NFO: Axis Mutual Fund launches Axis Consumption Fund; check subscription dates, minimum investment and other details
A consumption fund is a type of thematic mutual fund that invests in companies engaged in or expected to benefit from consumption and consumption-related activities. This can include sectors such as FMCG, automobiles, consumer services, consumer durables, telecommunications, healthcare, power, and realty.
The fund's exit load encourages long-term investment by charging one per cent if redeemed within 12 months. Image: Pixabay | Representational