Axis Mutual Fund launches Axis Nifty ETF

NFO period: 13^th June – 21^st June, 2017

Highlights of the NFO:

• Scheme type – An Open Ended Exchange Traded Fund


• Investment objective – The investment objective of the scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty 50 Index subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.


• Product suitability – The product is suitable for investors who are seeking capital appreciation over medium to long term by investing in equity & equity related instruments covered by Nifty 50 Index


• Minimum Application Amount – First investment is Rs. 5,000/- and in multiples of Rs. 1/- thereafter


• Plan/ Options available – None


• Fund Manager – Mr. Ashish Naik


• Benchmark – Nifty 50 Index