Axis MF introduces Multicap Fund
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Axis Mutual fund (MF) has launched the Axis Multicap Fund, an open-ended equity scheme investing across large cap, mid cap, small cap stocks. The NFO opens for subscription on November 26, 2021 and closes on December 10, 2021. The Entry load is not applicable for the scheme. If redeemed / switched-out within 12 months from the date of allotment the exit load will be nil for 10% of investment and 1% exit load for remaining investment. If redeemed/switched out after 12 months from the date of allotment the exit load will be nil. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the Scheme would be benchmarked against the NIFTY 500 Multicap 50:25:25 Index and its fund manager is Anupam Tiwari.
The primary investment objective of the scheme is to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments across market capitalization.
