Axis Mutual Fund on 6 May announced the launch of a new mutual fund scheme—Axis Global Innovation Fund of Fund. According to an Axis Mutual Fund press release, "This mutual fund scheme will provide investors with an opportunity to invest in Schroder International Selection Fund (SISF) Global Disruption, a global equity fund that aims to provide long-term capital growth by investing in companies worldwide that benefit from disruption. Chandresh Kumar Nigam, chief executive officer, Axis Mutual Fund said, "Most investors in Southeast Asia, for example, invest 30-50% outside their own geography. Scheme typeIt is an open-ended fund of fund scheme that will invest in SISF Global Disruption. Global investing, therefore, diversifies the investment portfolio for investors and has the potential to improve their risk-adjusted returns, according to the Axis mutual fund press release.

Source: Mint May 06, 2021 11:42 UTC