Axis Mutual Fund has announced the launch of the Axis Multi-Asset Active Fund of Fund (FoF), an open-ended fund of funds scheme investing in units of equity-oriented and debt-oriented mutual fund schemes and commodity-based ETFs.

The New Fund Offer or NFO of the fund will open for subscription on November 21 and will close on December 5.

The Axis Multi-Asset Active FoF is designed to provide investors with a single-window solution for multi-asset diversification, combining equity, debt, gold, and silver exposure in one intelligently managed portfolio.

The fund aims to deliver long-term capital appreciation by dynamically allocating across asset classes and themes, guided by a robust quantitative model and an internal committee. This approach ensures that allocation decisions are based on valuations, macro indicators, market trends, and commodity factors, while also considering non-quantifiable elements such as geopolitical developments and evolving market expectations.