Axis Mutual Fund has launched the Axis India Manufacturing Fund, an open-ended equity scheme that represents India’s growing manufacturing theme. The fund, which will be benchmarked against the Nifty India Manufacturing TRI, aims to enable investors to leverage the potential of India’s manufacturing theme, which is expected to grow in the coming years. The fund is designed to capitalize on India’s growing momentum, focusing on sectors that stand to redefine India’s industrial contours.
Axis AMC’s MD & CEO, B. Gop Kumar, emphasized that the Axis India Manufacturing Fund is designed to capitalize on India’s growing momentum, focusing on sectors that stand to redefine India’s industrial contours.
The fund will curate a portfolio that not only reflects the theme’s robust growth potential but also actively contributes to investors’ wealth creation opportunities, positioning them to benefit from companies that are set to be the vanguards of this industrial renaissance. The fund will aim to identify companies across three segments of the Indian economy: investments (Capex Cycle), consumption (Increasing Income leads to Premiumization), and net exports (Focus on Import Substitution). The fund will follow a bottom-up approach with a multi-cap stock selection strategy, adopting an active sectoral allocation and ‘Quality’ style of investing.
