NFO: Axis Global Innovation FOF

By Morningstar |  06-05-21 | 
 

Axis Mutual Fund has launched Axis Global Innovation Fund of Fund. The fund will invest in Schroder International Selection Fund Global Disruption, an equity fund that aims to provide long term capital growth by investing in companies worldwide that benefit from disruption. The New Fund Offer (NFO) opens for subscription from May 10 and closes on May 21.

Schroder ISF (International Selection Fund) Global Disruption seeks to provide capital growth by investing in innovative companies that are redefining their industries or are successfully adapting to change. The fund is actively managed to access multiple disruption themes globally including – Environment, Automation, Healthcare, FinTech, Communication, Food & Water, New Consumer, Digitalization, and E-Commerce.

Exposure to global investment opportunities today is one of the most crucial aspects for investors to broaden their investment universe. Global investing also allows investors capture disruptive growth through various themes, many of which are not available on the listed markets in India. Global investing therefore diversifies the investment portfolio for investors and has the potential to improve their risk-adjusted returns, said the release.

  • Minimum application during NFO: Rs 5,000
  • Benchmark: MSCI AC World (Net TR) (INR)
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