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Axis MF launches multi-asset open ended equity fund
Source: IRIS | 21 Jul, 2015, 05.07PM
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Axis Mutual Fund, one of the premier asset management companies in India, announced the launch of Axis Equity Saver Fund, an open ended equity scheme. The two week NFO period for Axis Equity Saver Fund would open on Monday, Jul. 27, 2015 and close on Monday, Aug. 10, 2015. The scheme would reopen for ongoing subscription from Thursday, Aug. 20, 2015.

Axis Equity Saver Fund will rely on asset allocation across multiple asset classes in order to seek reasonable returns while bringing down risk for the investors. The fund will invest in different investment avenues like equity, arbitrage and debt within a common fund. Such combined portfolios have lower risk compared to pure equity products.

The fund can invest a maximum of 45% in equities and the balance allocation is spread between income generating assets including fixed income and arbitrage. The asset allocation also allows for a tax efficient structure from an investor’s perspectiv
e.

The fund will be managed by Jinesh Gopani (equity) and R Sivakumar (debt).

Chandresh Nigam, CEO, Axis Mutual Fund said, ''Axis Mutual Fund has been at the forefront of product innovation. The core principle that we like to work with is to have sound risk management across all our products. With that objective, we have launched a number of multi-asset funds in the past including Axis Income Saver, Axis Triple Advantage Fund,
Axis Hybrid Funds and Axis Capital Protection Oriented Funds. Continuing on that approach we are very excited to launch Axis Equity Saver Fund that will endeavor to offer a superior risk-return mix for long term investors in a tax efficient structure.

We have observed that across markets, across time periods, asset allocation portf
olios are able to bring down risk and generate reasonable outcomes for investors. In the Indian context, where the high volatility of equities deters investors, asset allocation strategies are likely to lead the way in getting investors to experience the power of long-term investments and to try and achieve their goals using Mutual Funds.''

The Scheme is benchmarked against CRISIL MIP Blended Fund Index and has two plans viz. Direct Plan & Regular Plan with both of them offering Growth and Dividend options.

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