{"id":2626,"date":"2020-12-15T04:49:11","date_gmt":"2020-12-15T04:49:11","guid":{"rendered":"https:\/\/blog.certifiedfinancialguardian.com\/?p=2626"},"modified":"2020-12-15T05:06:48","modified_gmt":"2020-12-15T05:06:48","slug":"axis-special-situations-fund-looking-to-create-wealth-with-innovators","status":"publish","type":"post","link":"https:\/\/blog.certifiedfinancialguardian.com\/index.php\/2020\/12\/15\/axis-special-situations-fund-looking-to-create-wealth-with-innovators\/","title":{"rendered":"Axis Special Situations Fund: Looking to Create Wealth with Innovators"},"content":{"rendered":"\n

“Change is the only constant” <\/em>– Greek Philosopher, Heraclitus<\/p>\n\n\n\n

Every now and then, a disruption changes the way a company or sector routinely manages it operations. While disruptions can push certain companies to the verge of extinction, there are those that use such situations as a learning curve to constantly re-invent and adapt their businesses to the changing environment and be future ready. Such companies\/industries that evolve dynamically can prove to be valuable investment opportunities.<\/p>\n\n\n\n

Over the past few years, companies have witnessed an acceleration in disruptive change due to growth in technological power coupled with regulatory changes (GST, UPI, etc.). Moreover, private equity firms are actively looking to promote new and innovative business models.<\/p>\n\n\n\n

In the wake of this, Axis Mutual Fund<\/a> has launched Axis Special Situations Fund<\/strong>. The fund house is of the view that disruptive growth is not limited only to disruptors – it creates opportunity across the entire value chain that could include enablers (companies that are facilitating the change) and adaptors (incumbents who positively respond to the changed reality).<\/p>\n\n\n\n

As a thematic fund, Axis Special Situations Fund has a mandate to invest minimum 80% of its assets in equity & equity related instruments following special situations theme. The performance benchmark index of the fund is Nifty 500 Total Returns Index.<\/p>\n\n\n\n

Axis Special Situations Fund is an open-ended equity scheme that will seek to generate long-term capital appreciation by investing in mis-priced stocks facing special situations following a multi cap and multi sector approach. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.<\/p>\n\n\n\n

Table 1: Details of Axis Special Situations Fund<\/em><\/strong><\/p>\n\n\n\n

\n
\n\n\t\n\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t\n\t\t\t
Type<\/strong><\/td>\n\t\t\tAn Open ended Equity Scheme following special situations theme<\/td>\n\t\t\tCategory<\/strong><\/td>\n\t\t\tThematic Fund<\/td>\n\t\t<\/tr>\n\t\t
Investment Objective<\/strong><\/td>\n\t\t\tTo generate long-term capital appreciation by investing in mis-priced stocks facing special situations. The mis-pricing of stocks can occur due to companies facing special situations like regulatory\/policy changes, management restructuring, technology led disruption and innovation or any temporary challenges in the operating environment. However, there can be no assurance that the investment objective of the Scheme will be achieved.<\/td>\n\t\t<\/tr>\n\t\t
Min. Investment<\/strong><\/td>\n\t\t\tRs 5,000 and in multiples of Re 1 thereafter<\/td>\n\t\t\tFace Value<\/strong><\/td>\n\t\t\tRs 10\/- per unit<\/td>\n\t\t<\/tr>\n\t\t
Plans<\/strong><\/td>\n\t\t\t\n\t\t\t
    \n\t\t\t\t
  • Direct<\/li>\n\t\t\t\t
  • Regular<\/li>\n\t\t\t<\/ul>\n\t\t\t<\/td>\n\t\t\t
Options<\/strong><\/td>\n\t\t\t\n\t\t\t
    \n\t\t\t\t
  • Growth<\/li>\n\t\t\t\t
  • Dividend<\/li>\n\t\t\t<\/ul>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t
Entry Load<\/strong><\/td>\n\t\t\tNot Applicable<\/td>\n\t\t\tExit Load<\/strong><\/td>\n\t\t\t\n\t\t\t
    \n\t\t\t\t
  • – An Exit Load of 1% is payable if Units (in excess of 10% of units allotted) are redeemed \/ switched-out within one year from the date of allotment;<\/li>\n\t\t\t\t
  • – Nil if Units are redeemed \/ switched-out after one year from the date of allotment<\/li>\n\t\t\t<\/ul>\n\t\t\t<\/td>\n\t\t<\/tr>\n\t\t
Fund Manager<\/strong><\/td>\n\t\t\t\n\t\t\t
    \n\t\t\t\t
  • – Mr Ashish Naik<\/li>\n\t\t\t\t
  • – Mr Hitesh Das<\/li>\n\t\t\t<\/ul>\n\t\t\t<\/td>\n\t\t\t
Benchmark Index<\/strong><\/td>\n\t\t\tNifty 500 (Total Returns Index)<\/td>\n\t\t<\/tr>\n\t\t
Issue Opens:<\/strong><\/td>\n\t\t\tDecember 04, 2020<\/td>\n\t\t\tIssue Closes:<\/strong><\/td>\n\t\t\tDecember 18, 2020<\/td>\n\t\t<\/tr>\n\t<\/tbody>\n<\/table>\n<\/div>\n<\/center>\n\n\n\n

(Source: Scheme Information Document<\/a>)<\/p>\n\n\n\n

Investment strategy – Axis Special Situations Fund<\/strong><\/p>\n\n\n\n

Axis Special Situations Fund will look for opportunities to capture value created by disruptive growth. The disruption could be due to special situations like regulatory\/policy changes, management restructuring, technology led disruption and innovation, or any temporary challenges in the operating environment, resulting in mis-pricing or unanticipated growth potential of stocks.<\/p>\n\n\n\n

The fund will look to invest in stocks that are:<\/p>\n\n\n\n