Axis MF launches Axis Nifty 500 Index Fund

NFO period: 26^th June – 09^th July, 2024

Highlights of the NFO:

• Scheme type – An Open-Ended Index Fund tracking Nifty 500 TRI


• Investment objective – To provide returns before expenses that closely correspond to the total returns of the Nifty 500 TRI, subject to tracking errors. There is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – This 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 500 TRI stocks and aims to achieve returns of the stated index, subject to tracking error.


• Minimum Application Amount – First investment is Rs. 100/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option only.


• Fund Managers – Mr. Karthik Kumar and Mr. Sachin Relekar


• Benchmark – Nifty 500 TRI