Axis MF has launched Axis Multicap Fund, an open ended equity scheme that will invest across large cap, mid cap, and small cap stocks.
Axis Multicap Fund will be benchmarked against the NIFTY 500 Multicap 50:25:25 Index and Anupam Tiwari along with Sachin Jain will be the fund managers.
The fund will strive to capture potential opportunities throughout the lifecycle of companies across various market capitalisations. Tapping potential companies, the fund will stipulate balanced allocation in all three market segments.
In a press release, Chandresh Nigam, MD & CEO, Axis AMC, said, “This fund will help our investors package large, mid and small-cap stocks in one single portfolio and steer through volatile market cycles. Our fundamentals rely on quality and it has helped us sail through tough market conditions. I am confident that our market-wide allocation strategy and our philosophy will help us deliver sustainable growth over the long run.”
The NFO opens on November 26, 2021 and closes on December 10, 2021.
