Axis Mutual Fund has launched the Axis Dynamic Equity Fund, an open-ended equity scheme which will use a systematic rule-based model to dynamically adjust its equity allocation over time. The scheme will open for subscription on July 11 and close on July 25.
The fund house is targeting to collect ₹1,000-1,500 crore.
Traditional equity funds tend to remain fully invested across market cycles and have delivered great returns over the long term. However, equity markets are cyclical in nature and exhibit intermittent episodes of market fluctuations leading to sharp fall in returns. Consequently, many investors tend to redeem or stop investing during challenging market periods and subsequently miss out on the long-term benefits, said Axis MF.
