Axis MF launches Axis Nifty500 Value 50 Index Fund

by News Team | Mutual 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.)