Axis Mutual Fund launched Nifty500 Momentum 50 ETF – CNBC TV18

Axis Mutual Fund launched Nifty500 Momentum 50 ETF – CNBC TV18

/ Finance / By


Axis Mutual Fund has launched Axis Nifty 500 Momentum 50 ETF, an open-ended exchange-traded fund, which keeps an eye on the Nifty 500 speed 50 tri. The new fund offer (NFO) will open on March 13, 2025 and will close on 18 March 2025.

Index fund corner

Sponsored

Name of the scheme 1-year back Invest now Fund category expense ratio
Axis Nifty 50 Index Fund +32.80% Invest now Equity: Big Cap 0.12%
Axis Nifty 100 Index Fund +38.59% Invest now Equity: Big Cap 0.21%
Axis Nifty Next 50 Index Fund +71.83% Invest now Equity: Big Cap 0.25%
Axis Nifty 500 Index Fund , Invest now Equity: Flexi Cap 0.10%
Axis Nifty Midcap 50 Index Fund +46.03% Invest now Equity: Mid Cap 0.28%

Karthik Kumar will manage the fund.

The ETF will invest in shares that are part of the Nifty500 Momentum 50 index. Its purpose is to follow an inactive investment strategy while maintaining the same composition as the benchmark index.

This fund can also invest in loans and money market instruments to meet liquidity needs and expenditure requirements.

Investors can subscribe to ETF with a minimum investment of 500 with additional investment in qualities of â‚ı 1.

Also read Edelvis MF launched short -term funds

The fund will be listed on NSE and BSE, allowing investors to allow trade units on the exchange.

Major features of Axis Nifty 500 Momentum 50 ETF:

Benchmark: Nifty 500 Momentum 50 TRAI

Load out: Nil

Strategy: Speed-based investment in shares showing strong value trends

The objective of ETF is to provide investors a diverse, low cost and tax-efficient way to participate in the motion segment of the Indian equity market. Once listed, investors will have the flexibility to buy and sell units on the exchange.

Also read This mutual fund has changed â‚ı 10,000 monthly SIP to â‚ı 1.9 crore in 20 years.

,

Must Read