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Axis AMC Launches Axis Multicap Fund NFO – Closes on December 10

07 December 2021

Axis Asset Management Company has launched a new fund offer for Axis Multicap Fund. The fund is open for subscription between November 26, 2021, and December 10, 2021.

Read on to find out more about the NFO. 

Investment Objective

Axis Multicap Fund is an open-ended equity scheme investing across large-cap, mid-cap, small-cap stocks. 

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Equity & Equity Related Instruments of Large Cap Stocks 25% 50% High
Equity & Equity Related Instruments of Mid Cap Stocks 25%  50% High
Equity & Equity Related Instruments of Small Cap Stocks 25% 50% High
Debt and Money Market Instruments 0% 25% Low to Medium
Units issued by REITs & InvITs 0% 10% Medium to High

Fund Details

Scheme name Axis Multicap Fund  
Type of scheme Axis Multicap Fund is an open ended equity scheme investing across large cap, mid cap, small cap stocks. 
NFO Dates November 26, 2021 – December 10, 2021.
Fund Managers Mr. Anupam Tiwari, Mr. Sachin Jain (for debt Securities)
Benchmark NIFTY 500 Multicap 50:25:25 Index
Minimum Amount for Application during NFO Rs. 5,000 and in multiples of Re. 1/- thereafter
Minimum Additional Purchase Amount Rs. 1,000 and in multiples of Re. 1/- thereafter
Minimum Redemption/Switch-Out Amount No minimum redemption criterion.
Load a) Entry Load: N.A

b) Exit Load:  

  • If redeemed / switched-out within 12 months – For 10% of investment : Nil
  • For remaining investment : 1% 
  • If redeemed/switched out after 12 months from the date of allotment: Nil
Plans Direct and Regular
Options Growth, Income Distribution cum Capital Withdrawal (IDCW) (Payout and Reinvestment Facility)
Minimum SIP Amount Rs. 1,000/- and in multiple of Re. 1/-. Minimum installments – 6.

Benchmark

NIFTY 500 Multicap 50:25:25 Index

The Nifty 500 Multicap 50:25:25 index includes all companies that are part of the Nifty 500 index. In this index, the total weight of each of the three segments (Large, Mid and Small cap) is fixed at 50%, 25% and 25% respectively at every quarterly rebalance date.

Fund Managers

Mr. Anupam Tiwari

Mr Anupam Tiwari has been a fund manager at Axis Asset Management Company Ltd. since Sept 23, 2016. Prior to that, he worked with Principal PNB Asset Management Company Pvt. Ltd. (July 25, 2011 to Sept. 21, 2016), Reliance Life Insurance Ltd. (Sept. 22, 2010 to July 15, 2011), and Reliance Capital Asset Management Company Ltd. (Mar. 21, 2005 to Sept. 21, 2010).

Other schemes managed by him are: 

  • Axis Equity Saver Fund (along with Mr. R. Sivakumar), 
  • Axis Small Cap Fund, 
  • Axis Emerging Opportunities Fund – Series 1 & 2 (1400 Days) (along with Mr. Jinesh Gopani), 
  • Axis Capital Builder Fund – Series 1 (Along with Mr. Ashish Naik), 
  • Axis Dynamic Equity Fund (Along with Mr. R. Sivakumar and Mr. Ashwin Patni)

Mr. Sachin Jain (for debt Securities)

Mr Sachin Jain has been working as Dealer – Fixed Income, with Axis Asset Management Company Ltd. since July 11. Prior to that, he worked as a Trader – Fixed Income, Sundaram Asset Management Company Ltd. (June 3, 2013 – July 10, 2017), Dealer – Fixed Income, ICAP Ltd. (November 9, 2010 – May 31, 2013), and Dealer – Fixed Income, Sundhi Securities and Finance Ltd. (November 2, 2009 – October 29, 2010). 

Other schemes managed by him are: 

  • Axis Ultra Short Term Fund (along with Mr. Aditya Pagaria) 
  • Axis Regular Saver Fund (along with Mr. Ashish Naik and Mr. Devang Shah)

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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