Axis Consumption Fund NFO: Review, Date & Nav

Axis Consumption Fund: Complete Overview

Axis MF launched the Axis Consumption Fund under its AMC Axis Asset Management Company Ltd. It is an open-ended scheme that follows a consumption theme. The NFO date is from August 23 to September 06, 2024, with an NFO price of Rs.100 and in multiples of Rs.1 thereafter.

Today at the Axis Consumption Fund NFO Blog, we're dedicated to providing you with useful information on this new NFO, including financial characteristics and any prior performance.

Axis Consumption Fund NFO Details

The scheme is suitable for investors who want to achieve long-term wealth gain and an equity scheme that invests in the equity and equity-related securities of companies in the consumption or related industries. The scheme is a very high-risk scheme. There is no assurance that the scheme's investment goal will be met. The scheme will invest 80-100% of its units in equity and equity-linked instruments of companies operating in the consumer goods or related industries, 0-20% in other equity and equity-linked instruments, 0-20% in Debt & Money Market Instruments, and 0-10% in  REITs & InVITs units. 

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Fund Overview

The Axis Consumption Fund NFO minimum subscription amount is Rs.100 and in multiples of Rs.1 thereof.

How To Invest In The NFO After The Closure Date?

If you have missed participating in the NFO and now want to invest in the same Scheme on a continuous basis, then within 5 business days from the closure of NFO, when the Scheme will reopen; you will have the option to participate and invest directly in the Mutual Fund by spending at NAV based price by logging on to your Demat account and search for “Axis Consumption Fund” or directly with the AMC or simply click the ‘Banner’ below.

The Objective of The Fund

The Scheme aims to offer long-term capital growth via an expertly managed portfolio of equities and securities linked to equities of companies operating in the consumption or related companies. Nevertheless, there can be no assurance or guarantee that the scheme's investment goals will be met.

Asset Allocation (% of Total Assets) of the Scheme's portfolio will be as follows:

Peers of Axis Consumption Fund

Since this scheme is a new scheme, hence no comparable data on its past performance against its peers is available.

Risk Factors In Such Funds

• The Scheme would invest in a diverse portfolio of businesses that track consumption and consumption-related activities to achieve capital appreciation. Putting money into a thematic fund is predicated on the idea that the fund will look to invest in businesses related to a certain theme. This will restrict the Fund's capacity to make investments in other industries.

• The exchange has the authority to put limitations on option exercise, as well as to restrict option exercise at particular periods under specific conditions. This could affect the portfolio's value.

• The scheme's success will be directly impacted by the Nifty India Consumption TRI's performance. Therefore, any modification in composition due to weighting or stock selection will affect the scheme.

• Interest rate or price risk is a concern for REITs and InvITs. Existing security prices often decrease in response to rising interest rates and rise in response to falling interest rates. The current coupon, the number of days to maturity, and the change in the level of interest rates all influence how much prices fall or rise.

Past Performance of Index Funds

Axis Consumption Fund NFO-Who Can Invest?

This Fund is ideal for those who want to achieve long-term wealth gain and an equity scheme that invests in the stock and stock-related securities of companies in the allied or consumption-related industries. 

Axis Consumption Fund-Growth Fund Managers:

• Mr. Shreyash Devalkar

• Mr. Hitesh Das

• Ms. Krishnaa Narayan (foreign securities).

Conclusion

The Axis Consumption Fund is appropriate for investors who are high risk-tolerant and aiming for capital maturity over a long horizon and an equity scheme that invests in the stock and stock-related securities of companies in the consumption or related industries. Always assess your Financial Goals, Risk tolerance, time horizons, etc. before making an investment decision. 

Disclaimer: This NFO analysis is provided solely for informative reasons and should not be construed as investment advice. Always conduct research and talk with a financial advisor before investing.