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NFO Alert-

“Axis AMC Launches AXIS Nifty Next 50 Index Fund NFO. The fund is open for subscription between January 7, 2022, and January 27, 2022.

Read below for more details about the NFO!                

Basic Details About The NFO…

  • Fund Name- AXIS Nifty Next 50 Index Fund NFO
  • Type- An open-ended Index fund.
  • Subscription open date- 7th January 2022
  • Subscription close date- 21st January 2022
  • Benchmark- NIFTY NEXT 50 Index
  • Minimum Amount for Application during NFO- Rs 5000 and in multiples of Rs 1 after that.
  • Plans- Both Direct and Regular Plans are available
  • Options Available- Both Growth and Income Distribution Cum Capital Withdrawal Option (ICDW)

Investment Objective…….

The investment objective of the AXIS Nifty Next 50 Index Fund is to provide returns before expenses that closely correspond to the total returns of the NIFTY NEXT 50 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.

The scheme will focus on investing in stocks that form part of the underlying index and constantly track the benchmark index for performance measurement. To meet the liquidity and expense expectations, it may also invest in debt and money market instruments.

Exit Load Trends In The NFO……

The fund has neither entry load nor exit load associated with it.

Fund Managers Of The NFO…….

The fund manager appointed to manage the new NFO is Mr. Jinesh Gopani. He holds work experience of 19 years in the finance and investment industry. He has completed M.M.S. in Finance from Mumbai University.

Why Invest In This NFO?

Well, various reasons make these funds a good option to invest in. Some optimal reasons are listed below: 

  • Benefits of passive investing 
  • Portfolio diversification 
  • Index rebalancing 
  • Historical performance of Nifty Next 50 compared to Nifty 50 and Nifty 100 

Note: Investors should consult their financial advisers if in doubt about whether the product is suitable for them or you can also get in touch with our executives for more suggestions.

Keep reading our article and stay updated with the latest news about Mutual Funds!

For any kind of query, you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.

Happy Investing!

(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).