Axis Mutual Fund has launched the Axis India Manufacturing Fund, an open-ended equity scheme that represents India’s growing manufacturing theme. The fund aims to provide investors with a diversified approach to invest in industries that are poised to benefit from structural shifts in the Indian economy. The NFO will open on 1st December 2023 and remain open until 15th December 2023.
The fund will identify companies across three segments of the Indian economy: investments (Capex Cycle), consumption (Increasing Income leads to Premiumization), and net exports (Focus on Import Substitution). The fund will follow a bottom-up approach with a multi-cap stock selection strategy, adopting an active sectoral allocation and ‘Quality’ style of investing. It will also focus on under-represented segments of Indian listed markets.
The Axis India Manufacturing Fund is envisioned as a conduit for investors to leverage the promising opportunities within India’s manufacturing theme. The NFO will remain open until 15th December 2023. Axis AMC’s MD & CEO, B. Gop Kumar, emphasized that the Axis India Manufacturing Fund is designed to capitalize on India’s growing momentum, focusing on sectors that stand to redefine India’s industrial contours.
