2026-08-07 05:52:34 pm | Source: Accord Fintech
Axis Mutual Fund files offer document for Nifty Private Bank ETF
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Axis Nifty Private Bank ETF'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load and Exit load will be nil. The Scheme offers no plans and Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.
The performance will be benchmarked against NIFTY Private Bank TRI. The minimum application will be Rs 5,000 and in multiples of Rs 10 thereafter.
The investment objective of the scheme is to provide returns before expenses that correspond to the performance of Nifty Private Bank TRI subject to tracking errors.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
US becomes India's largest LPG supplier as import sh...
India's Ola Electric posts narrower first quarter lo...
Financial Services Sector Update : RBI proposes curb...
Accumulate Hero MotoCorp Ltd For Target Rs.6,000 by ...
GeM crosses Rs 20 lakh crore procurement milestone a...
Buy Britannia Industries Ltd For Target Rs.6,579 by ...
India focuses on capacity-building in Africa unlike ...
Hold TCI Express Ltd For Target Rs.576 by Prabhudas ...
Accumulate Siemens Energy India Ltd For Target Rs.3,...
India's forex reserves surge by $10.512 billion to $...
