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Axis Mutual Fund launches Axis S&P BSE Sensex ETF

by News Team | Mutual Fund

NFO period: 10th March - 15th March, 2023

Highlights of the NFO:

  • Scheme type - An open ended exchange traded fund tracking S&P BSE Sensex TRI

  • Investment objective - To provide returns before expenses that correspond to the total returns of the S&P BSE Sensex TRI Index 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. The scheme 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. 5,000/- and in multiple of Rs. 1/- thereafter

  • Plan/ Options available - Currently, there are no plans under the scheme.

  • Fund Managers - Mr. Ashish Naik

  • Benchmark - S&P BSE Sensex TRI

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