The Axis Consumption Fund is an open-ended equity scheme launched by Axis Mutual Fund on August 23, 2024. Its primary objective is to generate long-term capital appreciation by investing in companies operating in the consumption and related sectors. The fund aims to achieve this through an actively managed portfolio of equity and equity-related securities. However, there is no guarantee that this objective will be realised. The fund has an entry load of 0% and an exit load of 1% if redeemed or switched out within 12 months of allotment. After 12 months, there is no exit load. The minimum subscription amount is ₹100.
Objective of Scheme: The investment objective of the Axis Consumption Fund is to provide long-term capital appreciation from an actively managed portfolio of equity and equity-related securities of companies engaged in consumption and consumption-related sectors or allied sectors. There is no assurance that the investment objective of the scheme will be achieved
Risk-o-meter:
Funds Allocation
Source: Scheme Information Document
Who should invest in this fund?
This NFO of the Axis Consumption Fund is suitable for investors who are seeking long-term capital appreciation and want to invest in equity and equity-related securities in consumption and consumption-related companies.
Benchmark
The performance of the Axis Consumption Fund will be benchmarked to the performance of the Nifty India Consumption TRI.
Peer Fund Schemes
Data As of August 22, 2024.
Who Manages the Scheme?
Shreyash Devalkar (AUM(Cr) – ₹233,560.11, Schemes – 13) – Collectively over 10 years of experience.
Hitesh Das (AUM(Cr) – ₹58,789.20, Schemes – 6) – Total number of years of experience: 12
Ms Krishnaa Narayan (For Foreign Securities) – She is a 28-year-old Chartered Accountant and Bachelor of Commerce and has a total of 3 years of experience.
Conclusion
The Axis Consumption Fund is ideal for investors looking to capitalise on growth in the consumption sector. It offers an opportunity for long-term capital appreciation with a well-managed equity portfolio.