Axis Mutual Fund files offer document for Axis Nifty Midcap 50 Index Fund
![](https://portfolio.investmentguruindia.com/investmentguruimages/upload/post/2021/05/b69c9b238fff5dab741788dd67718f37.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Axis Mutual Fund has filed offer document with SEBI to launch an open ended index traded fund named ‘Axis Nifty Midcap 50 Index Fund ‘. The New Fund Offer price is Rs 10 per unit. Entry load will be nil and Exit load if redeemed or switched out within 7 days from the date of allotment will be 1%; if redeemed / switched out after 7 days from the date of allotment will be Nil. The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.
The performance of the scheme will be benchmarked by Nifty Midcap 50IndexTRI. The minimum application amount is Rs 5000 and in multiples of Re 1 thereafter.
The investment objective of the scheme is to provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50subject to tracking errors.
![](https://portfolio.investmentguruindia.com/uploads/news/bata logo.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Apollo Hospitals_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shivam Thakral, CEO of BuyUcoin.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manhar Garegrat_po.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Dilip Chenoy, Chairman, Bharat Web3 Association.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Titan Company_.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Indian Statergy_03july.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/coal37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/ashwini37.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Shrikant Chouhan.jpg)