Axis MF introduces Nifty Next 50 Index Fund
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Axis Mutual Fund (MF) has launched the Axis Nifty Next 50 Index Fund, an open-ended index fund tracking the NIFTY NEXT 50 Index. The NFO opens for subscription on January 07, 2022 and closes on January 21, 2022. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereafter.
The performance of the Scheme would be benchmarked against Nifty Next 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 NEXT 50 subject to tracking errors.
