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News Axis Mutual Fund launches Axis NASDAQ 100 Fund of Fund
Oct 7, 2022
Mutual Fund
Axis Mutual Fund launches Axis NASDAQ 100 Fund of Fund
NFO period: 07th October - 21st October, 2022
Highlights of the NFO:
- Scheme type - An open ended fund of fund scheme investing in the units of ETFs focused on the Nasdaq 100 TRI
- Investment objective - To replicate the performance of the Nasdaq 100 TRI by investing ETFs whose primary objective is to track/replicate the performance of the Nasdaq 100 TRI, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
- Product suitability - The product is suitable for investors who are seeking capital appreciation over long term by investing in underlying ETFs that seek to replicate/track the performance of the NASDAQ 100 TRI.
- Minimum Application Amount - First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter
- Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility).
- Fund Managers - Mr. Hitesh Das
- Benchmark - NASDAQ 100 TRI (INR)
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
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