Axis Global Innovation Fund of Fund - NFO Overview
Axis AMC has come out with NFO of "Axis Global Innovation Fund of Fund", which is basically, an open ended fund of fund(FoF), investing in "Schroder International Selection Fund-Global Disruption". NFO period - 10th to 24th May 2021. NFO has been extended till 24th May 2021. The primary investment objective of the Scheme, is to provide long term capital appreciation by predominantly investing in units of 'Schroder International Selection Fund Global Disruption', an equity fund that aims to provide capital growth by investing, in companies worldwide, which benefit from disruption and to invest a part of corpus in debt, money market instruments and / or units of liquid schemes in order to meet liquidity requirements from time to time. Since, Indian markets do not offer opportunities for investors to invest in companies involved in disruption across sectors, this fund provides that opportunity for Indian investors to invest in companies involve...