Axis Mutual Fund has launched a new Open Ended Growth scheme named "Axis Nifty50 Equal Weight Index Fund" with maturity period of 0 days from the launch date.
The New Fund Offer (NFO) price for the scheme is Rs 10.00 per unit, which will open for subscription from Jul 03 to Jul 17, 2026.
According to the offer document filed with SEBI, the entry load is Nil and exit load is 0.25.
The minimum application amount is Rs 100.00 and in multiples of Rs 1 thereafter. The options available under the plan of the scheme are Growth.
The fund manager of the scheme will be Nandik Mallik, while the performance of the scheme will be benchmarked against Nifty 50 Equal Weight Total Return.
To provide returns before expenses that correspond to the performance of Nifty50 Equal Weight TRI subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.