Axis Mutual Fund, one amongst the fastest growing fund houses in India, announced the launch of their new fund offer – Axis Business Cycles Fund, an open ended equity scheme following business cycles based investing theme. The NFO opens on 2nd February 2023 and closes on 16th February, 2023.
The scheme will be managed by Mr. Ashish Naik. The new fund will track the NIFTY 500 TRI and the minimum investment amount would be Rs. 5000 and in multiples of Rs. 1/- thereafter. On the launch of the NFO, Mr. Chandresh Nigam, MD & CEO, Axis AMC, said “If one were to assess India’s growth through a ‘Business Cycle’ lens, we are currently at an interesting position, between the Expansion and Peak phase.
Multiple drivers are beginning to fall in place for investment cycle pick up in India. Axis Business Cycles’ unique hybrid investment approach (mix of Top Down and Bottom Up) follows the Quality style of investing and offers no market cap bias to investors. As a fund house that believes in leveraging market opportunities in a disciplined manner, we believe that the Axis Business Cycles Fund will be a notable add on in an investor’s portfolio.”