Axis Mutual Fund NFO 23.08.2024

 

Inflection point and economic growth

When a country hits an inflection point, it experiences major infrastructure growth, increased consumption, and strong economic expansion. For India, this moment is seen in the rise of wealthy households, leading to more spending on luxury items. As incomes rise, people can easily meet their basic needs and spend more on their wants.

Rise in Per Capita Income – Consumption at an inflection point
 

Mutual Fund	Axis Mutual Fund
Scheme Name	Axis Consumption Fund
Objective of Scheme	To provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. There is no assurance that the investment objective of the Scheme will be achieved
Scheme Type	Open Ended
Scheme Category	Equity Scheme - Sectoral/ Thematic
New Fund Launch Date	23-Aug-2024
New Fund Earliest Closure Date	06-Sep-2024
New Fund Offer Closure Date	06-Sep-2024
Indicate Load Seperately	Entry Load: Not Applicable Exit Load: If redeemed / switched-out within 12 months from the date of allotment: For 10% of investments: NIL For remaining investments: 1% If redeemed / switched-out after 12 months from the date of allotment: NIL
Minimum Subscription Amount	Rs. 100 and in multiples of Re. 1/- thereafter
For Further Details Please Visit Website	https://www.axismf.com

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Bharat’s consumption growth story:

India's household consumption nearly doubled in the past decade at a CAGR of 7.2%, higher than China, the US, and Germany.

India's economic landscape is rapidly evolving, fueled by a growing population and the emergence of the world's largest middle class. This demographic shift, coupled with increasing income levels and aspirations, is driving a significant uptick in consumption. Such a trend offers a golden opportunity for businesses to capitalize on the expanding market, making it an ideal time to invest in India's consumption-driven growth story.

With these impressive statistics, it’s clear that India’s consumption of consumer goods is skyrocketing, driving robust growth across various sectors. You can also be a part of this consumption growth by investing in Axis Consumption Fund, with a minimum investment starting from only ₹100.