MUTUAL FUNDS
Axis Mutual Fund files offer document for Nifty500 Quality 50 Index Fund
Mar-01-2025
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended index fund ‘Axis Nifty500 Quality 50 Index Fund'. The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load will be nil and Exit Load If redeemed/ switched out within 15 days from the date of allotment: 0.25%; If redeemed/ switched out after 15 days from the date of allotment will be Nil. The Scheme offers Growth Option and Income Distribution Cum Capital Withdrawal Option and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance of the scheme will be benchmarked against Nifty500 Quality 50 TRI. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter.

The investment objective of the Scheme is to provide returns before expenses that correspond to the Nifty500 Quality 50 TRI subject to tracking error.

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