New NFO: Axis Mutual Fund, one of the country’s leading asset management companies, has launched Axis Equity ETF FOF (Fund of Fund).
New NFO: Axis Mutual Fund, one of the country’s leading asset management companies, has launched Axis Equity ETF FOF (Fund of Fund). Axis Equity ETFs FoF is an open-ended fund of funds scheme that will open for subscription tomorrow (February 4). Under this NFO (New Fund Offer), units of domestic equity ETF will be bought with the money of investors. This fund will track the Nifty 500 TRI Benchmark.
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Axis Equity ETFs FoF Details
- It is an open-ended fund of funds scheme whose money will be primarily in the units of domestic equity ETFs.
- Its benchmark is Nifty 500 TRI.
- The fund manager of this fund is Shreyansh Devalkar.
- This NFO will open on 4th February and will close on 18th February.
- Under this NFO, investors can invest at least 5 thousand rupees and then in multiples of one rupee after that.
- If you withdraw within 15 days after investing money in this fund, then an exit load of 1 percent will have to be paid. No load will be payable on withdrawal after 15 days.
Investors benefit from sector diversification
Different sectors and market segments perform differently at any given point of time in the market. Hence, one of the advantages of investing in Axis Equity ETF FOF is that it has been designed in such a way that it can pass on the benefits of the boom in various sectors to the investors. The money of this fund is invested in equity ETFs of many sectors, which gives investors the benefit of risk diversification. Investors can invest in it through options like SIP, STP and lump sum investment.
(Disclaimer: Investing in mutual funds is subject to market risks, so please consult your advisor before investing.)
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