December 16, 2023
mayank
Axis India Manufacturing Fund NFO 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 Managers
- Should You Invest in this NFO?
- Invest Online
What is the Axis India Manufacturing Fund NFO Open Date, Close Date?
NFO opens on December 01, 2023
NFO will close on December 15, 2023
What is the Investment Strategy Axis India Manufacturing Fund NFO?
The scheme seeks to provide long term capital appreciation by investing in equity and equity related securities of companies engaged in manufacturing theme.
Basic Details of Axis India Manufacturing Fund NFO?
| Fund House | Axis Mutual Fund |
| Issue Open | 01 December 2023 |
| Issue Close | 15 December 2023 |
| Type | Open-ended |
| Category | Equity: Thematic |
| Min. Investment(Rs) | 500 |
| 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 Manufacturing TRI |
What is the Benchmark Index of Axis India Manufacturing Fund NFO?
The Nifty India Manufacturing Index aims to track the performance of stocks that represent manufacturing sectors in India. The stocks are selected from a combined universe of Nifty 100, Nifty Midcap 150 and Nifty Smallcap 50 index. A stock’s weight in the Nifty India Manufacturing index is based on its free-float market capitalisation subject to maximum weight of each stock at 5%. The index also has a minimum weight of 20% to certain manufacturing sectors.
Index Variant: Nifty India Manufacturing Total Returns Index.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 6.44 | 18.87 | 20.09 | 13.52 | 13.12 |
| Total Return | 6.93 | 19.67 | 20.94 | 14.95 | 14.67 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.27 | 19.38 | 21.61 |
| Beta (NIFTY 50) | 0.77 | 0.88 | 0.92 |
| Correlation (NIFTY 50) | 0.77 | 0.88 | 0.92 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 25.9 | 3.67 | 1.27 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Sun Pharmaceutical Industries Ltd. | 5.02 |
| Maruti Suzuki India Ltd. | 5.00 |
| Reliance Industries Ltd. | 4.98 |
| Mahindra & Mahindra Ltd | 4.85 |
| Tata Motors Ltd. | 4.45 |
| Tata Steel Ltd. | 4.17 |
| JSW Steel Ltd. | 2.91 |
| Hindalco Industries Ltd. | 2.89 |
| Dr. Reddy’s Laboratories Ltd. | 2.73 |
| Cipla Ltd. | 2.50 |
Study about Benchmark Index in details
Axis India Manufacturing Fund Full Details (SEBI)
Performance Review of the Fund Managers of Axis India Manufacturing Fund NFO
1) Nitin Arora
Education: Mr. Arora has done M.Sc in Finance and Investments
Experience: Prior to joining Axis Mutual Fund, he has worked with Aviva Life Insurance Company India Ltd., Emkay Global Financial Services Ltd., Nirmal Bang Institutional Equities Ltd. and Bloomberg UTV Ltd..
Past Performance of his Schemes
| Fund | Axis Midcap Fund | It’s Benchmark | Axis Value Fund | It’s Benchmark |
| 1 Year | 16.94 | 30.49 | 27.92 | 17.57 |
| 3 Year | 22.92 | 33.17 | — | — |
| 5 Year | 18.95 | 21.28 | — | — |
| 7 Year | 16.41 | 16.95 | — | — |
| 10 Year | 20.41 | 21.57 | — | — |
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 Midcap Fund | It’s Benchmark | Axis Flexi Cap Fund | It’s Benchmark |
| 1 Year | 16.94 | 30.49 | 11.04 | 18.94 |
| 3 Year | 22.92 | 33.17 | 16.11 | 22.81 |
| 5 Year | 18.95 | 21.28 | 13.91 | 16.11 |
| 7 Year | 16.41 | 16.95 | — | — |
| 10 Year | 20.41 | 21.57 | — | — |
Which Company Owns Axis India Manufacturing Fund NFO?
Axis Asset Management Company Ltd.
Address: “Axis House” – 1st Floor, C-2 – Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai – 400025
Website: http://www.axismf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: http://www.karvymfs.com
Is it good to invest in Axis India Manufacturing Fund NFO
Guidance for Axis India Manufacturing Fund NFO by Paresh Gordhandas, C.A., Research Analyst.
The Axis India Manufacturing Fund is based on the Nifty India Manufacturing Index. A stock’s weight in the Nifty India Manufacturing index is based on its free-float market capitalization subject to maximum weight of each stock at 5%.
If we look at the top constituents by weightage (Refer table), the number one weight is given to Sun Pharma, followed by Maruti, Reliance Industries etc.
While manufacturing is the cornerstone of the government’s policy currently, we cannot advise you to invest in a fund solely on a single parameter. Other factors like stock picking, performance of Fund Managers etc have to be weighed in.
If we look at the past performance of the Fund Managers (Refer table), it is below par. Also, instead of investing in a thematic fund, investing in a flexi cap fund is always a better choice.
Avoid.
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