Axis Consumption Fund Review – Axis Consumption Fund Direct NFO Open on 23 August 2024 and Close on 06 Sept 2024. Axis Consumption Fund Direct NFO Allotment Date is 12 September 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is 500.
Type of the Scheme
An open ended equity scheme following consumption theme.
Scheme Benchmark : Nifty India Consumption TRI – Justifications of Benchmark: The Nifty India Consumption Index is designed to reflect the behavior and performance of a diversified portfolio of companies representing the domestic consumption sector which includes sectors like Consumer Nondurables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc. The constituents of the Index reflect the fund’s universe in the best possible way.
Axis Consumption Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| ITC Ltd. 10.98 | 10.98 |
| Bharti Airtel Ltd. 9.89 | 9.89 |
| Mahindra & Mahindra Ltd. 8.74 | 8.74 |
| Hindustan Unilever Ltd. 7.48 | 7.48 |
| Maruti Suzuki India Ltd. 5.37 | 5.37 |
| Titan Company Ltd. 4.47 | 4.47 |
| Zomato Ltd. 4.39 | 4.39 |
| Asian Paints Ltd. 4.31 | 4.31 |
| Trent Ltd. 3.99 | 3.99 |
| Bajaj Auto Ltd. 3.34 | 3.34 |
Axis Consumption Fund Nfo Important Date
| Scheme Offer | Axis Consumption Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 23 Aug 2024 |
| Close Date | 06 Sept 2024 |
| Allotment Date | 12 Sep 2024 |
| Category | Thematic Fund |
| Min Inv ₹ | 100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty India Consumption TRI |
Investment Objective of the Scheme ?
To provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors. There is no assurance that the investment objective of the Scheme will be achieved.
Axis Consumption Fund Nfo Other Details
| Exit Load | 10% |
|---|---|
| Exit Load Details | Exit Load for units in excess of 10% of the investment,1% will be charged for redemption within 12 months. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 500 |
Axis Consumption Fund Review Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Equity & Equity related instruments of companies engaged in consumption and consumption related sector or allied sectors | 80% | 100% |
| Other Equity & Equity Related Instruments | 0% | 20% |
| Debt & Money Market Instruments | 0% | 20% |
| Units issued by REITs & InVITs | 0% | 10% |
Manager Manage the Scheme?
Fund Manger : Mr. Shreyash Devalkar
Qualification : Bachelor in Chemical Engineering & Masters in Management Studies
Experience : Total number of years of experience: 10 years, his last 10 years’ experience are as follows: • Fund Manager – Axis Asset Management Co. Ltd. (November 16, 2016 till date) • Vice President – Research – IDFC Asset Management Company Ltd. (July 24, 2008 till January 14, 2011) • Fund Manager – BNP Paribas Asset Management India Pvt. Ltd. (January 17, 2011 till November 15, 2016) • Research Analyst – IDFC Securities Ltd. (September 07, 2005 till July 23, 2008).
Fund Manger : Mr. Hitesh Das
Qualification : PGDM, M.Tech, B.Tech
Experience : Total number of years of experience: 12 years, his last 10 years’ experience are as follows: • Equity Research Analyst – Barclays Securities India Pvt. Ltd. (January 2012 – June 2015) • Equity Research Analyst – Credit Suisse Securities (India) Pvt. Ltd. (July 2011 – December 2012) • Equity Research Analyst – Ebusinessware (India) Pvt. Ltd. (February 2011 – June 2011) Risk Analyst – Yes Bank (May 2010 – February 2011).
Fund Manger : Ms. Krishnaa Narayan
Qualification : Chartered Accountant and Bachelor of Commerce
Experience : Total number of years of experience: 3 years.
Axis Consumption Fund Sector Representation
| Sector | Weightage |
|---|---|
| Fast Moving Consumer Goods 34.66 | 34.66 |
| Automobile and Auto Components 21.76 | 21.76 |
| Consumer Services 14.08 | 14.08 |
| Consumer Durables 10.22 | 10.22 |
| Telecommunication 9.89 | 9.89 |
| Healthcare 4.17 | 4.17 |
| Power 3.44 | 3.44 |
| Realty 1.77 | 1.77 |
Axis Consumption Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 5.50 | 23.26 | 40.51 | 21.34 | 14.20 |
| Total Return | 5.62 | 24.08 | 41.87 | 22.70 | 15.58 |
Where Will the Scheme Invest ?
- Equity and Equity Related Instruments.
- Derivatives.
- Debt Instruments & Money Market Instruments.
- Units of REITs and INVITs.
- Securitized Assets.
- Foreign Securities.
- Units of Mutual Fund Schemes.
- Short Term Deposits.
Also Read: Nippon India Nifty 500 Equal Weight Index Fund
Axis Consumption Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
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