Axis MF introduces Nifty500 Momentum 50 Index Fund
Axis Mutual Fund has launched Axis Nifty500 Momentum 50 Index Fund, an Open-Ended Index Fund tracking Nifty500 Momentum 50 TRI. The NFO opens for subscription on January 24, 2025 and closes on February 07, 2025. The Entry Load is not applicable for the scheme. The Exit Load will be 0.25% - If redeemed/ switched out within 15 days from the date of allotment 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/- thereof.
The performance of the scheme will be benchmarked at Nifty500 Momentum 50 TRI and its fund managers are Karthik Kumar and Sachin Releka.
The investment objective of the scheme is to provide returns before expenses that correspond to the Nifty500 Momentum 50 TRI subject to tracking errors.
