Axis Special Situations Fund NFO
Axis Mutual Fund has announced the launch of Axis Special Situations Fund. The fund is a thematic and multi-cap/sector fund. So, the scheme would be investing in equity and equity-related instruments based on the thematic scheme type as it will be targeting the specific segments of the market.
The New Fund Offer (NFO) starts from 4th December 2020 and will end on 18th December 2020.
Scheme reopens for continuous sale and repurchase within five business days of allotment..
Investment Objective
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio that is invested in equity and equity-related securities based on some special situations happening in the market like regulatory changes, company-specific changes, sector dynamics, new technologies, global events and many more.
What is Thematic Investing?
Thematic investing is a type of investing in which the investments are done only in stocks which have an underlying theme.
For example, an IT theme, will only invest in IT and technologies related companies.
Features
- The Fund will be investing 80-100% of its assets in equity and equity-related securities based on the special situation theme.
- It is a thematic fund, which will target specific segments of the market based on special situations.
- The fund will not only generate opportunities from the domestic market but also from global markets.
Why invest in Axis Special Situations Fund?
Reasons to invest in Axis Special Situations Fund:
-The fund will exposure to the themes which are not available in other diversified funds.
-The Fund will also give good control to investors over investment strategies.
-The fund will be having access to the companies which are best suited to adopt the great opportunities and manage the challenges.
Suitability
This scheme is suitable for investors who are -
- Interested in Long term value/wealth creation.
- Investors who also want the exposure of the global market along with the domestic market.
- Interested in investing in an equity scheme which invests in equity & equity related instruments based on the special situations.
- Recommend for investors who are investing with a time period of 5+ years.
Assets Allocation Pattern-
| Instruments | Minimum % of total assets (Indicative) | Maximum % of total assets (Indicative) | Risk Profile |
| Equity & Equity related instruments of special situation theme | 80 | 100 | High |
| Other Equity and Equity related instruments | 0 | 20 | High |
| Debt and Money market instruments | 0 | 20 | Low to Moderate |
| Units that are issued by REITs and INVITs | 0 | 10 | Moderate to High |
About the scheme-
| Name of the fund | Axis Special Situations Fund |
| Fund launched by | Axis Mutual Fund |
| Asset Management Company | Axis Asset Management Company Limited |
| Type of scheme | An open-ended equity scheme investing in equity and equity-related securities based on the special situations in the market. |
| Investment Objective | The investment objective of the scheme is to generate capital appreciation over the long term through investments in equity and equity-related securities based on the special situations as it will target specific segments of the market. |
| Benchmark | NIFTY 500 TRI |
| Entry Load | Not Applicable |
| Exit Load | 1% of applicable NAV - If units are redeemed or switched out within 12 months. Nil - If units are redeemed or switched out after 12 months. |
| Minimum Application Amount | Rs. 5,000 & in multiple of Rs.1 thereafter |
| Minimum Additional Amount | Rs. 100 & in multiple of Rs.1 thereafter |
| Allotment Date | With in 5 business days after the closure of fund |
| STP & SWP | Available |
| Plans Available |
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| Options |
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| Fund Managers | Mr. Ashish Naik and Mr. Hitesh Das (For foreign securities) |
SIP Details
| Type | Minimum Installments | Minimum Amount |
| Monthly SIP | 6 | Rs.1,000 & in multiple of Rs.1 thereafter |
| Yearly SIP | 3 | Rs. 12,000 & in multiple of Rs.1 thereafter |