Tuesday, August 27, 2024

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
 

Axis Consumption Fund
Mutual FundAxis Mutual Fund
Scheme NameAxis Consumption Fund
Objective of SchemeTo 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 TypeOpen Ended
Scheme CategoryEquity Scheme - Sectoral/ Thematic
New Fund Launch Date23-Aug-2024
New Fund Earliest Closure Date06-Sep-2024
New Fund Offer Closure Date06-Sep-2024
Indicate Load SeperatelyEntry 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 AmountRs. 100 and in multiples of Re. 1/- thereafter
For Further Details Please Visit Websitehttps://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.

Axis Consumption Fund

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.

Axis Consumption Fund

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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