Axis Mutual Fund plans to collect Rs 50 crore through its new ETF fund of funds.
Axis Mutual Fund, one of the leading asset management companies in India, has recently announced its plan to raise Rs 50 crore from a new ETF (Exchange Traded Fund) fund of funds. The fund, named Axis ETF Fund of Funds, is expected to invest in a basket of ETFs across various asset classes and aims to provide investors with a diversified investment option.
The Axis ETF Fund of Funds will invest in ETFs that track indices across equity, debt, and gold. This investment strategy will provide investors with exposure to multiple asset classes and help in diversifying their portfolios. The fund aims to generate long-term capital appreciation for investors while maintaining a low-cost structure.
The Axis ETF Fund of Funds will be managed by Mr. R Sivakumar, Head of Fixed Income at Axis AMC, and Mr. Jinesh Gopani, Head of Equity at Axis AMC. Both these experienced fund managers have a proven track record of delivering consistent returns to investors.
ETFs have gained significant popularity among investors in recent years due to their low-cost structure and ease of trading. An ETF is a type of investment fund that holds assets such as stocks, bonds, or commodities and can be traded on an exchange like a stock. ETFs offer the benefits of diversification, transparency, and liquidity.
The Axis ETF Fund of Funds will be the first-of-its-kind fund in India, which will invest in multiple ETFs across asset classes. This innovative investment option will provide investors with the benefits of diversification across multiple asset classes, along with the convenience of investing in a single fund.
The fund will offer two investment options, Growth and Dividend, to cater to the diverse needs of investors. The Growth option will aim to generate capital appreciation over the long term, while the Dividend option will provide regular income to investors through dividend payouts.
Axis Mutual Fund has a strong track record of delivering consistent returns to investors across its range of funds. The fund house manages assets worth over Rs 2.4 lakh crore and has a market share of around 5% in the Indian mutual fund industry.