Axis Asset Management Company has announced the launch of an open-ended equity fund — Axis Focused 25 Fund.
The fund will have a concentrated focus on select 25 best ideas at any point of time with a majority of companies being drawn from the top 200 Indian companies (based on market capitalisation), said a press release from the fund house.
The new fund offer closes for subscription on June 25, 2012 and investors can either invest through monthly instalments of Rs 1,000 or a one-time investment of Rs 5,000.