Axis Mutual Fund announced the launch of the Axis NASDAQ 100 Fund of Fund (an open-ended fund of fund scheme investing in units of ETFs focused on the Nasdaq 100 TRI). The NASDAQ 100 Index includes 100 of the largest non-financial companies on NASDAQ stock market, based on market capitalization.
The current NASDAQ 100 Index is a tech-heavy index and has exposure to new economy sectors such as healthcare, technology and consumer. It is predominantly led by some of the most innovative and rapidly expanding non-financial companies across the world that generate the bulk of their revenue from different countries.
Chandresh Nigam, MD & CEO, Axis AMC said, “With global boundaries slowly blurring, investors are eager to gain access to some international growth stories, which was earlier not feasible so seamlessly. With the Axis NASDAQ 100 Fund of Fund, we are presenting investors with the opportunity to gain global exposure. We are confident that the fund’s philosophy and underlying structure will make it a valuable addition for investors.”
The NFO opened for subscription on 7th Oct 2022 and closes on 21st Oct 2022.