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Axis Mutual Fund (MF) has launched the Axis Nifty Smallcap 50 Index Fund, an open-ended Index Fund tracking the Nifty Smallcap 50 Index. The NFO opens for subscription on February 21, 2022 and closes on March 07, 2022. The Entry load and the Exit load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Rs 1 thereafter.

The performance of the Scheme would be benchmarked against Nifty Smallcap 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 Smallcap 50 subject to tracking errors.