Axis Mutual Fund launches Axis S&P 500 ETF Fund of Fund

NFO period: 22^nd March – 05^th April, 2023

Highlights of the NFO:

• Scheme type – An open ended fund of fund investing in Exchange Traded Funds replicating S&P 500 TRI, subject to tracking errors


• Investment objective – To replicate the performance of the S&P 500 TRI by investing in Exchange Traded Funds replicating S&P 500 TRI, 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 capital appreciation over long term by investing in Exchange Traded Funds replicating S&P 500 TRI.


• 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. Vinayak Jayanath


• Benchmark – S&P 500 TRI (INR)