Axis MF introduces Healthcare ETF
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Axis Mutual Fund (MF) has launched the Axis Healthcare ETF, an open-ended exchange traded fund tracking NIFTY Healthcare Index. The NFO opens for subscription on April 30, 2021 and closes on May 10, 2021. The Entry load and Exit Load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereof.
The performance of the scheme will be benchmarked to the performance to NIFTY Healthcare TR Index and its fund manager is Jinesh Gopani.
The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the NIFTY Healthcare Index subject to tracking errors.
