Axis Mutual Fund launches ‘Axis Global Innovation Fund of Fund'

Highlights: -

·         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 10^th 2021 to May 21^st 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.”

 

You can visit our website www.axismf.com or download mobile app ‘Axis Mutual Fund’ (Android/IOS) and start your investment journey now.

 

 

Top five reasons why blockchain technology

 Top five reasons why blockchain technology compliments e-invoicing

The current pandemic has brought to fore the significance of digitalization to fast track the accounts receivables process in these uncertain times. E-invoicing is one way to accelerate delivery of invoices and collection of payments. However, since invoicing is an activity that consists of multiple parties (customers, vendors, suppliers etc.), it is susceptible to delays, errors and frauds. Ensuring digital trust will be fundamental in the post-COVID era, and Blockchain fits the bill. Blockchain brings a unique level of trust in the payment process, allowing government and businesses to process payments in a swift and secure manner. This listicle encapsulates the top five reasons why blockchain technology is best suited for modern e-invoicing solutions-

1. An immutable ledger- Blockchain comes to the rescue to solve the trust deficit in invoicing, as the original encapsulated block can never get deleted. It is the perfect fit for multi-party collaboration. This decentralized blockchain system will effectively streamline the adoption of e-invoicing by registered GST businesses, without hindering the automation aspect.
   
   
2. Deterrent to fake invoices- Implementing a blockchain-based platform would eradicate the possibility of raising fake invoices as the access to the platform is highly secured. Every single node (third-party) has got two databases—a public database and a private database. The public database shares only a hash and the private database which contains the invoice. While the hash is circulated across the nodes for visibility of transaction, the invoice transfer occurs only from peer-to-peer. A separate connection is created for the private database exchange based on the Secure Token Transfer Protocol (STTP) mechanism, which prohibits fake invoicing.
   
   
3. Verification made easy & secure- Traditionally, verification of invoices has been cumbersome due to multiple approvals needed by various departments in an organization. Integrating blockchain technology within e-invoicing can accelerate the verification of invoices as all third parties are present on the platform and are notified when an invoice is raised in real-time. These e-invoices are shared with a unique unforgeable digital signature on the document to verify the sender’s identity.
   
   
4. Transaction speed- Typically a blockchain based e-invoicing solution uses voting-based consensus mechanisms. With such mechanism, transactions are almost instantaneous to match today's typical fast-paced commerce requirements.
   
   
5. Seamless ERP integration- e-invoices are generated by large number of businesses even today. However, they all use the format as provided by the ERP or billing software they use. Lack of standards leads to a scenario where an e-invoice generated on one billing software can’t be read by another, requiring manual data entry from electronically generated invoice.
   
   However, a blockchain based e-invoicing platform, can today come with reference document convertors and API that can be easily be customized and integrated in major ERP and EDI software. Blockchain additionally enhances the interoperability between the e-waybill and e-ticket systems while reducing dependency on IT infrastructure to simplify participation.