Axis Retirement Savings Fund: NFO review
Should you invest?
Mutual fund advisors maintain that fundamentally, retail investors should stay away from new fund offers. They should investors should go for an NFO only if it offers something that is not available in the market. “Axis Mutual Fund has been a good performer across categories in the last two years. The fund manager- Jinesh Gopani, has managed the other schemes really well. However, there are some retirement schemes which have a 10 year track record and have proven themselves in various market cyccycles with good returns. There are schemes from many fund houses which have a five-year track record,” says Santosh Joseph, CEO & Founder, Germinate Wealth Solutions LLP, a Bengaluru-based wealth management firm.