Axis Mutual Fund announced the launch of Axis Nifty Next 50 Index Fund, on Thursday. The NFO will be open for subscription on January 7, 2022 and close on January 21, 2022. The new fund will be managed by Jinesh Gopani, Head-Equity.
The minimum application amount is INR 5,000 and investors can invest in multiples of INR 1, thereafter. The new fund will allow investors to participate in the growth story of companies that come after the top 50.
Chandresh Nigam, MD & CEO, Axis AMC said, “At Axis AMC, we have continually upheld our philosophy of ‘Responsible Investing’ through the introduction of robust products designed to deliver consistent performance, to the best of our capabilities. The Axis Nifty Next 50 Index Fund comes at a time when investors have understood the importance of passive strategies to leverage the growth of the next generation of leaders, while ensuring market benchmark returns. We are confident that this fund will be a notable add-on that will yield long term wealth creation opportunities for our investors.”