In the Indian economic landscape is rapidly developing, which is fuelled by a growing population and the emergence of the world’s largest middle class. This demographic shift, coupled with increasing income levels and desires it is the reason for the growth of consumption mutual funds. One of the best funds is Axis consumption Fund which offers a golden opportunity to capitalize on the expanding market, making it an appealing opportunity to invest in India’s consumption valued growth story.
The Consumption Growth Story
India’s household of consumption has nearly doubled in the past years at a CAGR of 7.2%. this ratio is higher than China, the US, and Germany. India stands out as the 5th largest growing country in the consumer market.
Mostly the habits in India of the consumption sectors have transformed amazingly over the years. In the past, this was dominated by traditional retail with the limited digital uses, while the consumer choices were mainly stick towards not organized sectors. In the today’s dynamic sector, there is a dramatic rise in e-commerce, digital payments, and a burgeoning the choice of consumers in advanced products and services.
About Axis Consumption Mutual Fund
The new NFO of the Mutual fund is Axis Consumption Mutual Fund which opened on the 23-Aug-2024, and closed on 6-Sep-2024, this thematic scheme is introduced in the market to provide sustainable growth. This new fund benchmark index is Nifty TRI which follows companies of India’s consumption market. The fund provides a strategic approach for better performance in the market and also achieves consistent performance over a long period of time. Investors should invest in this fund at least for 5 years or more.
Investment Strategy of Axis Consumption Mutual Fund
- Active Management
This fund follows active management with this it creates an investment portfolio that diversifies across consumption sectors. It aims to offer valuable assets to diversify and create wealth.
- Across Market Capitalization
The Axis consumption fund diversifies their asset in different market capitalizations like a small, mid, and large caps. By investing in these market caps this fund generates wealth and businesses, which will provide a balanced portfolio and reduce risk across market volatility.
- Quality Focused Style
This fund also has the quality focused style and strong growth potential to build long-term stability. It has the robust management and a proven track record which stands out in the mutual fund industry. The Axis fund house built an amazing AUM asset management company and outperformed its peers in the market.
- Bottom Up Approach
This Fund follows a Bottom up approach which means this fund focuses on the individual company or business and does not run towards the market economy and broader trends. It creates its own unique identity which involves fund management by experts, analysis, data, and research of historical performance. This fund also has the leading capacity in the mutual fund market and is driven to give strong performance.
A Reason to Invest in the Business Cycle Fund of the Bank of India?
With an emphasis on consumer-oriented businesses, the Bank of India Business Cycle Fund is an equity program designed to increase your investment over time. It makes equity investments in businesses that provide services and consumer goods. The goal of the fund is to manage risk and increase wealth by distributing assets among several consumer-related stocks. This fund will gain when the economy of India expands due to an increase in consumer demand. The fund has an extensive reach because the consumption index encompasses over some sectors and 70 industries. Investing in this industry is a wise decision because it has demonstrated significant long-term growth potential and has fared well throughout market downturns.
Reason to Invest in Axis Consumption Mutual Fund
The reason to choose this Axis Consumption fund is here this will provide as of clarity why you should opt for this fund:
- Diversification of Your Portfolio
This fund spread risk while diversifying its portfolio across different asset classes, and targets the long term wealth creation across various sectors within the consumption mutual fund. Even the consumption fund index Nifty TRI is based on more than 9 sectors and some basic industries.
- Potential for Strong Growth
This fund has the potential to match your investment portfolio with an Indian economy, also meant to provide strong growth expanding their consumption market.
- High Return Potential Oriented
The consumption sector has shown a strong portfolio of high return potential for the long-term higher return, while also experiencing some drawdown during the volatile market. Because of its high potential growth, this fund makes a valuable asset to your portfolio.
- Fund Management by Expert
It benefited from the experienced managers who have the potential to bring better returns with using quality-focused focus. The expertise of the fund manager gives the quality portfolio with a bottom-up approach.
- Manages Trends
This fund follows the latest trend in the consumption market, with the combination of urbanization and, the digital field, and that also affects the young population. The market trends bring clarity and high growth portfolio management while utilizing the best fund strategy.
Who Handles Axis Consumption Mutual Fund?
The Fund manager who manages this fund is Mr. Shreyansh Devalkar Axis AMC’s Head of stock, Shreyash Devalkar, has over 20 years of expertise in the stock markets. As a Fund Manager, he began working with Axis in 2016. In 2023, he is given the opportunity to oversee the equity team. He oversees the Axis Bluechip Fund, Axis Midcap Fund, Axis ELSS Tax Saver Fund, and Axis Growth Opportunities Fund, among other important funds of Axis AMC.
Prior to coming to Axis AMC, Shreyash spent more than five years working as a fund manager at BNP Paribas AMC. Moreover, from September 2005 to July 2008. he was employed as a Research Analyst at IDFC Securities and IDFC Asset Management Company, respectively.
Final Statement
In the conclusion the new fund offers (NFO) axis consumption scheme provides a better reason to invest in the consumption industry. This thematic fund diversifies its assets within different asset management. If you start investing in this fund with the SIP (Systematic Investment Plan) mutual fund. this will help you to generate wealth and build financial security.
Consumption has a growth potential story within the consumer market. In this story, India stands at 5th position on the consumption industry. However, this fund provides understanding of investing in the rapidly emerging businesses.
Based on the above article this axis consumption fund creates a well diversify and profit-oriented portfolio, the new fund offer has the ideology of expert management and wealth creation.
