Axis Nifty 100 Index Fund
Investments in mutual fund units involve investment risks such as trading volumes, settlement risks, liquidity and default risks including the possible loss of principal. Axis mutual fund comes out with another new fund offer. Axis MF NFO named as Axis Nifty 100 Index Fund. It will open for subscription on 27th September 2019.
Axis AMC has always offered the best quality products to the investor’s basis for their needs. It aims to deliver constant performance in every fund managed. There are a lot of opportunities in the market for long term investments. Axis’ new fund offer will help investors seek notable wealth creation opportunities.
Basic Details of Axis Nifty 100 Index Fund
|Fund House||Axis Mutual Fund|
|Fund Name||Axis Nifty 100 Index Fund|
|NFO Period||Sep 27 to Oct 11, 2019|
|Benchmark||Nifty 100 Index|
|Fund Manager||Ashish Nail|
|NFO Type||Open-Ended Index Fund|
|Minimum Application amount||Rs 5000 and in multiples of Re. 1 thereafter|
The new fund offer will allow investors to invest through SIPs, STPs, and FlexSIP/STO includes lump sum investment methods.
It is an open-ended index fund. The Scheme will close on 11th October 2019. The scheme is available in both Direct and Regular plans along with dividend and growth options.
Investors will need to invest a minimum of Rs 5,000 and thereafter Re 1. Moreover, one will need to pay a minimum of Rs 1,000 and in multiples of Re 1 for additional investment/ repurchase of units.
The entry load does not apply to this scheme. But, a 1% exit load will charge if units are redeemed within 7 days from the date of investment.
Objects of Issue:
The main objective of the scheme is to provide high returns before expenses that closely correspond to the total returns of the Nifty 100 subjects to tracking errors.
The scheme will manage by Ashish Nail. Nifty 100 Index will be the benchmark of the scheme.
Asset Allocation Pattern
|Instruments||Indicative Allocations (% of total assets) Minimum- Maximum||Risk Profile High/Medium/Low|
|Stocks Comprising Nifty 100||95%||100%||High|
|Debt and money market instruments||0%||5%||Low to Medium|
Note: Axis’s new NFO is an open-ended Index fund tracking the Nifty 100 index. The new scheme is offered by Axis Mutual Fund and is not a minor modification of any other existing scheme or product of Axis mutual fund.
Disclaimer: This post is just information about the scheme. It does not give any advice or recommendation. Please read the offer document carefully and consult your investment adviser before investing.