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Axis Mutual Fund is launching a new fund offer (NFO) for Axis Quant Fund. The NFO is open for subscription between June 11 and June 25, 2021.

Read on to find out more about the NFO.

Investment Objective

Axis Quant Fund is an equity mutual fund that aims to achieve long-term capital appreciation for its investors by following the quantitative model. However, there is no assurance that the objective will be achieved.

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Quant funds make use of computer-based and mathematical quantitative models to invest in stocks. Human intervention is minimal. Fund managers pick a set of factors and let the machine models do the data crunching and stock-picking.

The AMC has shared a list of fundamental factors that Axis Quant Fund may consider while picking stocks:

  • Return on Equity 
  • Sales growth
  • Cash flow
  • Debt to equity ratio
  • Earnings growth
  • Price to book
  • Price to earnings
  • Dividend yield
  • Earnings yield 

There are also some technical and risk factors that the fund; mathematical model may consider.

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Equity & Equity related instruments of selected companies based on a quantitative model 80% 100% High
Other equity instruments 0% 20% High
Debt and money market instruments 0% 20% Low to medium
Units issued by REITs & InvITs 0% 10% Medium to high

Fund Details

Scheme name Axis Quant Fund
Type of scheme An equity mutual fund following the quantitative model 
NFO Dates June 11, 2021, to June 25, 2021
Fund Managers
  • Hitesh Das for foreign securities
  • R. Sivakumar for the debt portion 
Benchmark S&P BSE 200 TRI
Minimum Amount for Application during NFO Rs.5,000 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 all 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

The scheme will benchmark its performance against S&P BSE 200.S&P BSE 200 index measures the performance of the top 200 companies listed at BSE.

Fund Managers

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)
  • Axis Quant Fund (along with Deepak Agarwal)

Deepak Agarwal

Mr Agarwal has worked as an equity research analyst with several asset management companies and brokerage firms in the past 10 years.  He has been with Axis AMC since 2015.

  • Axis Banking ETF (along with Viresh Joshi)
  • Axis Quant Fund (along with Mr Hitesh Das) 
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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.