India, March 12 -- Axis Mutual Fund has launched a new Open Ended Growth scheme named "Axis Nifty500 Momentum 50 ETF" 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 Mar 13 to Mar 18, 2025.
According to the offer document filed with SEBI, the entry and exit load is Nil.
The minimum application amount is Rs 500.00 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 Karthik Kumar, while the performance of the scheme will be benchmarked against Nifty500 Momentum 50 Total Return.
To provide returns before expenses that correspond to Nifty500 ...