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Axis AMC Launches AXIS Nifty 50 Index Fund: NFO Closes on November 29

15 November 2021
2 minutes

Axis Asset Management Company Limited has launched a new fund offer for Axis Nifty 50 Index Fund. The fund is open for subscription between November 15, 2021, and November 29, 2021.

Read on to find out more about the NFO. 

Investment Objective

Axis Nifty 50 Index Fund is an Open-Ended Index Fund tracking the NIFTY 50 Index.

Indicative Asset Allocation

Types of Instruments  Indicative allocation  (% of total assets)  Risk Profile
Minimum Maximum
Securities covered by Nifty 50 Index * 95% 100% High
Debt and Money Market Instruments  0% 5% Low to Medium

Fund Details

Scheme name Axis Nifty 50 Index Fund
Type of scheme An Open Ended Index Fund tracking the NIFTY 50 Index.
NFO Dates November 15 – November 29, 2021.
Fund Managers Mr. Jinesh Gopani
Benchmark Nifty 50 Index TRI
Minimum Amount for Application during NFO Rs. 5,000 and in multiples of Rs. 1/- thereafter
Minimum Additional Purchase Amount Rs. 1,000 and in multiples of Re. 1/- thereafter
Minimum Redemption/Switch-Out Amount No minimum redemption criterion
Load a) Entry Load: N.A

b) Exit Load: Nil

Plans Direct and Regular
Options Growth, Income Distribution cum capital withdrawal (“IDCW”) Option (Payout of IDCW)^
Minimum SIP Amount Rs. 1,000/- and in multiple of Re. 1/-

Minimum installments: 6

Benchmark

Nifty 50 Index TRI

The NIFTY 50 represents the weighted average of 50 of the largest Indian companies listed on the National Stock Exchange. 

A Total Return Index reflects the returns on the index arising from: 

(a) Listed stock price movements and 

(b) Dividend receipts from those stocks.

Fund Managers

Mr. Jinesh Gopani

Mr Gopani has worked as a Fund Manager – Equity at Axis Asset Management Co. Ltd. since April 1, 2011. In the past, he has worked as Assistant Fund Manager – Equity, Axis Asset Management Co. Ltd. (October 21, 2009 till March 31, 2011)  Portfolio Manager, Birla Sun Life Asset Management Company Ltd. (June 2008- October 2009)  

Research Analyst and Portfolio Manager, Voyager India Capital Pvt. Ltd. (February 2006- May 2008)  Research Analyst, Emkay Share & Stock Brokers Ltd. (June 2002 – February 2006)  Research Analyst, Net worth Stock Broking Ltd.(May 2001 – May 2002). 

Other schemes managed: 

Axis Focused 25 Fund (along with Mr. Hitesh Das)

Axis Long Term Equity Fund

Axis Growth Opportunities Fund (along with Hitesh Das (for foreign securities)

Axis Retirement Savings Fund including Aggressive Plan

Dynamic Plan and Conservative Plan (along with Mr. R. Sivakumar)

Axis ESG Equity Fund (along with Mr. Hitesh Das)

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