
Axis Mutual Fund has announced some fundamental changes in its Axis ESG Equity Fund
- The scheme name will change from Axis ESG Equity Fund to Axis ESG Integration Strategy Fund.
The investment objective will be changed to generate long-term capital appreciation by investing in a diversified portfolio of companies demonstrating sustainable practices across Environmental, Social, and Governance (ESG) parameters using an ESG Integration approach.
The type of scheme will also changed to "An open-ended equity scheme following ESG based investing theme and following an Integration approach".
These changes will come into effect from January 31, 2024.