Axis Mutual Fund has launched ‘Axis Global Innovation Fund of Fund’. The fund will invest in Schroder International Selection Fund Global Disruption, an equity fund that invest in companies worldwide that benefit from disruption.
The underlying fund is actively managed to access multiple disruption themes globally including environment, automation and healthcare among others.
In a press release, Chandresh Kumar Nigam, MD & CEO, Axis MF, said “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. The Schroders fund is able to scout for such companies on a global basis, giving us access to the best such ideas from around the world.”
