Axis Mutual Fund launches Axis Multicap Fund – Check features
Axis Mutual Fund today announced the launch of their new fund offer – ‘Axis Multicap Fund’. The fund is set to open on November 26, 2021, and will close on 10th December 2021. The NFO will provide investors with an opportunity to invest in large, mid, and small-cap stocks with minimum equal exposure across each category. The scheme will be managed by Anupam Tiwari and Sachin Jain, Fund Manager, Axis Asset Management Company Limited (Axis AMC).
As per the SEBI Regulation, Multi-cap funds need to have a minimum of 25 per cent exposure under each market cap, ensuring that the portfolio is not overly concentrated towards a particular market cap. Due to its large and varied investment universe, Multi-cap funds offer the dual benefit of growth and
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