Axis MF introduces Nifty50 Equal Weight Index Fund
Axis Mutual Fund has launched Axis Nifty50 Equal Weight Index Fund, an Open-Ended scheme replicating/tracking Nifty50 Equal Weight TRI. The NFO opens for subscription on July 03, 2026 and closes on July 17, 2026. The Entry Load is not applicable for the scheme. The Exit Load: If redeemed/ switched out within 15 days from the date of allotment: 0.25% and Nil -If redeemed/ switched out after 15 days from the date of allotment. The minimum subscription amount is Rs. 100 and in multiples of Re. 1/- thereafter.
The performance of the Scheme will be benchmarked against Nifty50 Equal Weight TRI and its fund managers are Nandik Malik and Rohit Gautam.
The investment objective of the scheme is to provide returns before expenses that correspond to the performance of Nifty50 Equal Weight TRI subject to tracking error.
