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Axis Mutual Fund has launched a new fund offer (NFO) for Axis Global Innovation Fund of Fund. The NFO is opening for subscription on May 10 and closes on May 21, 2021. Read on to find out more about the NFO.

Investment Objective

The fund aims to provide long-term capital appreciation to its investors by investing in Schroder International Selection Fund Global Disruption. Schroder International Selection Fund Global Disruption is a global equity fund that invests in companies from across the globe that benefits from disruption and a part of the corpus in debt, money market, and liquid instruments.

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Units/shares of Schroder International Selection Fund Global Disruption 95% 100% Medium to High
Debt and Money Market Instruments 0% 5% Low to medium

Fund Details

Scheme name Axis Global Innovation Fund of Fund
Type of scheme A fund of fund investing in the units of Schroder International Selection Fund Global Disruption
NFO Dates May 10, 2021, to May 21, 2021
Fund Managers
  • Hitesh Das for foreign securities
  • R. Sivakumar for the debt portion 
Minimum Amount for Application during NFO Rs.500 and in multiples of Re. 1/- after that.  
Minimum Additional Application Amount Rs.100 and in multiples of Re. 1/- after that.
Minimum Redemption Amount Any amount
Load a) Entry Load: Not Applicable 

b) Exit Load: 

Nil%: If 10% of the investment is redeemed/switched out within 12 months from the date of unit allotment

1%: If more than 10% units are redeemed within 12 months

NIL: For redemption / switch-out of units after 1 year from the date of allotment

Plans Direct and Regular
Options
  1. Growth
  2. Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility)
Minimum SIP Amount SIP is not available during the NFO period. After the NFO period, minimum of 6 installments of Rs. 1,000 each have to be made every month

Benchmark

MSCI AC World (Net TR) 

Invest in direct mutual funds

  • Enjoy 0% commission
  • SIP starting at ₹500

The MSCI AC World Index is MSCI’s flagship global equity index investing in global large- and mid-cap stocks across emerging market and developed economies.

Fund Managers

Mr. Hitesh Das

Mr. Hitesh Das has worked as a risk analyst and equity research analyst in the past 10 years across organizations. 

Names of other schemes managed by him are:

  • Axis Growth Opportunities Fund (along with Jinesh Gopani)
  • Axis ESG Equity Fund
  • Axis Global Equity Alpha Fund of Fund
  • Axis Special Situations Fund
  • Axis Bluechip Fund (along with Mr Shreyash Devalkar)
  • Axis Midcap Fund (along with Mr Shreyash Devalkar)
  • Axis Multicap Fund (along with Mr Shreyash Devalkar)
  • Axis Focused 25 Fund (along with Mr Jinesh Gopani)

Mr R Sivakumar

Mr Sivakumar will be managing the debt portion of the fund. He has worked as a research analyst and a debt fund manager with multiple AMCs before Axis Mutual Fund.

Names of other schemes managed by him are:

  • Axis Dynamic Bond Fund (Along with Mr Devang Shah)
  • Axis Capital Protection Oriented Fund – Sr. 5 (Along with Mr Ashish Naik)
  • Axis Children’s Gift Fund (Along with Mr Ashish Naik)
  • Axis Triple Advantage Fund (Along with Mr Ashish Naik)
  • Axis Dynamic Equity Fund (Along with Mr Anupam Tiwari)
  • Axis Equity Saver Fund (Along with Mr Anupam Tiwari)
  • Axis Equity Hybrid Fund (along with Mr Ashish Naik)
  • Axis Retirement Savings Fund including Aggressive Plan, Conservative Plan and Dynamic Plan
  • Axis All Seasons Debt Fund of Fund
  • Axis Global Equity Alpha Fund of Fund

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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.