{"id":170,"date":"2009-12-01T15:23:21","date_gmt":"2009-12-01T15:23:21","guid":{"rendered":"http:\/\/www.apnaplan.com\/?p=170"},"modified":"2013-03-12T20:30:46","modified_gmt":"2013-03-12T15:00:46","slug":"axis-equity-fund-%e2%80%93-first-equity-fund-from-axis-amc","status":"publish","type":"post","link":"https:\/\/www.apnaplan.com\/axis-equity-fund-%e2%80%93-first-equity-fund-from-axis-amc\/","title":{"rendered":"Axis Equity Fund \u2013 First Equity Fund from Axis AMC"},"content":{"rendered":"

Axis Equity Fund: Fund Facts<\/h2>\n\n\n\n\n\n\n\n\n\n\n\n\n
Fund objective<\/td>\nThe fund\u00a0seeks long-term capital appreciation from a diversified portfolio of stocks across the\u00a0market capitalization\u00a0spectrum.\u00a0The fund\u00a0will follow a bottom-up stock-picking system and focus on growth companies with sustainable\u00a0business models.<\/td>\n<\/tr>\n
NFO opening date<\/td>\nNovember 11, 2009<\/td>\n<\/tr>\n
NFO closing date<\/td>\nDecember 08, 2009<\/td>\n<\/tr>\n
Fund Manager<\/td>\nChandresh Nigam<\/td>\n<\/tr>\n
Benchmark Index<\/td>\nS&P CNX Nifty<\/td>\n<\/tr>\n
Scheme reopens on<\/td>\nNot later than January 7, 2010<\/td>\n<\/tr>\n
Plans Offered<\/td>\nGrowth and Dividend options available. The Dividend option offers payout or reinvestment facilities<\/td>\n<\/tr>\n
Minimum Initial Application amount<\/td>\nRs 5,000 and in multiples of Re 1 thereafter<\/td>\n<\/tr>\n
Minimum Additional Purchase Amount<\/td>\nRs 100 and in multiples of Re 1<\/td>\n<\/tr>\n
Entry load<\/td>\nNIL<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Should You Invest?<\/h2>\n

Fund House Performance:<\/h3>\n

Axis AMC, a wholly-owned subsidiary of Axis Bank, is a new entrant in the fund management business. The start its operations, it filed four offer documents with the Securities and Exchange Board of India (SEBI) — Axis Equity Fund, Axis Liquid Fund, Axis Treasury Advantage Fund and Axis Tax Saver Fund. The company has already launched its two fixed income funds — Liquid Fund (Net Assets Rs 295 crores) and Treasury Fund (Net Assets Rs 1,177 crores). As the fund house is new we do not any parameter to rate it.<\/p>\n

Fund Manager Performance:<\/h3>\n

Chandresh Nigam, 40, is an engineer and holds a PGDM from IIM-Calcutta and has an 18-year experience in equity markets. Prior to Axis he was advisor to TCG Advisory Services and has also served as Fund Manager, ICICI Prudential AMC.<\/p>\n

Innovation factor:<\/h2>\n

The fund is just a diversified equity fund investing across all market caps. There are more than 100 funds in the market with this objective. So in innovation or a new offering it\u2019s nothing new.<\/p>\n

Final Verdict:<\/h2>\n

I would advise investment in a New fund Offer only if it has something new to offer. In this case, Axis AMC in itself is has no track record of managing any fund. So we cannot predict how the future of such funds would be or well the funds would perform going forward. Therefore, I would advise readers to stay away form Axis Equity Fund and to invest in existing funds with long track record of out-performance.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Axis Equity Fund: Fund Facts Fund objective The fund\u00a0seeks long-term capital appreciation from a diversified portfolio of stocks across the\u00a0market capitalization\u00a0spectrum.\u00a0The fund\u00a0will follow a bottom-up stock-picking system and focus on growth companies with sustainable\u00a0business models. NFO opening date November 11, 2009 NFO closing date December 08, 2009 Fund Manager Chandresh Nigam Benchmark Index S&P CNX […]<\/p>\n","protected":false},"author":1,"featured_media":172,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uag_custom_page_level_css":"","site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-gradient":""}},"footnotes":""},"categories":[4,53],"tags":[55,56,2192,354,614,50],"uagb_featured_image_src":{"full":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund.jpg",750,235,false],"thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund-150x150.jpg",150,150,true],"medium":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund-300x94.jpg",300,94,true],"medium_large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund.jpg",750,235,false],"large":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund.jpg",750,235,false],"1536x1536":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund.jpg",750,235,false],"2048x2048":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund.jpg",750,235,false],"yarpp-thumbnail":["https:\/\/www.apnaplan.com\/wp-content\/uploads\/2011\/09\/Axis_Equity_Fund.jpg",120,38,false]},"uagb_author_info":{"display_name":"Amit","author_link":"https:\/\/www.apnaplan.com\/author\/admin\/"},"uagb_comment_info":0,"uagb_excerpt":"Axis Equity Fund: Fund Facts Fund objective The fund\u00a0seeks long-term capital appreciation from a diversified portfolio of stocks across the\u00a0market capitalization\u00a0spectrum.\u00a0The fund\u00a0will follow a bottom-up stock-picking system and focus on growth companies with sustainable\u00a0business models. NFO opening date November 11, 2009 NFO closing date December 08, 2009 Fund Manager Chandresh Nigam Benchmark Index S&P CNX…","_links":{"self":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/170"}],"collection":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/comments?post=170"}],"version-history":[{"count":0,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/posts\/170\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media\/172"}],"wp:attachment":[{"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/media?parent=170"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/categories?post=170"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.apnaplan.com\/wp-json\/wp\/v2\/tags?post=170"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}