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Axis Mutual Fund has launched Axis Consumption fund, an open-ended fund that aims to invest in consumption-driven sectors including FMCG, auto, telecommunication, healthcare and realty.
The fund will follow a bottom-up approach with a quality-focused style of investing, capturing the emerging trend in the consumer story. The NFO opens on August 23 and closes on September 6.
In the press release, Ashish Gupta, CIO, Axis MF said “As our population’s aspirations grow and spending power increases, companies in this space are positioned for sustained growth. The fund offers investors an opportunity to participate in this unfolding trend and aims to build a robust portfolio that captures dynamic growth. This fund not only reflects the current consumption trends but also anticipates future growth drivers, positioning our investors to reap the benefits of India’s economic transformation. This thematic approach aligns with the fundamental drivers of our nation’s progress, potentially offering a unique avenue for long-term wealth creation.”
B. Gopkumar, MD & CEO, Axis MF said, “The fund is our strategic approach to one of the most compelling narratives in our country today – the evolution of our consumer landscape. This fund aims to capture the value created by India’s expanding consumer base, their changing preferences, and increasing purchasing power. We aim to build a diversified portfolio offering investors a strategic investment avenue that reflects the opportunities in the Indian market.”
