The scheme’s new fund offering or NFO opens for subscription on October 4 and will close on October 18.
The objective of the scheme is to invest in stocks comprising the Nifty500 Value 50 index (the index) and aims to provide returns before expenses corresponding to the Nifty500 Value 50 TRI subject to tracking error.
The scheme will be compared with the Nifty500 Value 50 TRI. The scheme will be managed by Karthik Kumar and Hitesh Das.
The minimum application amount is Rs 100 and thereafter multiple of Re 1. The index will be rebalanced semi-annually in June and December.
An exit load of 0.25% will be applied if redeemed/exchanged within 15 days of the allotment date. Exit charge will be void if redeemed/exchanged after 15 days from the date of allotment. “India is still at a nascent stage when it comes to factor investing, and the topic has gained acceptance among investors very recently. At Axis Mutual Fund, our goal has always been to provide investors with innovative and investor-centric investment solutions. Keeping this belief in mind, our latest fund, the Axis Nifty500 Value 50 Index Fund, offers a convenient way for investors to participate in the true-to-label value strategy at a relatively low cost,” he said commenting on the launch. B. GopkumarMD and CEO of Axis AMC. The scheme is suitable for long-term investors seeking exposure to True to Label Value Company in India and for experienced investors looking to complement their portfolio with a passive investment strategy, according to a press release from Axis AMC. fund house.
“Despite being a relatively new category in India, factor investing is a promising space and has grown from Rs 300 crore to Rs 30,000 crore in just four years. Value investing is a part of factor investing. in factors that is designed to “offer investors the opportunity to gain exposure to 50 stocks that are attractive in terms of their valuation multiples, with the objective of creating long-term wealth,” said Ashish Gupta, chief investment officer at Axis AMC.
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