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.
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