News Details

Axis MF launches Axis Nifty500 Momentum 50 ETF

Thu Mar 13 06:03:48 UTC 2025 by News Team

NFO period: 13th March - 18th March, 2025

Highlights of the NFO:

  • Scheme type - An Open-Ended Exchange Traded Fund replicating/tracking Nifty500 Momentum 50 TRI

  • Investment objective - To provide returns before expenses that correspond to Nifty500 Momentum 50 TRI, subject to tracking errors. There is no assurance that the investment objective of the scheme will be achieved.

  • Product suitability - This product is suitable for investors who are seeking long term wealth creation solution. To track returns by investing in a basket of Nifty500 Momentum 50 Index securities and aims to achieve total returns of the stated index, subject to tracking error

  • Minimum Application Amount - Rs. 500 and in multiples of Rs. 1/- thereafter.

  • Plan/ Options available - The Scheme does not offer any Plans/Options for investment.

  • Fund Managers - Mr. Karthik Kumar

  • Benchmark - Nifty500 Momentum 50 TRI

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

Mutual Fund investments are subject to market risks, read all scheme related documents carefully before investing.