| Axis Mutual Fund | |
| Scheme Name | Axis Global Innovation Fund of Fund |
| Objective of Scheme | To provide long term capital appreciation by predominantly investing in units of Schroder International Selection Fund Global Disruption, an equity fund that aims to provide capital growth by investing companies worldwide which benefit from disruption and to invest a part of corpus in debt, money market instruments and / or units of liquid schemes in order to meet liquidity requirements from time to time. |
| Scheme Type | Open Ended |
| Scheme Category | Other Scheme – FoF Overseas |
| New Fund Launch Date | 10-May-2021 |
| New Fund Earliest Closure Date | |
| New Fund Offer Closure Date | 21-May-2021 |
| Indicate Load Separately | Entry Load: Na Exit Load: If redeemed / switched-out within 12 months from the date of allotment -For 10% of investment: Nil For remaining investment: 1% If redeemed/switched out after 12 months from the date of allotment: Nil |
| Minimum Subscription Amount | Rs.5,000 and in multiples of Re.1/- thereof |
| For Further Details Please Visit Website | www.axismf.com |
Source from: www.amfiindia.com
Mutual Funds Based on Asset Class
Fund of Funds: These funds are invest in other mutual funds and returns depend on the performance of the target fund. These funds can also be referred to as multi manager funds. These investments can be considered relatively safe because the funds that investors invest in actually hold other funds under them, thereby adjusting for risk from any one fund.
Mutual Funds Based on Structure
Open-Ended Funds: These are funds in which units are open for purchase or redemption through the year. All purchases/redemption of these fund units are done at prevailing NAVs. Basically these funds will allow investors to keep invest as long as they want. There are no limits on how much can be invested in the fund. They also tend to be actively managed which means that there is a fund manager who picks the places where investments will be made. These funds also charge a fee which can be higher than passively managed funds because of the active management. They are an ideal investment for those who want investment along with liquidity because they are not bound to any specific maturity periods. Which means that investors can withdraw their funds at any time they want thus giving them the liquidity they need.
