Axis Mutual Fund launches Axis Consumption ETF

NFO period: 30^th August – 13^th September, 2021

Highlights of the NFO:

• Scheme type – An open ended Exchange Traded Fund tracking NIFTY India Consumption Index


• Investment objective – To provide returns before expenses that closely correspond to the total returns of the NIFTY India Consumption Index subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking long term wealth creation solution. The fund that seeks to track returns by investing in a basket of NIFTY India Consumption Index stocks and aims to achieve returns of the stated index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – The scheme does not offer any Plans/Options for investment.


• Fund Managers – Mr. Viresh Joshi and Mr. Deepak Agarwal


• Benchmark – Nifty India Consumption TRI Index