Axis Mutual Fund, today announced the launch of their new fund – ‘Axis Global Innovation Fund of Fund’. The fund will provide investors with the chance to invest in Schroder International Selection Fund Global Disruption, an equity fund that aims to provide extended term capital development by investing in firms worldwide that advantage from disruption. The New Fund Offer (NFO) opens for subscription from Monday, May 10-May 21.
Schroder ISF (International Selection Fund) Global Disruption seeks to provide capital development by investing in revolutionary firms that are redefining their industries or are effectively adapting to alter. The fund is actively managed to access several disruption themes globally which includes – Environment, Automation, Healthcare, FinTech, Communication, Food and Water, New Consumer, Digitalization, and E-Commerce.
The firm says exposure to international investment possibilities today is one of the most essential elements for investors to broaden their investment universe. Global investing enables investors to capture disruptive development by means of a variety of themes, a lot of of which are not offered on the listed markets in India. Global investing, thus, diversify the investment portfolio for investors and has the possible to enhance their threat-adjusted returns.
Chandresh Kumar Nigam, MD and CEO, Axis AMC, says “At Axis AMC, we have successfully been at the forefront of developing product innovations and creating diversified solutions that offer long-term wealth creation options for our investors. Thematic products allow investors to participate in important structural themes in a targeted manner. In that context, we are extremely excited to offer investors a product that captures one of the most significant themes of the current age – disruptive innovation precipitated by technological advancements and changes to the business environment.”
He additional adds, “Companies that are bringing about and benefiting from these changes have the potential to generate high growth. The Schroders fund can scout for such companies on a global basis, giving us access to the best such ideas from around the world.”
Highlights of the new fund supply
An open-ended fund of fund scheme investing in Schroder International Selection Fund Global Disruption (SISF) – a international equity fund that aims to provide capital development by investing in firms worldwide that advantage from disruption. Industry professionals say disruptive development is an chance for investors to capture considerable worth creation more than time. SISF focuses on a broad set of sub-themes which includes fin-tech, e-commerce, environmental, healthcare, and so forth. Offers Indian investors an chance to participate in a globally diversified equity portfolio that can complement their Indian equity allocation. Minimum application (NFO) of Rs 5,000 and in multiples of Re 1/- thereafter. Benchmark: MSCI AC World (Net TR) (INR)
Alex Tedder, CIO, Head of Global and Thematic Equities, Schroders Investment Management says, “With our goals completely aligned with Axis MF, we wish to provide investors in India with best in class global products and Axis Global Innovation Fund of Fund is an important part of that objective.”