Mumbai: Axis Asset Managment Company on Wednesday launched the 'Axis Focused 25 Fund' that will focus on select 25 best companies with a majority of these being drawn from the top 200 domestic companies.

The equity fund offer will be opened for subscription till June 25, 2012 and people can invest through monthly installments of Rs 1,000 or a one-time investment of Rs 5,000, the company said.

"The key feature of the fund is that we will attempt to nurture these companies over their business cycle without being unduly concerned by short term market volatility. It is thus ideal for patient and long term equity investors with an investment time horizon of more than five years," Managing Director and CEO of Axis AMC, Rajiv Anand said.

The new fund, which is based on the premises that quality companies tend to maintain their growth trajectory despite downturn, will have strict internal risk management limits for the Axis Focused 25 Fund to ensure that the portfolio is well-diversified across sectors and is not illiquid.

Axis AMC is a wholly owned subsidiary of Axis Bank and manages assets of over Rs 9,000 crores in over 410,000 investor accounts.


Latest News from Business News Desk