Axis MF launches Axis Nifty500 Value 50 Index Fund

NFO period: 04^th October – 18^th October, 2024

Highlights of the NFO:

• Scheme type – An Open-Ended Index Fund tracking Nifty500 Value 50 TRI


• Investment objective – To provide returns before expenses that correspond to the Nifty500 Value 50 TRI subject to tracking error. 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 Nifty500 Value 50 stocks and aims to achieve returns of the stated total return 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. Hitesh Das


• Benchmark – Nifty500 Value 50 TRI