Axis Mutual Fund, one of the fastest-growing fund houses in India, proudly announces the launch of Axis Consumption Fund.
The New Fund Offer benchmarked against the NIFTY India Consumption TRI, will open for subscription from 23rd August to 6th September 2024.
The fund will be managed by Hitesh Das, Shreyash Devalkar and Krishnaa Narayan (For Overseas Securities).
With a young and aspirational population, consumer spending in India is expected to grow significantly in the coming years. The Axis Consumption Fund aims to provide a diversified portfolio that reflects the broad spectrum of India’s consumption-driven sectors, including FMCG, Auto, Telecommunication, Healthcare and Realty.
“As our population’s aspirations grow and spending power increases, companies in this space are positioned for sustained growth”, observed. Ashish Gupta, Chief Investment Officer, Axis AMC.
“The Axis Consumption Fund offers investors an opportunity to participate in this unfolding trend and aims to build a robust portfolio that captures this dynamic growth. This fund not only reflects the current consumption trends but also anticipates future growth drivers, positioning our investors to reap the benefits of India’s economic transformation.”
The Axis Consumption Fund is specialized to capitalize on India’s dynamic consumption sector, providing investors with a well-rounded exposure to industries. The fund will follow a bottom-up approach with a quality-focused style of investing, capturing the emerging trend in the consumer story.
Axis Consumption Fund will offer a diversified investment approach aimed at capturing the growth potential. Investors can expect to participate in the growth story of India’s expanding middle class and increasing consumer spending, all while benefiting from the fund’s expert management and sector-specific insights.
“India stands at a pivotal moment in its economic journey. As we navigate through global uncertainties, our domestic market’s resilience and growth potential have never been more evident,” explained B. Gopkumar, MD & CEO, Axis AMC.
“The Axis Consumption Fund is our strategic approach to one of the most compelling narratives in our country today – the evolution of our consumer landscape. This fund aims to capture the value created by India’s expanding consumer base, their changing preferences and increasing purchasing power,” added B. Gopkumar.
