Axis Mutual Fund launches Axis NASDAQ 100 Fund of Fund

(An open ended fund of fund scheme investing in units of ETFs focused on the Nasdaq 100 TRI)

Key Highlights for Axis NASDAQ 100 Fund of Fund:

• Category: An open ended fund of fund scheme investing in units of ETFs focused on the NASDAQ 100 TRI


• The fund would be investing in some overseas ETFs tracking NASDAQ 100 Index such as the Xtrackers Nasdaq 100 UCITS ETF, iShares NASDAQ 100 UCITS ETF, Invesco EQQQ NASDAQ-100 UCITS ETF


• Benchmark: NASDAQ 100 TRI (INR)


• Fund Manager: Hitesh Das, (Fund Manager – Overseas Investments)


• NFO open date: 7^th October, 2022


• NFO close date: 21^st October, 2022


• Minimum Application Amount: INR 500 per application and in multiples of INR 1/- thereafter


• Exit Load:


• If redeemed / switched-out within 7 days of the allotment – 1%


• If redeemed / switched-out after 7 days of the allotment – Nil

Mumbai, October 06, 2022: Axis Mutual Fund, one of the leading asset management companies in India announced the launch of the Axis NASDAQ 100 Fund of Fund (an open ended fund of fund scheme investing in units of ETFs focused on the Nasdaq 100 TRI). The fund would focus on replicating the performance of the NASDAQ 100 TRI by investing ETFs whose primary objective would be to track/replicate the performance of the Nasdaq 100 TRI, subject to tracking errors. The minimum application amount would be INR 500 per application and in multiples of INR 1/- thereafter. With Hitesh Das (Fund Manager – Overseas Investments) helming the Axis NASDAQ 100 Fund of Fund, the fund would be benchmarked against the NASDAQ 100 TRI (INR).

Salient features of the Axis NASDAQ 100 Fund of Fund

• The fund would be investing in some overseas NASDAQ-100 ETFs tracking NASDAQ 100 Index such as the Xtrackers Nasdaq 100 UCITS ETF, iShares NASDAQ 100 UCITS ETF, Invesco EQQQ NASDAQ-100 UCITS ETF


• These ETFs have historically demonstrated their ability for comparatively lower tracking error, thereby benefiting the fund


• Access to some of the largest non-financial companies


• Opportunity to leverage top global expertise


• Better execution capabilities

The NASDAQ 100 Index

Source: NASDAQ and Bloomberg as on 27th Sept 2022. The Sector(s)/ Stock(s)/ Issuer(s) mentioned above are for illustration purpose only. These stock may or may not remain a part of the portfolio of Nasdaq 100 Index. Past performance may or may not be sustained in the future. You can check NASDAQ-100 portfolio on https://www.nasdaq.com/solutions/nasdaq-100/companies.

The NASDAQ 100 Index includes 100 of the largest non-financial companies on NASDAQ stock market, based on market capitalization.It is home to global growth and innovation. The current NASDAQ 100 Index is a tech-heavy index and has exposure to new economy sectors such as healthcare, technology and consumer. It is pre-dominantly led by some of the most innovative and rapidly expanding non-financial companies across the world that generate the bulk of their revenue from different countries. In addition to giving the benefit of global exposure and potentially reducing concentrated geographical risk for investors, in NASDAQ-100 may also work as hedge against INR depreciation.

Chandresh Nigam, MD & CEO, Axis AMC said, “As investors are maturing and taking an active interest in their wealth creation journey, the paradigms of asset allocation are changing dynamically as well. With global boundaries slowly blurring, investors are eager to gain access to some international growth stories, which was earlier not feasible so seamlessly. With the Axis NASDAQ 100 Fund of Fund, we are presenting investors with the opportunity to gain global exposure. We are confident that the fund’s philosophy and underlying structure will make it a valuable addition for investors.”

The NFO opens for subscription on 7^th Oct, 2022 and closes on 21^st Oct, 2022.

Source: AMFI, Axis MF Research.

Product Labelling & Riskometer:

Note: Investors should consult their financial advisors if in doubt about whether the product is suitable for them.

The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or the model portfolio and the same may vary post NFO when actual investments are made.

Investors will be bearing the recurring expenses of the scheme in addition to the expenses of other schemes in which Fund of Funds scheme makes investment

About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds, portfolio management services and alternative investments.

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

Past performance may or may not be sustained in the future.

Stock(s) / Issuer(s)/ Top stocks mentioned above are for illustration purpose and should not be construed as recommendation.