Axis Mutual Fund has launched their first quant fund- an open ended equity scheme following a quantitative model. The fund aims to generate long-term capital appreciation by investing primarily in equity and equity related instruments selected based on a systematic quantitative process. The NFO opens on June 11 and closes on June 25.
The minimum application amount for the NFO is Rs 5,000 and in multiples of Re 1 thereafter. The fund is benchmarked against S&P BSE 200 TRI. According to the press release, ‘Axis Quant Fund’ will follow a fundamentally driven quantitative approach to investing. This strategy through its proprietary in-house model aims to identify the strongest bottom-up stock opportunities to invest into while accounting for both risks and return prospects.
“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. The launch of Axis Quant Fund is our attempt to continue that journey for investors by offering them a product that can use the power of data to create long term wealth,” said Chandresh Nigam, MD & CEO, Axis AMC.
According to the fund house, the fund is suitable for investors looking at new avenues of investing to diversify their existing portfolio of funds and aiming to allocate for the long term. The fund offers a unique proposition, combining the power of fundamentals with disciplined risk management. It aims to create diversified portfolio that has the potential to work across the market cycle.