Axis Build India Fund filed with SEBI

Introduction

Axis Mutual Fund has filed a new offering, Axis Build India Fund, with SEBI. This thematic fund focuses on investing in companies that create and enable the development of real assets. These assets are essential for infrastructure, real estate, and logistics, aligning with India’s growth trajectory.

Fund Objective

The Axis Build India Fund aims to provide long-term capital appreciation through an actively managed portfolio. It primarily invests in equity and equity-related securities of companies engaged in creating real assets like infrastructure and transportation, which are crucial for economic growth.

Fund Manager

The fund is managed by Axis Asset Management Company Ltd., which follows a fair value-based research process, ensuring investments in companies with robust business models and sustainable competitive advantages.

Category and Type

• Category: Thematic Fund
• Type: Open-ended equity scheme
  The fund follows a theme-centric approach, focusing on sectors involved in building real assets, such as construction, power, metals, and capital goods.

Asset Allocation

The asset allocation pattern is as follows:

• Equity & Equity-related Instruments (Companies creating/enabling real assets): 80-100%
• Other Equity-related Instruments: 0-20%
• Debt & Money Market Instruments: 0-20%
• REITs & InvITs: 0-10%

The fund also plans to use derivatives for hedging and portfolio balancing, offering a diversified approach to investing in real asset-based companies.

Benchmark

The fund uses Nifty 500 TRI as its benchmark. This index tracks the performance of the top 500 companies across large-cap, mid-cap, and small-cap segments, ensuring broad market representation.

Key Features and Plans

• Minimum Investment: Rs. 100 during the NFO period
• Plans: Regular Plan and Direct Plan, each offering Growth and Income Distribution cum Capital Withdrawal (IDCW) options.

Important Details

• Exit Load: 1% for redemption or switching out within 12 months (after 10% of investments); nil thereafter.
• NFO Pricing: Rs. 10 per unit during the New Fund Offer (NFO) period.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.