SBI Mutual Fund and Axis Mutual Fund have recently launched new schemes aimed at meeting diverse investor needs. SBI Mutual Fund introduced the SBI Dynamic Asset Allocation Active Fund of Fund (FoF), while Axis Mutual Fund rolled out the Axis Nifty500 Quality 50 Index Fund. The SBI scheme is an open-ended fund investing in actively managed equity and debt mutual fund units. Its New Fund Offer (NFO) runs from August 25 to September 8. The fund dynamically allocates assets based on market trends, with 35%–65% in equity-oriented schemes, 0%–65% in debt schemes, and up to 5% in money market instruments. It primarily invests in SBI Mutual Fund schemes but may include other fund houses as well.
Axis Mutual Fund’s offering, open from August 21 to September 4, tracks the Nifty500 Quality 50 TRI index. This index uses metrics like return on equity, leverage, and earnings consistency to select 50 high-quality companies. The fund requires a minimum investment of ₹100 and has a 0.25% exit load if redeemed within 15 days. With long-term returns of 15.6% over 15 years, the Axis fund has shown resilience during market downturns while maintaining lower volatility than the Nifty 50.
