Axis MF introduces S&P BSE SENSEX ETF
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Axis Mutual Fund (MF) has launched Axis S&P BSE Sensex ETF, an Open-Ended Exchange Traded Fund Tracking S&P BSE Sensex TRI with Relatively High Interest Rate Risk and Relatively Low Credit Risk. The NFO opens for subscription on March 10, 2023 and closes on March 15, 2023. The Entry load and Exit load is not applicable for the scheme. The minimum subscription amount is 5,000 and in multiples of Re 1 thereof.
The performance of the scheme will be benchmarked against S&P BSE Sensex TRI and its fund manager is Ashish Naik.
The investment objective of the scheme is to provide returns before expenses that correspond to the total returns of the S&P BSE Sensex TRI subject to tracking errors.
