Axis India Manufacturing Fund NFO Unveiled: Crucial Insights You Must Grasp

1 Dec 2023 , 10:45 AM

Axis Mutual Fund is launching NFO under its “Sectoral category”, named as Axis India Manufacturing Fund. The investment objective of the scheme is to investing in equity and equity related securities of companies engaged in manufacturing theme.

Investment strategy: In the new normal, global firms are increasingly diversifying production bases and the markets they serve with an emphasis on profitability and regulatory risk. The objective is to bring in resilience in supply chains. Several global corporations in the automotive, electronics, engineering, food processing, chemicals and healthcare sectors have set up large manufacturing operations in India. This has been further accelerated by the government’s thrust on domestic manufacturing.

Asset allocation: The scheme will invest in equity and equity related securities of manufacturing companies.

Who should invest?

Investors with very high risk appetite and want to invest for 5 years to diversify their portfolio in Manufacturing companies stocks should invest in Axis India Manufacturing Fund. 

Risk associated: Very high level of risk.

Benchmark: NIFTY India Manufacturing TRI.

Fund Managers: Mr. Shreyash Devalkar and Mr. Nitin Arora.

The NFO is available for subscription from December 1 to December 15. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter. 

It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Axis India Manufacturing Fund.