Axis Growth Opportunities Fund

Updated on: Jan 13th, 2022


7 min read

Axis Growth Opportunities Fund is an open-ended scheme launched by Axis Mutual Fund house. The scheme aims to create wealth by investing in domestic and overseas stocks over the long run. This article covers the following:

What is Axis Growth Opportunities Fund?

Axis Growth Opportunities Fund is an open-ended scheme launched by Axis Mutual Fund house. The scheme aims to create wealth over the long run by maintaining a well-diversified portfolio of equity and equity related instruments both in India as well as abroad. It offers an amazing investment opportunity to generate higher risk-adjusted returns by taking exposure to an intelligent blend of domestic and foreign equities.

The overseas asset allocation process is spearheaded in collaboration with Schroder Investment Management Limited. The fund is predominantly composed of large-cap stocks about 65%; wherein 30-35 per cent is allocated to domestic large caps and remaining in foreign securities. The rest of 40% of the fund is made up of domestic midcap stocks. The fund manager seeks to align the domestic philosophy of the fund house with the overseas investment philosophy. It translates into matching the bottom-up stock picking strategy with high growth prospects.

The New Fund Offer (NFO) period is from 01 October 2018 to 15 October 2018. The scheme is available as a direct plan as well as a regular plan of the mutual fund. Additionally, both the plans are available in growth and dividend  (payout and reinvestment facility) options.

How much cost is involved to invest in the scheme?

Before investing in an NFO, it becomes crucial to know about its overall cost structure as it affects your take home returns considerably. The minimum amount required to buy units of this fund is Rs 5,000 and in multiples of Re 1 thereafter. You can purchase additional units of the scheme by paying an amount of Rs.100 and in multiples of Re. 1/- thereafter. There are no entry loads to invest in the scheme. However, the scheme charges an exit load of 1% if units are redeemed/switched out before 12 months from the date of allotment. But, if you exit the scheme after 12 months from the date of allotment, then no exit loads will be applied. The fund will be managed by Mr Jinesh Gopani and Mr Hitesh Das (for the overseas securities). The fund will measure its performance against S&P BSE 200 Index.

What are the risks involved in the Scheme?

Investing in NFOs can be a tricky proposition. It is better to get abreast with the associated risk involved in the scheme:

  • The fund value may fluctuate on account of changes in trading volumes, settlement procedure, overall interest rates, price of underlying securities and other economic factors.
  • The future performance of the scheme cannot be guaranteed to be same as its past performance. It is not an assured return scheme.
  • According to the investment objectives of the Scheme, the fund manager may invest in overseas markets. This may carry risk like foreign exchange rate changes, differences in the structure of the stock market of other countries, government regulation on repatriation of capital, and political instability.
  • The fund may use derivatives to manage foreign currency risk and interest rate risk.  Derivatives being highly leveraged instruments, a small price movement in the underlying equity may cause a big change in the fund value.
  • As per the regulatory limits, the fund manager may invest in unlisted securities to increase the overall yields. This might however enhance the overall risk of the portfolio.

Who should invest in the scheme?

Investors who wish to accumulate wealth over an investment horizon of 5 years or more may go for this scheme. This scheme is suitable for those who are looking for an opportunity to diversify into overseas stock markets. In this way, get a chance to participate in the growth stories of multiple global brands. They should be ready to take the additional risks involved that comes along with the extra returns. The scheme is operating for the first time; so it neither has a historical track record nor it spells out top 10 holdings and fund allocation information. You may have to depend on the past performance of the fund manager. At the same time there is no guarantee that the fund strategy works as planned. The fund value will be affected by market risks and other associated risks. You can decide to invest in this accordingly.

What are advantages of the Scheme?

The unique feature of this scheme is its exposure to global brands in a controlled manner. This kind of diversification will enable the portfolio to generate higher returns on account of low correlations among the markets. In a way, such allocations assist in withstanding financial shocks in a better and planned manner thereby reducing the risk of the overall portfolio. Efforts are being made to explore market inefficiencies to boost returns via disciplined investing in stocks.

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Quick Summary

Axis Growth Opportunities Fund is an open-ended scheme that aims to generate wealth by investing in domestic and overseas stocks. There's no entry loads, but a 1% exit load within 12 months. Risks include market fluctuations and unforeseen events. It's suitable for long-term investors seeking global diversification. ClearTax offers easy mutual fund investing with a 5-minute process.

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