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Home>Blog>NFO>Axis AMC Launches Axis Nifty Next 50 Index Fund : NFO Closes on January 21

Axis AMC Launches Axis Nifty Next 50 Index Fund : NFO Closes on January 21

11 January 2022

Axis Asset Management Company has launched a new fund offer for Axis Nifty Next 50 Index Fund. The fund is open for subscription between January 07, 2022, and January 21, 2022.

Read on to find out more about the NFO.

Investment Objective

Axis Nifty Next 50 Index Fund is an open-ended equity scheme replicating/tracking Nifty Next 50 Index.

Indicative Asset Allocation

Types of Instruments 

Indicative allocation

(% of total assets) 

Risk Profile

Minimum

Maximum

Equities and equity related securities covered by

Nifty Next 50 Index

95%

100%

High

Debt & Money Market Instruments

0%

5%

Low to Medium

Fund Details

Scheme name

Axis Nifty Next 50 Index Fund  

Type of scheme

An open-ended equity scheme replicating/tracking Nifty Next 50 Index

NFO Dates

January 7 – January 21, 2022

Fund Managers

Mr. Jinesh Gopani

Benchmark

Nifty Next 50 Index TRI (Total Return Index)

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 Option / IDCW Option.

Minimum SIP Amount

6 installments of Rs. 1,000/- and in multiple of Re. 1/-

Benchmark

Nifty Next 50 Index TRI (Total Return Index)

The NIFTY Next 50 Index represents the rest 50 companies from NIFTY 100 after excluding the NIFTY 50 companies.

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

(a) Listed stock price movements and

(b) Dividend receipts from those stocks.

The methodology also takes into account constituent changes in the index and corporate actions such as stock splits, rights issuance, etc., without affecting the index value.

Fund Managers

Mr. Jinesh Gopani

Mr. Jinesh Gopani has worked as Fund Manager – Equity – Axis Asset Management Co. Ltd. since April 1, 2011. Prior to that, he worked as Assistant Fund Manager – Equity, Axis Asset Management Co. Ltd. (October 21, 2009 till March 31, 2011).

His other experiences include working as

  • 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) and

  • Research Analyst, Net worth Stock Broking Ltd.(May 2001 – May 2002).

Other funds managed by him are:

  • 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) and

  • Axis Value Fund [along with Mr. Deepak Agrawal and Mr. Hitesh Das (for foreign securities)]

Disclaimer

The stocks mentioned in this article are not recommendations. Please conduct your own research and due diligence before investing. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Please read the Risk Disclosure documents carefully before investing in Equity Shares, Derivatives, Mutual fund, and/or other instruments traded on the Stock Exchanges. As investments are subject to market risks and price fluctuation risk, there is no assurance or guarantee that the investment objectives shall be achieved. NBT do not guarantee any assured returns on any investments. Past performance of securities/instruments is not indicative of their future performance.
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