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