MUTUAL FUNDS
Axis Mutual Fund files offer document for Smallcap 50 Index Fund
Jul-30-2021

Axis Mutual Fund has filed offer document with SEBI to launch an open-ended index fund named ‘Axis Smallcap 50 Index Fund’. The New Fund Offer price Rs 10. Entry load will be nil and Exit load If redeemed or switched out within 7 days from the date of allotment will be 1%; If  redeemed/switched  out  after 7  days from  the  date  of  allotment will be Nil .The scheme offers growth and dividend options for investment and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by Nifty Smallcap 50IndexTRI. The minimum application amount will be Minimum of Rs 5000 and in multiples of Re 1 thereafter.

The investment objective of the scheme is to provide  returns  before  expenses  that  closely  corresponds to  the  total  returns  of  the NIFTY SMALLCAP 50subject to tracking errors.

  RELATED NEWS >>