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.
Axis Multicap Fund is an open-ended equity scheme investing across large-cap, mid-cap, small-cap stocks.
|Types of Instruments||Indicative allocation (% of total assets)||Risk Profile|
|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|
|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:
|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.|
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.
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).
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).