. Direct Plan & Regular Plan with both of them offering Growth and Dividend options.
The fund will be managed by JineshGopani(equity) and R Sivakumar (debt). Both the fund managers bring with them immense experience in the equity and debt market respectively and strong growth potential for the fund in terms of the investment strategies.
The two week NFO period for Axis Equity Saver Fund would open on Monday and close on August 10, 2015. The scheme would reopen for ongoing subscription from August 20, 2015.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
Support objective journalism for a small contribution.
Latest Headlines
India's forex reserves contract by $5.4 billion to $643.16 billion Sat, Apr 20 2024
Ola Cabs IPO likely on the cards to raise $500 million: Report Fri, Apr 19 2024
Wipro's headcount drops 9.5% to 2,34,054 in FY24 Fri, Apr 19 2024
Wipro Q4FY24: Net profit drops 8% YoY to Rs 2,835 cr Fri, Apr 19 2024
Jio Financial Services Q4FY24 net profit at Rs 310 cr; NII Rs 280 cr Fri, Apr 19 2024
Sensex jumps up 599 points ending losing streak for several sessions Fri, Apr 19 2024
Stock market opens in the red amid reports of Israeli retaliatory strikes against Iran Fri, Apr 19 2024
HDFC Life Q4FY24 net profit grows 14.8% YoY to Rs 411 cr Thu, Apr 18 2024