: BIZ SCAN #FinanceIndia #StockMarketNEWS #Business Axis Mutual Fund launches ‘Axis Global Equity Alpha Fund of Fund’ PANAJI: Axis AMC has been at the forefront of product innovation and creating

@StockMarketNEWS Wed 09 Sep, 2020

Posted in: #Business #FinanceIndia #StockMarketNEWS

BIZ SCAN #FinanceIndia #StockMarketNEWS #Business
Axis Mutual Fund launches ‘Axis Global Equity Alpha Fund of Fund’

PANAJI: Axis AMC has been at the forefront of product innovation and creating a robust investment process that has the potential to deliver long term performance for its investors. For its global product initiative, Axis AMC has tied up with Schroders (which is around 25% shareholder in Axis AMC). Schroders is a world-class asset manager operating from 35 locations across Europe, the Americas, Asia, the Middle East and Africa with an AUM of GBP 525.8 bn. Axis AMC has already launched 2 successful MF schemes over the last couple of years that have provided some global exposure to investors – Axis Growth Opportunities Fund and Axis ESG Equity Fund. Axis Global Equity Alpha Fund of Fund marks the first dedicated global feeder fund launched by Axis AMC in the Indian market. The Axis Global Equity Alpha Fund of Fund is an open ended Fund of Fund scheme that invests in the Schroder International Selection Fund Global Equity Alpha. Chandresh Kumar Nigam, MD & CEO, Axis AMC said, ‘Axis AMC has always upheld the philosophy of responsible investing. Exposure to global investment opportunities today can significantly broaden the Indian investor’s investment universe as well as help them improve their portfolio through diversification benefits. Our new fund, in partnership with Schroders, an organisation with a rich history of over 200 years, will help Indian investors access a high quality global portfolio through the ease and convenience of the Axis MF platform.’ NT
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