MUTUAL FUNDS
Axis Mutual Fund files offer document for Nifty Private Bank ETF
Aug-07-2026
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Axis Nifty Private Bank ETF'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load and Exit load will be nil. The Scheme offers no plans and Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance will be benchmarked against NIFTY Private Bank TRI. The minimum application will be Rs 5,000 and in multiples of Rs 10 thereafter.

The investment objective of the scheme is to provide returns before expenses that correspond to the performance of Nifty Private Bank TRI subject to tracking errors.

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