Axis Mutual Fund is launching NFO under its “ETF Category”, named as Axis S&P 500 ETF Fund of Fund. This open-ended fund aims to provide capital appreciation by investing in in Exchange Traded Funds replicating S&P 500 TRI, subject to tracking error.
Investment strategy: As the Scheme will predominantly follow a passive investment strategy for investments in the overseas mutual fund, the endeavor will be to minimize the portfolio turnover subject to exigencies and needs of the Scheme.
Asset allocation: The corpus of the Scheme, will be primarily invested in Exchange Traded Funds replicating S&P 500 TRI in accordance with the requirements stipulated by SEBI / RBI from time to time.
Who should invest?
Investors with very high risk appetite and want to invest for 5 to 7 years in a mutual fund should invest in Axis S&P 500 ETF FOF. The scheme will be traded on BSE and NSE after five days of the allotment.
Risk associated: Very high level of risk.
Benchmark: S&P 500 TRI.
Fund Managers: Mr. Vinayak Jayanath.
The NFO is available for subscription from March 22 to April 5. The schemes will reopen for continuous sale and repurchase within five Business Days from the date of allotment. The fund offers systematic investment solutions like SIP and SWP to create a flexible investment plan. The minimum subscription amount is Rs 500/- and in multiples of any amount thereafter.
It offers Regular Plan and Direct Plan. Each plan offers Growth and Income options. Click here to invest in Axis S&P 500 ETF Fund of Fund.
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.