Axis MF introduces Nifty 50 Index Fund
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Axis Mutual Fund (MF) has launched the Axis Nifty 50 Index Fund, an open-ended Index Fund tracking the NIFTY 50 Index. The NFO opens for subscription on November 15, 2021 and closes on November 29, 2021. The Entry load and Exit load is nil for the scheme. The minimum subscription amount is Rs 5,000 and in multiples of Re 1 thereafter.
The performance of the scheme will be benchmarked against Nifty 50 Index TRI and its fund manager is Jinesh Gopani.
The investment objective of the scheme is to provide returns before expenses that closely corresponds to the total returns of the NIFTY 50 subject to tracking errors.
