Axis MF introduces Nifty Midcap 50 Index Fund
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Axis Mutual Fund (MF) has launched Axis Nifty Midcap 50 Index Fund, an Open-Ended Index Fund tracking the Nifty Midcap 50 Index. The NFO opens for subscription on 10, 2022 and closes on March 21, 2022. The Entry load is not applicable for the scheme. The Exit Load will be 0.25%, if redeemed / switched out within 7 days from the date of allotment/ Investment. The minimum subscription amount is Rs 5,000 and in multiples of Rs 1 thereafter.
The performance of the Scheme will be benchmarked with Nifty Midcap 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 Midcap 50 subject to tracking errors.
