Axis Mutual Fund launches ‘Axis Global Innovation Fund of Fund'
· An open ended fund of fund scheme investing in Schroder International Selection Fund Global Disruption (SISF) – a global equity fund that aims to provide capital growth by investing in companies worldwide that benefit from disruption
· Disruptive growth is an opportunity for investors to capture significant value creation over time
· SISF focuses on a broad set of sub-themes including fin-tech, e-commerce, environmental, healthcare etc.
· Offers Indian investors an opportunity to participate in a globally diversified equity portfolio that can complement their Indian equity allocation
· Minimum application (NFO) of Rs. 5,000 and in multiples of Rs.1/- thereafter
· Benchmark: MSCI AC World (Net TR) (INR)
· NFO date: May 10th 2021 to May 21st 2021
Axis Mutual Fund, one of the fastest-growing fund houses in India, today announced the launch of their new fund – ‘Axis Global Innovation Fund of Fund’. The fund will provide investors with an opportunity to invest in Schroder International Selection Fund Global Disruption, an equity fund that aims to provide long term capital growth by investing in companies worldwide that benefit from disruption. The New Fund Offer (NFO) opens for subscription from Monday, May 10 to May 21.
Disruption is ubiquitous. It transforms the way we live, displaces existing markets, and pioneers new creations we didn’t even know we needed. Today, disruptive forces are manifesting themselves faster than ever due to technological advancements, creating a rich and fast-growing universe of transformational companies with growth potential. Disruption is also changing the way the global economy operates and the rapid evolution of new companies is transforming the way they interact with their customers. Companies faced with disruption (from a new competitor or product) usually react by becoming either an enabler (the conduit for change), an adaptor (the positive respondent who seeks to amend their business or product range) or a denier (the incumbent who fails to adapt).
Schroder ISF (International Selection Fund) Global Disruption seeks to provide capital growth by investing in innovative companies that are redefining their industries or are successfully adapting to change. The fund is actively managed to access multiple disruption themes globally including – Environment, Automation, Healthcare, FinTech, Communication, Food & Water, New Consumer, Digitalization, and E-Commerce.
Exposure to global investment opportunities today is one of the most crucial aspects for investors to broaden their investment universe. Global investing also allows investors capture disruptive growth through various themes, many of which are not available on the listed markets in India. Global investing therefore diversifies the investment portfolio for investors and has the potential to improve their risk adjusted returns.
On the launch of the NFO, Mr. Chandresh Kumar Nigam, MD & CEO, Axis AMC, said “At Axis AMC, we have successfully been at the forefront of developing product innovations and creating diversified solutions that offer long-term wealth creation options for our investors. Thematic products allow investors to participate in important structural themes in a targeted manner. In that context, we are extremely excited to offer investors a product that captures one of the most significant themes of the current age – disruptive innovation precipitated by technological advancements and changes to the business environment. Companies that are bringing about and benefiting from these changes have the potential to generate high growth. The Schroders fund is able to scout for such companies on a global basis, giving us access to the best such ideas from around the world.”
Alex Tedder, CIO, Head of Global & Thematic Equities, Schroders Investment Management said, “We are truly pleased to extend our partnership with Axis AMC to another global fund. With our goals completely aligned, we wish to provide investors in India with best in class global products and Axis Global Innovation Fund of Fund is an important part of that objective.”