Bharti AXA MF's Infrastructure NFO

 

Bharti AXA Investment Managers has announced the launch of the Bharti AXA Focused Infrastructure Fund.

 

It is an open-ended equity fund that would invest in equity and equity-related securities of companies engaged in infrastructure and infrastructure-related sectors. 

 

The reasoning behind the creation of the new fund, as per the fund house, is the opportunity that has been unveiled. According to the fund house, the CNX Infrastructure index has outperformed the broader CNX Nifty index over a period of 3 years. This trend is likely to continue owing to the increased outlay for infrastructure both from government and public-private partnerships.

 

"Our internal research has indicated that core Infrastructure stocks amongst the companies forming the BSE 100 index has outperformed the BSE 100 index by 19% CAGR over a period of 3 years. By having a focused portfolio of such sectors, we expect to derive the best for our investors through this fund," said Prateek Agrawal, Head, Equity, Bharti AXA Investment Managers.

 

The fund's performance will be benchmarked against the BSE 100 Index.

 

"India, amongst all developing countries, has the need to invest most on infrastructure development. The government is cognizant of this fact and has taken significant steps towards meeting infrastructure needs. This provides for a very good opportunity for investor participation and deriving benefit," said Vikaas M Sachdeva, Country Head – Business Development, Bharti AXA Investment Managers.

• The new fund offer (NFO) commences January 20, 2010 and closes on February 15.
• The fund offers both growth option for capital appreciation as well as dividend options. 
• The face value is Rs 10 per unit.
• The minimum investment amount is Rs 5,000, while the additional investment amount is Rs 1,000. Investments may be made in multiples of Re 1 subject to minimum investment amount.

 

One per cent exit load would be applicable if redeemed within one year.

The SIP/STP route is also available to investors.

 

Bharti AXA Investment Managers is a joint venture between Bharti Ventures Ltd, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH, through its wholly owned subsidiary National Mutual International Pty. Limited).

 

Bharti AXA Mutual Fund has been set up as a Trust (under the Indian Trust Act, 1882) by AXA Investment Managers, sponsor of the fund.