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30.11 - 03:35
Axis Mutual Fund launches Axis Nifty 50 Index Fund – Check details
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Axis Mutual Fund has announced the launch of Axis Nifty 50 Index Fund, which will be open for subscription from 15th November 2021 till 29th November 2021. The Nifty 50 Index Fund 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 Axis Nifty 50 Index Fund will be managed by Jinesh Gopani, Head-Equity. The minimum application amount is Rs 5,000 and investors can invest in multiples of Re 1, thereafter.
The company claims that 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 weightings in the index.
The Nifty 50 Index represents 50
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