MUTUAL FUNDS
Axis MF introduces Special Situations Fund
Dec-04-2020

Axis Mutual Fund (MF) has launched Axis Special Situations Fund, an open-ended equity scheme investing in companies based on special situations. The NFO opens for subscription on December 04, 2020, and closes on December 18, 2020. The Entry load is nil for the scheme. If redeemed/switched-out within 12 months, the exit load will be nil, for 10% of investment and 1% exit load for remaining investment. The exit load will be nil, if redeemed/switched out after 12 months from the date of allotment. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.

The performance of the Scheme will be benchmarked against to Nifty 500 TRI index and the fund managers are Ashish Naik and Hitesh Das.

The investment objective of the scheme is to generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.


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