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Axis MF launches Axis S & P BSE Sensex Index Fund

by News Team | Mutual Fund

NFO period: 08th February – 22nd February, 2024

Highlights of the NFO:

  • Scheme type – An open ended Index Fund tracking the S&P BSE Sensex TRI

  • Investment objective – To provide returns before expenses that corresponds to the total returns of the S & P BSE Sensex TRI subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.

  • Product suitability – The product is suitable for investors who are seeking long term wealth creation solution. An index fund that seeks to track returns by investing in a basket of S&P BSE Sensex TRI stocks and aims to achieve returns of the stated index, subject to tracking error.

  • 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. Karthik Kumar and Mr. Ashish Naik

  • Benchmark – S&P BSE Sensex TRI

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