Axis Mutual Fund launches ‘Axis Nifty IT Index Fund’

Axis Mutual Fund, one among the fastest growing fund houses in India, announced the launch of their New Fund Offer – Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI. Mr. Hitesh Das (Fund Manager) would be managing the fund. Axis Nifty IT Index Fund will track the NIFTY IT TRI and aim to provide returns before expenses that correspond to the total returns of the NIFTY IT TRI, subject to tracking errors. The minimum investment amount is Rs. 5,000 and in multiples of Re.1/- thereof.
Highlights: Category: An Open-Ended Index Fund Tracking the NIFTY IT TRI.
Benchmark: NIFTY IT TRI. Fund Manager: Mr. Hitesh Das. NFO open date: 27th June 2023. NFO close date: 11th July 2023. Minimum Investment: Rs. 5,000 and in multiples of Re. 1/- thereof.  Exit Load:  If redeemed or switched out within 7 days from the date of allotment: 0.25%. If redeemed / switched out after 7 days from the date of allotment: Nil.