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  • News From Press A reclassified fund must serve your objective, says Axis Mutual Fund MD

    A reclassified fund must serve your objective, says Axis Mutual Fund MD

    Source: Business Standard Apr 29, 2018

    “Investors need to understand whether the fundamental attribute change is causing a material change in a fund's investment style and risk-return positioning. The fundamental attributes of many funds have changed to clearly highlight the maturity bucket of the portfolio (in case debt funds) or the large cap/mid-cap definition of the universe (in equity funds) to align with Sebi's prescribed definitions of scheme categories. If the proposed change causes a significant shift in the way the fund will be managed, investors need to take a call on whether they agree with the change. If not, they should exit and re-allocate to funds that are better aligned with their objectives.” 
     

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