Axis MF launches Axis Nifty IT Index Fund

NFO period: 27^th June – 11^th July, 2023

Highlights of the NFO:

• Scheme type – An Open Ended Index Fund tracking the NIFTY IT TRI


• Investment objective – To provide returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors. However, there can be 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. An index fund that seeks to track returns by investing in a basket of Nifty IT TRI 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 – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-Investment Facility).


• Fund Managers – Mr. Hitesh Das


• Benchmark – NIFTY IT TRI