Axis Mutual Fund launches Axis Nifty 50 Index Fund

NFO period: 15^th November – 29^th November, 2021

Highlights of the NFO:

• Category: An Open-Ended Index Fund tracking NIFTY 50


• Benchmark: NIFTY 50 Index TRI


• Fund Manager: Jinesh Gopani, Head-Equity


• Minimum Application Amount: INR 5,000 and in multiples of INR 1/- thereafter

Mumbai, November 10, 2021:

Axis Mutual Fund, one of the leading asset management companies in India announced the launch of Axis Nifty 50 Index Fund, today. It is an open-ended scheme that will track the Nifty 50 Index TRI and allow investors to passively participate in the large cap universe. The NFO opens for subscription on 15^th November 2021 and closes on 29^th November 2021. The Axis Nifty 50 Index Fund will be managed by Jinesh Gopani, Head-Equity. The minimum application amount is INR 5,000 and investors can invest in multiples of INR 1, thereafter. The fund's passive strategy seeks to replicate the Nifty 50 Index by investing in a basket of Nifty 50 Index stocks across 13 categories in the same proportions as their weightages in the index.

The Nifty 50 Index represents 50 companies selected from NIFTY 50 universe, based on free-float market capitalization. As the index is considered as the de-facto barometer of the Indian equity market, the fund can be an ideal option for investors looking for market-linked equity returns and long term wealth creation solutions. Through a single index, investors can benefit from diversification and quality investments in large cap bluechip companies. Furthermore, given the mutual fund structure, investors can look to invest through various systematic options like SIPs, STP's & Flexi SIP/STP in addition to lumpsum investments.

Passively managed index funds have started gaining significance amongst domestic investors due to the potential of benchmark returns. In addition to lower expense ratios and the lower tracking error, index funds provide the benefit of complete transparency of the portfolio composition. As they replicate the index and do not carry out any security selection, passive funds provide more predictability in terms of their performance in different phases of the market.

Mr. Chandresh Nigam, MD & CEO, Axis AMC said, "Axis AMC has believed in offering quality products to investors that suits their risk appetite and needs. Not only do we aim to build a robust product portfolio but hope to deliver consistent performance in every fund that we manage. Axis Nifty 50 Fund's low friction investment strategy that relies on broader market wisdom coupled with the principle of 'quality & growth' philosophy will yield wealth creation opportunities for investors."

Source: NIFTY Indices, MFI Explorer, Axis MF Research

Product Labelling:

About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds, portfolio management services and alternative investments.

Mr. Ujjawal Punmiya
DVP - Public Relations & Corporate Communications
M: +91 9619130947
E: ujjawal.punmiya@axismf.com

Note: About FLEX - SYSTEMATIC INVESTMENT PLAN/ SYSTEMATIC TRANSFER PLAN ("Flex SIP"/ "Flex STP") Flex Systematic Investment Plan ("Flex SIP") is a facility wherein an investor can opt to invest variable amount linked to the value of his investments in any of the existing open ended scheme(s) of Axis Mutual Fund ("Investee scheme"), on pre-determined date. This facility allows investors to take advantage of market movements by investing higher when the markets are low and vice-versa. Flex Systematic Transfer Plan ("Flex STP") is a facility wherein an investor under any of the applicable open ended scheme(s) of Axis Mutual Fund can opt to transfer variable amount linked to value of his investments, on predetermined date from designated open-ended Scheme(s) of Axis Mutual Fund ("Transferor Scheme") to the Growth Option of designated open-ended Scheme(s) ("Transferee Scheme"). For more information, please refer to scheme information document of Axis Nifty 50 Index Fund available on our website www.axismf.com

NSE Indices Limited Disclaimer: The Axis Nifty 50 Index Fund (Products) are not sponsored, endorsed, sold or promoted by NSE INDICES LIMITED (formerly known as India Index Services & Products Limited ("IISL"). NSE INDICES LIMITED does not make any representation or warranty, express or implied, to the owners of the Axis Nifty 50 Index Fund or any member of the public regarding the advisability of investing in securities generally or in the Product(s) particularly or the ability of the NIFTY 50 Index to track general stock market performance in India. The relationship of NSE INDICES LIMITED to the Issuer is only in respect of the licensing of the Indices and certain trademarks and trade names associated with such Indices which is determined, composed and calculated by NSE INDICES LIMITED without regard to the Issuer or the Product(s). NSE INDICES LIMITED does not have any obligation to take the needs of the Issuer or the owners of the Product(s) into consideration in determining, composing or calculating the NIFTY 50 Index. NSE INDICES LIMITED is not responsible for or has participated in the determination of the timing of, prices at, or quantities of the Product(s) to be issued or in the determination or calculation of the equation by which the Product(s) is to be converted into cash. NSE INDICES LIMITED has no obligation or liability in connection with the administration, marketing or trading of the Product(s). NSE INDICES LIMITED do not guarantee the accuracy and/or the completeness of the NIFTY 50 Index or any data included therein and NSE INDICES LIMITED shall have not have any responsibility or liability for any errors, omissions, or interruptions therein. NSE INDICES LIMITED does not make any warranty, express or implied, as to results to be obtained by the Issuer, owners of the product(s), or any other person or entity from the use of the NIFTY 50 Index or any data included therein. NSE INDICES LIMITED makes no express or implied warranties, and expressly disclaim all warranties of merchantability or fitness for a particular purpose or use with respect to the index or any data included therein. Without limiting any of the foregoing, NSE INDICES LIMITED expressly disclaim any and all liability for any claims, damages or losses arising out of or related to the Products, including any and all direct, special, punitive, indirect, or consequential damages (including lost profits), even if notified of the possibility of such damages. An investor, by subscribing or purchasing an interest in the Product(s), will be regarded as having acknowledged, understood and accepted the disclaimer referred to in Clauses above and will be bound by it.

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

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