These schemes will be based on Build India, innovation and consumption themes.
Axis Build India Fund
Axis Build India Fund will be an open-ended equity scheme following the theme that focuses on creating and enabling the creation of real assets.
The investment objective of the scheme will be to provide long-term capital appreciation from an actively managed portfolio of equity and equity-related securities of companies engaged in creating and enabling the creation of real assets.
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The scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Sachin Relekar and Shreyash Devalkar.For 10% of investments, the exit load will be nil if redeemed /switched out within 12 months from the date of allotment. For remaining investments, the exit load will be 1%. The exit load will be nil, if redeemed/switched-out after 12 months from the date of allotment.The scheme will allocate 80-100% in equity and equity related instruments of companies engaged in creating and enabling the creation of real assets, 0-20% in other equity and equity related instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs & InVITs.
Motilal Oswal Innovation Opportunities Fund
Motilal Oswal Innovation Opportunities Fund will be an open-ended equity scheme following an innovation theme.
The investment objective of the scheme will be to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies that will benefit from the adoption of innovative strategies or following the innovation theme.
The scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Niket Shah, Atul Mehra, Rakesh Shetty, and Sunil Sawant.
The exit load will be 1%, if redeemed within 90 days from the day of allotment. The exit load will be nil, if redeemed after 90 days from the date of allotment.
The scheme will allocate 80-100% in equity and equity related instruments of companies that will benefit from the adoption of innovative strategies or following the innovation them, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market instruments (including cash and cash equivalents), liquid and debt schemes of the mutual fund, and 0-10% in units of REITs and InvITS.
Edelweiss Consumption Fund
Edelweiss Consumption Fund will be an open-ended equity scheme following the consumption theme.
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The investment objective of the scheme will be to generate long-term capital appreciation by investing predominantly in equity and equity related securities with a focus on companies engaged in consumption and consumption-related sectors or allied sectors.
The scheme will be benchmarked against NIFTY India Consumption TRI. The scheme will be managed by Trideep Bhattacharya and Amit Vora.
An exit load of 1% of the applicable NAV will be there, if the units are redeemed /switched out on or before 90 days from the date of allotment. The exit load will be nil if the units are redeemed /switched out after 90 days from the date of allotment.
The scheme will allocate 80-100% in equity and equity-related instruments selected on the basis of consumption and consumption related sectors or allied sectors, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.
