‘Axis Retirement Savings Fund’ launched

Chandresh Kumar Nigam, MD and CEO, Axis AMC briefing media persons about 'Axis Retirement Savings Fund'.
Chandresh Kumar Nigam, MD and CEO, Axis AMC briefing media persons about 'Axis Retirement Savings Fund'.

Excelsior Correspondent

JAMMU, Nov 26: Axis Mutual Fund, one of the leading asset management companies, today announced the launch of its new fund ‘Axis Retirement Savings Fund’, an open-ended retirement solution oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier).
The new fund offer (NFO) opens for subscription on November 29, 2019 to December 13, 2019.
Axis Retirement Savings Fund has a lock-in of 5 years or till retirement age (whichever is earlier). Keeping in mind the diverse investor risk profiles, the Fund offers three investment plans–An Aggressive Plan where equity exposure will range between 65-80%, A Dynamic Plan where equity exposure will be dynamically managed between 65-100% and a Conservative Plan where debt exposure will range between 40 – 80%. Having different options with different risk profiles is essential when offering a long term solution such as retirement fund. This is because investors’ risk profile changes based on their age and circumstance. For example, as investors approach their retirement age, their ability to take risk comes down and consequently they need a low risk investment option. At the same time a younger investor that has a long way to go to retirement can afford to take high risk and needs to be more focused on an investment option that focuses on wealth generation.
The fund offers a unique and innovative feature that aims to ensure that the investor’s long term planned investments don’t fall victim to the risk of the unknown. The iPlus SIP Insurance facility offers investors a complementary life cover that is equal to the remaining commitment of their long term SIPs. This feature will allow investors peace of mind as they make long term investment plans keeping in mind their family and dependents. The insurance will be provided by HDFC Life Insurance Company Limited.
Chandresh Kumar Nigam, MD and CEO, Axis AMC while talking to reporters said, “Axis Retirement Savings Fund is our small step to help investors execute the most critical part of their financial plan. Further we have designed this product keeping in mind the need to offer each investor the flexibility to navigate this journey in the manner that works best for them. Given Axis AMC’s investment philosophy that focuses on sustainable long term returns, we are confident that we can help investors reach a happy retirement”.

LEAVE A REPLY

Please enter your comment!
Please enter your name here