India’s economic landscape is undergoing a rapid transformation fuelled by rising incomes, urbanization, and burgeoning middle class. To harness the power of India’s thriving consumption sector and to offer investors a strategic opportunity to benefit from the country’s escalating consumer demand, Axis Mutual Fund, one of the fastest-growing fund houses in India, proudly announces the launch of Axis Consumption Fund.
The New Fund Offer (NFO), benchmarked against the NIFTY India Consumption TRI, will open for subscription from 23rd August to 6th September 2024. The fund will be managed by Mr. Hitesh Das, Mr. Shreyash Devalkar, and Ms. Krishnaa Narayan (For Overseas Securities), who are committed to leveraging this thematic investment opportunity.India’s consumption story is poised to be a major economic driver, supported by favourable demographics, rising disposable incomes, and urbanization. With a young and aspirational population, consumer spending in India is expected to grow significantly in the coming years.
The Axis Consumption Fund aims to provide a diversified portfolio that reflects the broad spectrum of India’s consumption-driven sectors, including FMCG, Auto, Telecommunication, Healthcare, Realty, and more. “India stands at a pivotal moment in its economic journey. As we navigate through global uncertainties, our domestic market’s resilience and growth potential have never been more evident,” explained Mr. B. Gopkumar, MD & CEO, Axis AMC.For detailed information on the investment strategy and to view the Scheme Information Document (SID)/Key Information Memorandum (KIM), please visit www.axismf.com.
