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Axis Mutual Fund received over Rs.3400 crore during the NFO of its Axis India Manufacturing Fund.
This NFO, which closed on Dec 15, saw over 1 .50 lakh application across 500 locations with healthy participation from B30 cities, said the fund house.
In a press release, B. Gopkumar, MD & CEO, Axis MF said, “A significant ~10% of the applicants opted for long-term investments through SIPs (Systematic Investment Plans). Almost 30% of the Investors who invested in the NFO were new to Axis Mutual Fund, advocating their faith in us. This strong response marks the evolution of India’s investor base who are demonstrating the resilience and preference for such funds while understanding the long-term opportunities to leverage, given the fact that India remains on a higher growth trajectory and the government’s strong focus on manufacturing.”
