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% |
The Multicap Equity Fund is designed to offer flexibility by diversifying investments across different market cap segments. It aims to capture the growth potential of Mid and Small Cap stocks while maintaining exposure to Large Cap stocks to manage risk and volatility.
The fund seeks to provide long-term capital appreciation with steady returns and modest risk.
The suggested asset allocation is 60% to 100% in equities and 0% to 40% in cash and money market instruments.
The fund will be benchmarked against the Nifty 500 and will carry a Fund Management Charge (FMC) of 1.35%.
The NFO will be available until January 31, 2025.
Alok Rungta, MD & CEO of Future Generali India Life Insurance, stated, “The launch of the Multicap Equity Fund reflects our focus on addressing the evolving investment needs of our customers, providing opportunities for long-term growth.”
Niraj Kumar, Chief Investment Officer, added, “The fund’s structure aims to offer flexibility and resilience by investing across market cap segments, balancing risk and return to meet investors’ growth objectives.”
