Axis Mutual Fund launches Axis Nifty Midcap 50 Index Fund

NFO period: 10^th March - 21^st March, 2022

Highlights of the NFO:

• Scheme type - An Open Ended Index Fund tracking the NIFTY MIDCAP 50 Index


• Investment objective - To provide returns before expenses that closely corresponds to the total returns of the NIFTY MIDCAP 50 subject to tracking errors. However, there can be 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 Nifty Midcap 50 Index 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 - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility).


• Fund Managers - Mr. Jinesh Gopani


• Benchmark - Nifty Midcap 50 Index TRI