Axis Mutual Fund introduces Technology ETF
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Axis Mutual Fund (MF) has launched the Axis Technology ETF, an open-ended Exchange Traded Fund tracking NIFTY IT Index. The NFO opens for subscription on March 18, 2021, and closes on March 23, 2021. The Entry load and Exit Load is nil for the scheme. The minimum subscription amount is Rs 5000 and in multiples of Re 1 thereof.
The performance of the scheme will be benchmarked to the performance to Nifty IT TRI Index and its fund managers are Jinesh Gopani and Viresh Joshi.
The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the NIFTY IT Index subject to tracking errors.
