Axis MF introduces Business Cycles Fund
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Axis Mutual Fund (MF) has launched Axis Business Cycles Fund, an open-ended equity scheme following business cycles based investing theme. The NFO opens for subscription on February 02, 2023 and closes on February 16, 2023. The Entry load is not applicable for the scheme. The Exit load will be nil for 10% of investment, if redeemed / switched-out within 12 months from the date of allotment and 1% exit load for remaining investment, if redeemed/switched out after 12 months from the date of allotment. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty 500 TRI and its fund managers are Ashish Naik and Hitesh Das.
The investment objective of the scheme is to provide long term capital appreciation by investing predominantly in equity and equity related securities with a focus on riding business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.
