Axis mutual fund is launching a new equity scheme, “Axis Value Fund”, that follows an open ended investment strategy.
The listing date for Axis Value Fund is from September 2, 2021, to September 16th, 2021. The scheme re-opens for further subscriptions and redemptions within five days from the date of allotment.
Axis value fund’s primary objective is to offer long-term capital appreciation through its equity and equity related securities investing strategy. However, the scheme doesn’t guarantee that the primary objective of the fund will be realized.
Axis Value Fund Offer Details
|Axis value fund||Details|
|NFO Opening Date||2nd Sep 2021|
|NFO Closing Date||16th Sept 2021|
|Re-open Date||After five days from the date of allotment|
|Type of Fund||Open-ended Equity scheme|
|Minimum Investment Amount||Rs. 5,000|
|Minimum Additional Purchase Amount||Rs. 1,000|
|Exit Load||0 -1%|
|Benchmark||S&P BSE 200 TRI|
|Plans and Options||Regular Plan & Direct Plan|
|Fund Manager||Mr. Jinesh GopaniMr. Hitesh Das (for Foreign Securities)|
- All the investment amounts should be multiple of INR 1/-
- Minimum SIP/STP for Quarterly frequency is INR 1,000/-
- Minimum SWP for Quarterly frequency is INR 3,000/-
- Exit Load – 1% if redeemed before 365 days and 0% if redeemed after.
Who Can Invest?
Axis value fund best suits investors who aim to create long-term wealth. The fund spreads its assets across equity and equity securities, indicating capital appreciation with protection from downside risk. Hence investors with a low understanding of risk can consider investing in the Axis value fund. Moreover, investors looking for equity and equity related instruments can invest in this fund. The fund suits investors with a minimum of 3+ years of investment horizon.
Explore: Best Axis Equity Funds
Axis Value Fund Managers
Mr. Jinesh Gopani
Mr. Jinesh Gopani manages the equity portion of the Axis value Fund. He joined Axis mutual fund in 2011 and has more than 15 years of industry experience. Before joining Axis, he worked with Birla Sun Life mutual fund, Voyager India Capital Pvt. and Emkay Share & Stock Brokers Ltd. Mr. Jinesh is 41 years old and holds a Masters in Management from Bharati Vidyapeeth Institute of Management Studies.
Mr. Hitesh Das
Mr Hitesh Das is responsible for the overseas investments portion of the Axis Value Fund. He has more than ten years of industry experience and joined Axis in 2015. Before joining Axis mutual fund, he was with Barclays Securities India Pvt. Ltd. Mr Das has done PGDM, M.Tech and B.Tech.
Funds Managed by Mr. Jinesh Gopani and Hitesh Das.
- Axis Focused 25 Fund.
- Axis Long Term Equity Fund.
- Axis Growth Opportunities Fund.
- Axis Retirement Savings Fund.
|Types of Instruments||Indicative Allocation Minimum||Indicative Allocation Maximum||Risk Profile|
|Equity and Equity Related Instruments||80%||100%||High|
|Debt and Money Market Instruments||0||20%||Low to Medium|
|Units issued by REITs and InvITs||0||10%||Medium to High|
Axis Value Fund is an open-ended equity fund that offers an open end investing strategy edge to its investors. The fund has the flexibility to invest in equity and 20% in debt securities based on market conditions. The fund includes investment opportunity towards foreign securities including ADRs / GDRs / Foreign equity and debt securities not exceed 30% of the net assets though.
Axis Value Fund scheme offers units for redemption and subscription at net asset value price. The fund commencing will not exceed 5 days from the date of allotment and the Axis mutual fund should dispatch the redemption within 10 working days.
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