Mumbai : Axis Mutual Fund, one of the leading asset management companies, today announced the launch of its new fund – ‘Axis All Seasons Debt Fund of Funds’ – a unique innovative offering that provides a comprehensive one-stop solution for long term debt market investors. The All Season Debt FoF will invest in funds from across fund houses and across different categories of the debt market with an intention to generate optimal return over the medium term. The fund will target adequate diversification across fund houses and schemes to manage its portfolio risk.
The debt market can be tough for investors to navigate as different segments of the market perform at different times. Also the debt Mutual Fund category is highly segmented creating confusion for investors while deciding the appropriate fund to invest in. This fund aims to help investors by offering a convenient and efficient alternative to the traditional approach of investors trying to identify the trend and allocate to different segments over time.
The main advantages of this structure are
· Professionally Managed Portfolio of debt mutual funds
· Ability to dynamically change the portfolio based on market opportunities
· Diversification across multiple funds and fund managers to ensure tighter risk management
· Tax efficiency – no tax at the fund of fund level while rebalancing portfolio
Mr. Chandresh Kumar Nigam, MD & CEO at Axis AMC said, “Axis AMC has been at the forefront of product innovation in the Indian Mutual Fund space with a view to providing quality long term solutions for our investors and distribution partners. The Fund of fund is a continuation of this process and we think it has the potential to transform long term debt investing in this country.”
Axis All Seasons Debt Fund of Funds is an Open-Ended Fund of Funds scheme investing in debt oriented mutual fund schemes. The new fund offers (NFO) opens for subscription on 10th January, 2020 and closes on 22nd January, 2020. The minimum application amount for this fund is Rs. 5,000 and in multiples of Re 1, with an additional investment of Rs. 1,000 and in multiples of Re 1 thereafter. The fund will be managed by Mr. R. Sivakumar at Axis Mutual Fund.