Axis Greater China Equity Fund of Fund
To commence with, Axis mutual fund is an asset management company. It offers various types of MF schemes like equity funds, hybrid, debt, and more funds. The mutual fund plans to launch a new fund offer in the month of January 2020. The name of the scheme is the Axis Greater China Equity Fund of Fund.
The fund will open for subscription on 29th January 2021. It will close on 5th February 2021. Moreover, the scheme will re-open within 5 business days from the date of allotment. However, this is an open-ended fund of fund.
According to the SID, the scheme might be predominantly investing in Schroder international selection fund greater China.
Basic Details of Scheme:
|Fund Name||Axis Greater China Equity FoF|
|Subscription Period||Jan 29th, 2021 – Feb 5th, 2021|
|Type||Open-Ended Fund of Fund|
|Benchmark||MSCI Golden Dragon Index (Total Return Net)|
|Fund Manager||Hitesh Das, R. Sivakumar|
Further, the scheme is available in regular and direct plans along with growth and dividend options.
The Objective of the Scheme:
The primary investment objective of the Scheme is to provide long term capital appreciation by predominantly investing in units of Schroder International Selection Fund Greater China.
Further, a fund that aims to provide capital growth by investing in equity and equity-related securities of the People’s Republic of China, Hong Kong SAR, and Taiwan companies.
Moreover, the scheme may also invest a piece of its entity in debt, money market instruments, and/or units of liquid schemes in order to meet liquidity requirements from time to time.
The scheme allows a minimum investment of Rs. 5,000 and in multiples of Re. 1/- thereafter. Further, for additional purchase may invest a minimum of Rs. 100 and in multiples of Re. 1/-.
|Instruments||Indicative Allocations (% of total assets)||Risk Profile|
|Units/ shares of Schroder international selection fund greater China||95||100||Medium to High|
|Debt, Money market instruments, and/or units of liquid schemes||0||5||Low to Medium|
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.