Axis Mutual Fund is launching NFO under its “ETF Category”, named as Axis S&P BSE Sensex ETF. This open-ended fund aims to provide returns that correspond to the returns provided by S&P BSE Sensex TRI, subject to tracking error.
Investment strategy: The Scheme would invest in stocks comprising the underlying index and shall track the benchmark index. It may also invest in debt and money market instruments, in compliance with Regulations to meet liquidity and expense requirements.
Asset allocation: Axis S&P BSE Sensex ETF aims to provide returns that correspond to the returns provided by S&P BSE Sensex TRI.
Who should invest?
Investors with high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Axis S&P BSE Sensex ETF. The scheme will be traded on BSE and NSE after five days of the allotment.
Risk associated: Very high level of risk.
Benchmark: S&P BSE Sensex TRI.
Fund Managers: Mr. Ashish Naik.
The NFO is available for subscription from March 10 to March 15. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 5,000/- and in multiples of any amount thereafter.
It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Axis S&P BSE Sensex ETF.
Related Tags
Invest wise with Expert advice
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Capital Services Support WhatsApp Number
+91 9892691696
IIFL Capital Services Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.