Axis Mutual Fund has renamed and repositioned its exiting scheme Axis Dynamic Equity Fund into Axis Balanced Advantage Fund with effect from October 1.
Axis Balanced Advantage Fund is an open ended dynamic asset allocation fund which manages exposure actively between equity and fixed income. The fund house will follow in house methodology to determine the asset allocation.
The scheme can also invest in units of REITs and InvITs.
In a press release, Chandresh Nigam, MD & CEO, Axis AMC said, “As investors, we all want to invest with the confidence that our investments will not fall prey to vagaries of market volatility. Balanced advantage funds allow investors to mitigate equity risk through a structured process that manages equity exposure dynamically.”
