Axis Mutual Fund Launches Axis India Manufacturing Fund

Mutual Fund
Nov 30, 2023 by Axis Mutual Fund | Mutual Fund | 5 Downloaded

Aims to enable investors leverage India's Manufacturing Renaissance

(An Open-Ended Equity Scheme representing the India manufacturing theme)

Highlights:

  • Category: Thematic

  • Benchmark: NIFTY India Manufacturing TRI

  • Fund Manager: Mr. Shreyash Devalkar and Mr. Nitin Arora

  • NFO open date: 1st December 2023

  • NFO close date: 15th December 2023

  • Minimum Application Amount: Rs. 500 and in multiples of Rs. 1/- thereafter

  • Exit Load:

    • If redeemed / switched out within 12 months from the date of allotment:

      For 10% of the investment: Nil

      For the remaining investment: 1%

    • If redeemed / switched out within 12 months from the date of allotment: Nil

Mumbai, November 29, 2023: In an endeavour to harness the potential of India's growing manufacturing theme, Axis Mutual Fund, one among the fastest growing fund houses in India, has announced the launch of Axis India Manufacturing Fund. The latest offering is an open-ended equity scheme that represents the India manufacturing theme and will be benchmarked against the Nifty India Manufacturing TRI. The NFO, opens on 1st December 2023, and aims to enable investors to leverage the potential of India’s manufacturing theme, that is expected to grow in the coming years. The NFO will remain open until 15th December 2023.

"The Axis India Manufacturing Fund arrives at a critical juncture where India’s economy is being fuelled by strategic initiatives like 'Make in India', and a spate of reforms," explained Mr. B. Gop Kumar, MD & CEO, Axis AMC. "This thematic fund, is designed to capitalize on India’s growing momentum, focusing on sectors that stand to redefine India’s industrial contours. We invite investors to embrace the future with the Axis India Manufacturing Fund, a fund that's engineered to grow with India's manufacturing ambitions," added Mr. B. Gopkumar.

Why the ‘Manufacturing’ Theme?

India is pivoting towards an exciting future, marked by the adoption of new-age technologies and an emphasis on sustainable development. Government initiatives and labour and tax reforms are making India a globally competitive manufacturing hub. Unlike other economies, the Indian economy is heavily dependent on consumption, which makes it less cyclical to global economic vagaries. Some of the key reasons for the accelerating growth have been improving economic sentiment that boosts demand for products, and high-capacity utilization that is enabling economies of scale. Therefore, it represents a three-pronged opportunity as seen below:


Three-pronged opportunity

Source: Axis MF Research as on 30th Sep 2023


"India is transitioning rapidly, thanks to significant government impetus, favourable policy frameworks, and its improved cost competitiveness to global peers," observed Mr. Ashish Gupta, Chief Investment Officer, Axis AMC. "With the Axis India Manufacturing Fund, we aim to curate a portfolio that not only reflects the theme’s robust growth potential but also actively contributes to our investors' wealth creation opportunities, positioning them to benefit from the companies that are set to be the vanguards of this industrial renaissance.”

Axis India Manufacturing Fund

The Axis India Manufacturing Fund aims to strategically invest in themes that are poised to benefit from the structural shifts in the Indian economy. The fund seeks to provide a diversified approach, reflecting the breadth and depth of India's manufacturing prowess. It is set to encompass a wide spectrum of industries, from capital goods and consumer durables to textiles and pharmaceuticals, thus offering investors a comprehensive avenue to participate in India's manufacturing success story.

The fund will aim to identify companies across three segments of the Indian economy:

  • Investments (Capex Cycle): Manufacturers investing in factory equipment and R&D to build production capacity.

  • Consumption (Increasing Income leads to Premiumization): Industries with rising demand trajectory due to domestic consumption and premiumization narrative.

  • Net Exports (Focus on Import Substitution): Focus on companies benefiting from India’s integration into the global supply chain.

The fund will follow a bottom-up approach with a multi-cap stock selection strategy. In addition to adopting an active sectoral allocation and ‘Quality’ style of investing, the Axis India Manufacturing Fund would also be focusing on the under-represented segments of Indian listed markets.

The Axis India Manufacturing Fund is envisioned as a conduit for investors to leverage the promising opportunities that lie within India's manufacturing theme.

For detailed information on the investment strategy and to view the Scheme Information Document (SID)/Key Information Memorandum (KIM), please visit www.axismf.com.

Sources: Axis MF Research

Product Labelling and Riskometer:

AXIS INDIA MANUFACTURING FUND (An open-ended equity scheme representing the India manufacturing theme)


Axis India Manufacturing Fund Risk o meter

(The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investment are made.)


About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds (https://www.axismf.com/), portfolio management services and alternative investments (https://www.axisamc.com/homepage).

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

Stock(s) / Issuer(s)/ Top stocks, if any, mentioned above are for illustration purpose and should not be construed as recommendation.

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

Feedback
Notification