Axis Mutual Fund launched Nifty500 Price 50 ETF – CNBC TV18

Axis Mutual Fund has launched the Axis Nifty500 Value 50 ETF, an open-ended exchange-traded fund (ETF) that tracks the Nifty500 value 50 TRI index. The new fund offer (NFO) is open until March 12, 2025, with the minimum investment requirement of 500.

The aim of ETF is to provide investors in a cost -effective and transparent manner to get exposed to price shares in the Indian equity market.

Fund follows a price investment

The approach, targeted stocks that are not considered evaluation based on financial matrix. It mimics the Nifty500 value 50 TRI index, including companies with strong fundamentals and long -term growth capacity.

The fund will invest in shares in the same proportion of the index and follow a passive investment strategy.

Additionally, it can invest in loans and money market equipment to meet liquidity and expenditure requirements.

Karthik Kumar will manage ETF.

Investors can buy and sell units on stock exchanges, as funds on NSE and BSE will be listed after NFO period.

There is no exit load, which ensures flexibility for investors who want to trade ETFs.

Axis AMC MD and CEO B. According to Gopkumar, the launch of this ETF aligns with increasing interest in value-based investment.

He said, “With the launch of Axis Nifty 500 ETF, we are providing investors a simple and cost -effective way to reach India’s stock market. It focuses on ETF price strategies, which have the ability to give better long -term returns. ,

Axis Nifty500 value 50 ETF is designed to be low cost. By investing in a broad basket of equity, the fund aims to increase portfolio diversification while redeeming market opportunities.

Investors can participate with a minimum investment of 500, and additional investment. Can be done in multiples of 1.