Kolkata, Jan 05: Axis Mutual Fund on Wednesday announced the launch of Axis Nifty Next 50 Index Fund.
It’s an Open-Ended Index Fund tracking the NIFTY NEXT 50 Index, according to a media statement here.
The NFO will open for subscription on January 7, 2022, and will close on January 21, 2022.
The new fund will be managed by Jinesh Gopani, Head-Equity.
The minimum application amount is Rs 5,000 and investors can invest in multiples of Rs 1, thereafter.
The new fund will allow investors to participate in the growth story of companies that come after the top 50.
Chandresh Nigam, MD & CEO, Axis AMC, said, “At Axis AMC, we have continually upheld our philosophy of ‘Responsible Investing’ through the introduction of robust products designed to deliver consistent performance, to the best of our capabilities. ”
” The Axis Nifty Next 50 Index Fund comes at a time when investors have understood the importance of passive strategies to leverage the growth of the next generation of leaders while ensuring market benchmark returns. We are confident that this fund will be a notable add-on that will yield long term wealth creation opportunities for our investors. ”
