Axis MF launches NFO for a quant fund
The NFO will be open during June 11-25, and the minimum application size is Rs 5,000
image for illustrative purpose
Hyderabad: Axis Mutual Fund on Tuesday announced a new fund offer for a 'quant fund' that will deploy preset quantitative methods to select stocks to invest in. The NFO will be open between June 11 and June 25, and the minimum application size for the NFO is Rs 5,000. The strategy for the open-ended scheme entails identifying the strongest bottom-up stock opportunities to invest into while accounting for both risks and return prospects.
"The process will use fundamental factor based approach to select the best ideas on the basis of which it will construct and monitor the portfolio," the AMC said. The fund house is pitching the new fund as a long-term capital appreciation tool that will primarily invest in equity and equity-related instruments selected based on a systematic quantitative process. "The landscape of active equity investing has evolved and markets are becoming more efficient. While introducing new fund offers in the market, our constant aim has been to provide investors with a product basket that suits their needs and helps them in diversify their portfolio, allowing them to make long term allocations," Chandresh Nigam, MD & CEO, Axis AMC, told the media.
