Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large 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% |
It aims to generate long-term wealth by investing in equity and equity-related instruments of companies involved in rural sectors, the fund house said.
The New Fund Offer (NFO) will open for subscription on January 9, 2025, and close on January 23, 2025.
The scheme will invest in sectors contributing to and benefiting from rural India’s growth and development. It will follow an investment strategy aligned with the Nifty Rural Index, which tracks the performance of 75 stocks from the Nifty 500 representing the rural theme.
For more insights and to access various investment calculators, visit CNBC TV18 Investment Calculators.
Speaking at the launch, Sankaran Naren, ED & CIO of ICICI Prudential AMC and the fund manager of the scheme, said, “Rural India is the next theme that can have a transformational impact in the next decade. Structural and cyclical economic factors and state governments’ focus on rural initiatives are likely to drive growth. Our new scheme aims to leverage these developments, offering investors a chance to partake in India’s rural growth story.”
The Economic Survey 2022-23 highlights that rural demand is rebounding after a decade of stagnation, supported by government initiatives like PMAY-G, Jal Jeevan Mission, Ayushman Bharat, PMKSY, and others.
These efforts are driving structural changes and paving the way for growth across multiple sectors and market caps.
The scheme will be managed by Sankaran Naren and Priyanka Khandelwal, supported by a strong research team. The benchmark is the Nifty Rural Index TRI.
First Published: Dec 31, 2024 9:43 AM IST
