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

NFO
Mar 27, 2023 by Advisorkhoj Team | NFO | 4 Downloaded

NFO period: 22nd March – 05th 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)

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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