This fund aims to capture the value created by India's expanding consumer base, their changing preferences, and increasing purchasing power.
The finding is based on data of 10 million Axis MF investors, 30 per cent of whom are women, the fund house stated
The open-ended equity scheme has been benchmarked against the Nifty India Manufacturing TRI and will open on December 1, 2023
The majority 59 per cent of investors still consider past performance as one of the key benchmarks for investing in mutual funds.
In the Rs 25 trillion MF industry which has been growing at 20-25 per cent annually for the past few years, AMF is the 10th largest company