New Innovation Fund Launched

According to an Axis Mutual Fund press release, "This mutual fund scheme will provide investors with an opportunity to invest in Schroder International Selection Fund (SISF) Global Disruption, a global equity fund that aims to provide long-term capital growth by investing in companies worldwide that benefit from disruption.

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Disruptive growth is an opportunity for investors to capture significant value creation over time. Chandresh Kumar Nigam, chief executive officer, Axis Mutual Fund said, "Most investors in Southeast Asia, for example, invest 30-50% outside their own geography. In India, it is just 1-2%. India has been affected by covid, but its markets have not reacted much. "However, there could be other events that impact us adversely," Nigam said.

Subscription date

The new fund offer opens for subscription from 10 to 21 May. The minimum application will be Rs5,000. The benchmark against the scheme will be MSCI AC World (Net TR) (INR).

Scheme type

It is an open-ended fund of fund scheme that will invest in SISF Global Disruption.

SISF 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 and water, new consumer, digitalization, and e-commerce.

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