NFO: Axis Nifty Next 50 Index Fund

By Morningstar |  05-01-22 | 
 

Axis Mutual Fund has launched Axis Nifty Next 50 Index Fund.

The NFO will be open for subscription on January 7, 2022 and close on January 21, 2022. The new fund will be managed by Jinesh Gopani, Head-Equity. The minimum application amount is Rs 5,000.

The Nifty Next 50 index is designed to measure the performance of 50 companies from the constituents of Nifty 100 Index after excluding the constituents of Nifty 50 Index (essentially 51-100), spread across 13 distinct industries.

Based on free-float market capitalisation, the Nifty Next 50 index is structured in a manner to leverage the potential of the companies that will form the next generation of market leaders. In the wake of recent circumstances, several companies have remodelled themselves and showcased growth capabilities on the back of several measures such as strong funding, management pedigree, revamped or new business models etc.

Furthermore, the index is re-balanced on a semi-annual basis, thereby ensuring exposure to new businesses within the respective broad sector. Thus, the fund will prove to be an ideal option for investors looking for long term wealth creation solutions.

Investors invest through various systematic options like SIPs, STP’s & lumpsum investments.

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