Axis Mutual Fund on Wednesday launched its new fund – ‘Axis Growth Opportunities Fund‘. India‘s equity market cap is just 3% of world‘s market cap indicating that domestic mutual fund investors are not exposed to 97% of the world‘s equity investment opportunities. This fund aims to offer global diversification to Indian investors by participating in equity and equity related instruments both in India as well as overseas.
The fund will typically look to have 30-35% in domestic large caps & up to 35% in foreign securities (predominantly large caps) making total large caps as 35-65% and total domestic midcaps of 35-40%. Overseas allocation will be made by directly investing in foreign securities advised by Schroder Investment Management Limited.