Axis Mutual Fund Growth Opportunities Fund NFO (New Fund Offer) will be open for subscription from October 01, 2018, to October 15, 2018. The NFO price for the open-ended equity scheme is 10 Rupees per unit.
The investment objective of the Axis Growth Opportunities Fund is to produce long-term capital appreciation by making investments in a diversified portfolio of equity instruments and equity-related securities both in India and overseas. The open-ended equity scheme will invest in both large-cap and mid-cap stocks.
The open-ended equity mutual fund scheme offers Growth option, and Dividend option (Payout and Reinvestment facility) with a minimum application amount of 5000 Rupees and in multiples of one Rupee thereafter.
The minimum additional amount for the Axis Growth Opportunities Fund is 100 Rupees and in multiples of one Rupee thereafter.
The new fund aims to collect a minimum subscription or target) amount of 10 crore Rupees during the Axis Mutual Fund Growth Opportunities Fund NFO period.
The Axis Mutual Fund scheme will invest 35 percent to 65 percent of its assets in equity and equity-related securities of large-cap stocks and mid-cap stocks with a high-risk profile. The scheme will also invest up to 30 percent of assets in debt and money market securities with low to medium risk profile.
The scheme offers no exit load charge for 10 percent of investment and 1 percent exit load charge for remaining investment if the units are redeemed/ switched out on or before 12 months from the date of allocation. The scheme has no exit load charge if the units are redeemed/ switched out after 12 months from the date of allocation.
The Axis Growth Opportunities Fund is benchmarked against the S&P BSE-200 Index. The Axis Asset Management Company has appointed Jinesh Gopani and Hitesh Das as the fund managers of the scheme.
The new scheme offers Lumpsum, SIP, SWP, and STP modes of investment, based on information in The Economic Times.
The Axis MF house has announced the launch of the new fund and the Axis Mutual Fund Growth Opportunities Fund NFO period on September 22, 2018, according to KJMC.[The views and opinions expressed in this article are those of the authors and do not necessarily reflect the views and/or the official policy of the website. ]