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Axis Fund Bets on India's Top Sector Leaders
22 Jan
Summary
- New Axis fund invests in top companies from 21 sectors.
- Fund opens for subscription January 23 to February 6.
- Minimum investment is Rs 100 for long-term wealth creation.
Axis Mutual Fund has introduced the Axis BSE India Sector Leaders Index Fund, an open-ended index fund. This new fund offering (NFO) will be open for subscriptions from January 23 until February 6.
The fund aims to provide investors with a long-term wealth creation solution by investing in the top three companies from each of the 21 sectors represented in the BSE 500 Index. This approach grants access to established market leaders across various sectors of the Indian economy.
Managed by Karthik Kumar, the fund requires a minimum investment of Rs 100. It is designed for investors seeking broad market exposure to dependable, sector-leading companies through a diversified, rules-based passive strategy.
The fund's portfolio will be reconstituted semi-annually, ensuring periodic rebalancing. It offers diversified exposure across large, mid, and small-cap stocks, mitigating concentration risk and providing balanced weightage.
