Axis Mutual Fund enters Balanced Advantage Fund category

Hyderabad AXIS Mutual Fund, one of the leading mutual fund houses in India, renamed and repositioned its existing fund (Axis Dynamic Equity Fund) to Axis Balanced Advantage Fund. Axis Balanced Advantage Fund is an open ended dynamic asset allocation fund which manages exposure actively between Equity and Fixed income.

This dynamic nature makes it an ideal investment solution for all investors as the fund not only manages to navigate market volatility better but also focuses on wealth creation over the long term. The repositioning becomes effective from October 1, 2021 and with this the fund wants to become a prominent player in the Balanced Advantage Fund category.

The inherent volatile nature of equities can sometimes lead to abnormality in price action in the near term. This can influence investor behaviour and lead investors to buy at market peaks and sell at market lows, causing massive wealth destruction. This very destruction can be mitigated if investors can be presented with a product that has intelligent risk management built in its core.

After the revision, Axis Balanced Advantage Fund will have greater flexibility to invest in a particular asset class with the minimum range of 0 per cent to maximum range of 100 per cent in both Equity and Fixed Income. The scheme also has the provision to invest 0 per cent to 10 per cent in units issued by REITs & InvITs.

On this development, Chandresh Nigam, MD & CEO, Axis AMC said, "As investors, we all want to invest with the confidence that our investments will not fall prey to vagaries of market volatility. Balanced Advantage funds allow investors to mitigate equity risk through a structured process that manages equity exposure dynamically. We believe that Balanced Advantage funds will transform investing experience for investors and allow them to benefit from the long term growth potential of equity while managing its risk."