Axis NIFTY 50 ETF
Scheme Type: ETF
Investment Objective
Benefits of
Diversification - Axis NIFTY ETF holds a basket of securities corresponding to the NIFTY 50 index.
Passive fund management You don't have to keep track of every single investment your ETF owns. The fund manager ensures that the portfolio resembles the benchmark index with minimal tracking error
Low Cost of acquisition - Can be purchased in multiples of 1 unit on listed stock exchanges
Tax Efficiency - Equity ETFs are treated as Equity oriented funds for the purpose of taxation.
Trading flexibility - Axis NIFTY ETF offers you the same intraday pricing you get when trading stocks through a broker.
Fund Manager
Entry Load
Exit Load
Directly with Fund:Authorised Participants/ Large investors can directly subscribe / Redeem in "Creation Unit Size" at applicable NAV on any bussiness day.Creation unit size is 50000 units.
On The Exchange- The Units of the scheme can be purchase / Sold in minimum lot of 1 unit and in multiples thereof.
- Capital appreciation over medium to long term.
- Investments in Equity & Equity related instruments covered by Nifty 50 Index.
Investors can directly approach the AMC for redemption of units of ETFs, without any exit load, in case of the following scenarios:
i. Traded price (closing price) of the ETF units is at discount of more than 1% to the day-end NAV for 7 continuous trading days, or
ii. No quotes for such ETFs are available on stock exchange(s) for 3 consecutive trading days, or
iii. Total bid size on the exchange is less than half of creation units size daily, averaged over a period of 7 consecutive trading days
In case of the above scenarios, applications received from investors for redemption upto 3.00 p.m. on any trading day, shall be processed by the AMC at the closing NAV of the day.
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Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.
Past performance may or may not be sustained in future. Please consult your financial advisor before investing.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.
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