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A reclassified fund must serve your objective, says Axis Mutual Fund MD

Understand how the risk-return profile and investment style of your fund have changed and see if it still fits in your portfolio

Business Standard 

PE Funds

“Investors need to understand whether the fundamental attribute change is causing a material change in a fund's investment style and risk-return positioning. The fundamental attributes of many funds have changed to clearly highlight the maturity bucket of the portfolio (in case debt funds) or the large cap/mid-cap definition of the universe (in equity funds) to align with Sebi's prescribed definitions of scheme categories. If the proposed change causes a significant shift in the way the fund will be managed, investors need to take a call on whether they agree with the change. If not, they should exit and re-allocate to funds that are better aligned with their objectives.”

Chandresh Kumar Nigam

Chandresh Kumar Nigam, MD & CEO, Axis Mutual Fund


Source: Clearfunds.com

Source: Clearfunds.com

First Published: Sun, April 29 2018. 20:49 IST
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