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% |
The Motilal Oswal Mutual Fund has revised the benchmark for Motel Oswal Ultra Short Term Fund from Crisil Ultra Short Duration Fund BI Index from Crisil Ultra Short Duration Fund BI Index.
The change is effective from January 31, 2025.
Additionally, the Zeroda Mutual Fund has revised the minimum investment and SIP for the Zeroda Gold ETF Fund of Fund (FOF).
Since 3 February, 2025, the minimum application and additional purchase amount has been reduced from ₹ 500 to ₹ 100 per transaction. The minimum systematic investment scheme (SIP) amount in all frequencies has also been reduced by ₹ 500.
Investors should focus on these changes when planning their investment.
In a separate development, SBI Mutual Fund has launched the SBI Nifty IT Index Fund, an open-end scheme designed to track the Nifty IT index.
The new fund offer (NFO) will be closed on February 17, 2025.
The fund aims to provide investors a convenient way to get in touch with the Indian Information Technology (IT) sector, including companies involved in software development, hardware, IT infrastructure and related activities.
The Nifty IT index consists of 10 major IT companies listed on the National Stock Exchange (NSE). Companies are selected on the basis of their inclusion in the Nifty 500 index at the time of review. The index consists of some of India’s largest and most prominent IT players.
The investment objective of SBI Nifty IT Index Fund is to repeat the total return of the Nifty IT index under tracking error.
,
