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News Axis MF launches Axis Nifty500 Momentum 50 ETF
Mar 13, 2025
Mutual Fund
Axis MF launches Axis Nifty500 Momentum 50 ETF
NFO period: 13th March - 18th March, 2025
Highlights of the NFO:
- Scheme type - An Open-Ended Exchange Traded Fund replicating/tracking Nifty500 Momentum 50 TRI
- Investment objective - To provide returns before expenses that correspond to Nifty500 Momentum 50 TRI, subject to tracking errors. There is no assurance that the investment objective of the scheme will be achieved.
- Product suitability - This product is suitable for investors who are seeking long term wealth creation solution. To track returns by investing in a basket of Nifty500 Momentum 50 Index securities and aims to achieve total returns of the stated index, subject to tracking error
- Minimum Application Amount - Rs. 500 and in multiples of Rs. 1/- thereafter.
- Plan/ Options available - The Scheme does not offer any Plans/Options for investment.
- Fund Managers - Mr. Karthik Kumar
- Benchmark - Nifty500 Momentum 50 TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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