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 scheme will reopen for continuous sale and repurchase on December 27.
The fund aims to generate long-term capital growth by leveraging arbitrage opportunities between cash and derivative markets, as well as within the derivative segment.
It will also invest in debt securities and money market instruments to complement its strategy.
The scheme will track the Nifty 50 Arbitrage Index Total Return Index as its benchmark.
Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, and Rakesh Shetty will manage the fund.
Key details:
Exit load: 0.25% if redeemed within 30 days of allotment. Nil for redemptions after 30 days.
Minimum investment: ₹500 and in multiples of ₹1 thereafter. For SIPs, the minimum amount is ₹500 with a minimum of 12 instalments.
Asset allocation: 65-100% in equity and equity-related instruments, including derivatives. The remaining 0-35% will go to debt and money market instruments, including margin money for derivative transactions.
Rise in NFOs
The Indian mutual fund industry has seen a surge in new fund offers (NFOs) in recent months.
This trend reflects increasing investor participation and the introduction of innovative products tailored to specific investment themes and strategies.
NFOs are launched by fund houses to raise capital for new schemes.
These offers allow investors to participate in fresh investment opportunities, often aligned with evolving market conditions and emerging trends.
First Published: Dec 16, 2024 2:05 PM IST
