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Axis Mutual Fund (MF) has launched the Axis Value Fund, an open-ended equity scheme following a value investment strategy. The NFO opens for subscription on September 02, 2021, and closes on September 16, 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 will be benchmarked against S&P BSE 200 TRI and its fund managers are Jinesh Gopani and Hitesh Das.

The investment objective of the scheme is to generate consistent long-term capital appreciation by investing predominantly in equity and equity related securities by following value investing strategy.