Axis MF has launched Axis Special Situations Fund, an open ended thematic equity scheme that focuses on sectors that have emerged stronger and sustained the pandemic.
The fund will invest across market capitalisation in both domestic and global markets. Schroder, stakeholder in Axis MF will advise on overseas investments.
The fund house said that the changes wrought by the pandemic have only accelerated the disruptive trends that have been around us. The fund house expects these trends to sustain in the post pandemic economy as well. ”A combination of government push, global investments and domestic ingenuity and focus on low cost, wide adoption models have already seen us coming up with unique transformative solutions in India such as Aaadhar, UPI etc. So while disruption and the resulting innovation itself is not new and we have seen multiple waves of it through history - right from the industrial revolution – what is different this time is the pace of change and the presence of well-funded disruptors in every sector that are up-ending the traditional ways of doing business,” said the fund house.
Chandresh Kumar Nigam, MD & CEO, Axis MF said, “As the world transforms around us led by ever accelerating technological change and innovation, investors need to be able to allocate to and benefit from this theme – whether in Indian or global markets.”
