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News Axis MF launches Axis Nifty500 Value 50 Index Fund
Oct 4, 2024
Mutual Fund
Axis MF launches Axis Nifty500 Value 50 Index Fund
NFO period: 04th October - 18th October, 2024
Highlights of the NFO:
- Scheme type - An Open-Ended Index Fund tracking Nifty500 Value 50 TRI
- Investment objective - To provide returns before expenses that correspond to the Nifty500 Value 50 TRI subject to tracking error. 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. An index fund that seeks to track returns by investing in a basket of Nifty500 Value 50 stocks and aims to achieve returns of the stated total return index, subject to tracking error.
- Minimum Application Amount - First investment is Rs. 100/- and in multiple of Rs. 1/- thereafter
- Plan/ Options available - Regular Plan and Direct Plan having Growth Option only.
- Fund Managers - Mr. Karthik Kumar and Mr. Hitesh Das
- Benchmark - Nifty500 Value 50 TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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