Axis Mutual Fund Announces change in Minimum Application Amount for subscription /switch-in and subscription through SIP

9 Nov 2022 , 08:16 AM

Axis Mutual Fund has decided to revise Minimum Application Amount for subscription /switch-in and subscription through Systematic Investment Plan (SIP) in the schemes with effect from 11 November 2022 as details below:

Axis Nifty Midcap 50 Index Fund, Axis Nifty Small cap 50 Index Fund, Axis NIFTY 50 Index Fund and Axis NIFTY Next 50 Index Fund:

Subscriptions (Lumpsum) / Switch In and Minimum Additional Purchase Amount:

Rs. 500 and in multiples of Re. 1/- thereafter

Systematic Investment Plan (SIP):

Frequency: Monthly

Minimum amount: Rs. 100 and in multiples of Re.1/- thereafter

Minimum number of installments: 6

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