Axis Mutual Fund, one of the leading asset management companies in India announced the launch of Axis NIFTY Midcap 50 Index Fund (an open-ended Index Fund tracking the NIFTY Midcap 50 Index), recently.
The fund will track the NIFTY Midcap 50 Index TRI. The NFO opens for subscription on 10th March 2022 and closes on 21st March 2022. The minimum application amount is INR 5,000 and in multiples of INR 1, thereafter.
The Axis NIFTY Midcap 50 Index Fund follows a rule-based passive investing strategy that endeavours to deliver market-linked returns. This hassle-free and low cost investing solution are ideal for investors looking for exposure to midcaps, while following a disciplined and systematic format of investing.
Investors can look to invest through various systematic options like SIPs, STP’s to adopt a more disciple approach or invest via lumpsum.