July 29, 2024
mayank
Axis Consumption Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Axis Consumption Fund Open Date, Close Date?
NFO opens on August 23, 2024
NFO will close on September 06, 2024
What is the Investment Strategy?
The scheme seeks to provide long term capital appreciation from an actively managed portfolio of equity and equity related securities of companies engaged in consumption and consumption related sector or allied sectors.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 23 August 2024 |
| Issue Close | 06 September 2024 |
| Type | Open-ended |
| Category | Equity: Thematic-Consumption |
| Min. Investment(Rs) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months |
| Riskometer | Very High |
| Benchmark | NIFTY India Consumption TRI |
What is the Benchmark Index of Axis Consumption Fund?
The Nifty India Consumption Index is designed to reflect the behavior and performance of a diversified portfolio of companies representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc. The Nifty India Consumption Index comprises of 30 companies listed on the National Stock Exchange (NSE).
At the time of rebalancing of shares/ change in index constituents/ change in investible weight factors (IWFs), the weightage of the index constituent (where applicable) is capped at 10%. Nifty India Consumption Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products
Index Variant: Nifty India Consumption Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 9.90 | 16.22 | 33.81 | 18.54 | 13.91 |
| Total Return | 10.33 | 16.86 | 35.15 | 19.92 | 15.28 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 11.14 | 17.07 | 19.14 |
| Beta (NIFTY 50) | 0.68 | 0.76 | 0.80 |
| Correlation (NIFTY 50) | 0.78 | 0.86 | 0.90 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 50.49 | 9.27 | 0.95 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Bharti Airtel Ltd. | 10.17 |
| ITC Ltd. | 10.00 |
| Mahindra & Mahindra Ltd. | 9.14 |
| Hindustan Unilever Ltd. | 7.26 |
| Maruti Suzuki India Ltd. | 5.22 |
| Titan Company Ltd. | 4.67 |
| Asian Paints Ltd. | 4.32 |
| Zomato Ltd. | 4.07 |
| Trent Ltd. | 3.97 |
| Bajaj Auto Ltd. | 3.49 |
Performance Review of the Fund Managers of Axis Consumption Fund?
1) Hitesh Das
Education: Mr. Das is a PGDM, M.Tech, B.Tech
Experience: Prior to joining Axis Mutual Fund, he has worked with Barclays Securities India Pvt. Ltd., Credit Suisse Securities (India) Pvt. Ltd., Ebusinessware (India) Pvt. Ltd., Yes Bank.
Past Performance of his Schemes
| Fund | Axis Equity Saver Fund | It’s Benchmark | Axis ESG Integration Strategy Fund | It’s Benchmark |
| 1 Year | 17.86 | 15.31 | 31.47 | 32.15 |
| 3 Year | 9.55 | 10.39 | 12.72 | 19.14 |
| 5 Year | 10.67 | 10.20 | — | — |
| 7 Year | 9.32 | 9.29 | — | — |
| 10 Year | — | — | — | — |
As on 29-07-2024
2) Shreyash Devalkar
Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience: Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Past Performance of his Schemes
| Fund | Axis Bluechip Fund | It’s Benchmark | Axis Midcap Fund | It’s Benchmark |
| 1 Year | 27.69 | 32.15 | 45.59 | 59.11 |
| 3 Year | 12.02 | 19.14 | 20.43 | 27.88 |
| 5 Year | 15.62 | 19.72 | 25.88 | 31.66 |
| 7 Year | 14.48 | 15.66 | 20.26 | 20.62 |
| 10 Year | 13.40 | 14.32 | 18.63 | 21.37 |
As on 29-07-2024
Which Company Owns Axis Consumption Fund?
Axis Asset Management Company Ltd.
Address: 23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai – 400013
Website: http://www.axismf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Axis Consumption Fund NFO?
Guidance for Axis Consumption Fund by Paresh Gordhandas, C.A., Research Analyst.
Thematic funds have become market darlings in recent months and the fund flowing into such funds is making new highs. And one of the best themes currently is the Consumption Theme. Growing rural demand along with strengthening overall economy and expanding middle class has led to a huge demand for consumption products. Such companies are also declaring good results and hence the stock price is also seeing good support. The Benchmark – Nifty Consumption Index comprises of companies representing the domestic consumption sector which includes sectors like Consumer Non-durables, Healthcare, Auto, Telecom Services, Pharmaceuticals, Hotels, Media & Entertainment, etc.
The Fund will be managed by two Fund Managers – Mr. Hitesh Das and Mr. Shreyash Devalkar. Mr. Shreyas has been managing a lot of Funds from Axis Mutual Fund and has a good track record. A sample study of the Funds managed by Mr. Das also shows a good result.
Can invest.
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