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Axis Mutual Fund launches Axis NASDAQ 100 Fund of Fund

by News Team | Mutual Fund

NFO period: 07th October - 21st October, 2022

Highlights of the NFO:

  • Scheme type - An open ended fund of fund scheme investing in the units of ETFs focused on the Nasdaq 100 TRI

  • Investment objective - To replicate the performance of the Nasdaq 100 TRI by investing ETFs whose primary objective is to track/replicate the performance of the Nasdaq 100 TRI, 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 long term by investing in underlying ETFs that seek to replicate/track the performance of the NASDAQ 100 TRI.

  • Minimum Application Amount - First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available - Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility).

  • Fund Managers - Mr. Hitesh Das

  • Benchmark - NASDAQ 100 TRI (INR)

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