Axis Mutual Fund has 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.
The repositioning of fund becomes effective from 1st October 2021 and with this we aim to become a prominent player in the Balanced Advantage Fund category. After the revision, Axis Balanced Advantage Fund will have greater flexibility to invest in a particular asset class with the minimum range of 0% to maximum range of 100% in both Equity and Fixed Income. The scheme also has the provision to invest 0% to 10% in units issued by REITs & InvITs. On this development, Mr. Chandresh Nigam, MD & CEO, Axis AMC said, “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.”
