Axis Special Situations Fund NFO – Is there something special?
Axis Mutual Funds is planning to launch the Special Situations Fund. This new fund offer would open for subscription on 4th December 2020. This is an open ended equity scheme that follows special situations theme and invests in opportunities that arises during regulatory changes, government policy changes, corporate restructuring, technology led disruption and innovation etc. Is it something special that creates value to an investor’s portfolio? Should you invest in Axis Special Situations Fund NFO? What are the various risk factors associated with such funds?
Also Read: Motilal Oswal 5 Year G-Sec ETF – Should you invest?
Axis Special Situations Fund (NFO) Issue Details
Here are the NFO details.
| Axis Special Situations – NFO Issue Details | |
|---|---|
| Scheme Opens | 04-Dec-20 |
| Scheme Closes | 18-Dec-20 |
| Scheme reopens for continous purchase/sale | 24-Dec-20 |
| Minimum investment (Lumpsump) | ₹ 5,000 |
| Minimum investment (SIP) | ₹ 500 for 6 months |
| NAV of the fund | ₹ 10 during NFO period |
| Entry Load | Nil |
| Exit Load | 1% load – If 90% of portfolio redeemed within 1 year |
| Risk | High Risk |
| Max Total expense Ratio (TER) | 2.25% |
| Benchmark | NIFTY 500 TRI |
| Fund Manager | Mr. Ashish Naik (equity) Mr. Hitesh Das (Foreign Securities) |
Download Axis Special Situations Fund SID
What is the investment objective of this MF scheme?
To generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment.