Axis mutual fund has launched Axis Nifty 50 index fund. This fund is available for subscription from 15 November 2021 to 29 November 2021. You can Invest in the top 50 companies by the way of investing through axis Nifty 50 index fund.
Axis Nifty 50 index fund is an open-ended index fund and Invests in companies that are part of the Nifty 50 index, the most widely tracked Indian equity index. Hense track the nifty index subject to tracking errors. This fund follows the passive investing strategy.
Minimum amount of investment in Axis Nifty 50 Index Fund
The minimum one-time investment amount is Rs 5000 and in multiple Rupees one thereafter.
You can make additional purchase with minimum amount of Rupees 1000 and in multiple Rupees one thereafter and if you are looking for a SIP then you can start it with Rs.1000 and in multiple rupees, one.
There is so maximum investment limit for the fund.
The benchmark for the Axis Nifty 50 Index Fund is the Nifty 50 index. Because it is an equity fund it attracts equity mutual fund taxation. The best part. there is no exit load in this fund.
The total expense ratio of the fund is 0.15 % which is quite high as compared to other funds.
Fund Manager Axis Nifty 50 Index Fund
Jinesh Gopani Is the fund manager for Axis Nifty 50 index fund. He has experience of 19 years and successfully managed Axis long-term equity fund Axis focused, Axis growth opportunities fund, Axis retirement savings fund, Axis equity fund.
The fund has access to some of the largest blue chips in Indian markets and has a diversified portfolio of stocks across 13 industries and thus comprises high-quality liquid stocks.
Because this is an index fund, it will closely track the index return for you. The fund’s riskometer shows a very high-risk score beta.
Should I invest in Axis Nifty 50 index fund
In my view, you should wait for some time and watch the performance of the fund for quite some time because NFO takes its own time to show results. Additionally, the fund has not disclosed its tracking error. Higher the expenses lower will be the performance. Thus for interest’s sake, you should wait for some time.
