Axis MF launches Axis S & P BSE Sensex Index Fund

NFO period: 08^th February – 22^nd February, 2024

Highlights of the NFO:

• Scheme type – An open ended Index Fund tracking the S&P BSE Sensex TRI


• Investment objective – To provide returns before expenses that corresponds to the total returns of the S & P BSE Sensex TRI subject to tracking errors. However, there is no assurance 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 S&P BSE Sensex TRI stocks and aims to achieve returns of the stated index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 500/- 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. Karthik Kumar and Mr. Ashish Naik


• Benchmark – S&P BSE Sensex TRI