Axis Mutual Fund launches Axis India Manufacturing Fund

Axis Mutual Fund has launched AxisIndia Manufacturing Fund , an open-ended equity scheme representing the India manufacturing theme. The new fund offer or NFO of the scheme will open for subscription on December 1 and it will close on December 15. The investment objective of the scheme is to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing themes. The scheme will be benchmarked against NIFTY India Manufacturing TRI. The scheme will be managed by Shreyash Devalkar and Nitin Arora. The minimum application amount will be Rs 500 and in multiples of Rs 1 thereafter. In 2023, Axis Mutual Fund offers a diverse range of mutual fund schemes. As of February 28th, 2023, they have a total of 77 schemes. Out of these, there are 23 equity schemes, 32 debt schemes, and 6 hybrid schemes. Some of the trending schemes include Axis Multicap Fund, which has an annualized return of 12.94% and a benchmark return of 15....