Axis NIFTY IT ETF
Scheme Type: ETF
Investment Objective
subject to tracking errors.
Benefits of
Low cost passive investment solution to invest in a basket of the largest technology companies by free float market cap
Indian IT companies are uniquely positioned to benefit from the global trend of digital technologies due to investments made in capabilities & technology
Indian IT companies have a proven track record of providing high quality cost effective solutions to global clients
NIFTY IT has been a long term wealth creator
Fund Manager
Entry Load
Exit Load
Directly with Mutual Fund- Authorized Participants and Large Investors can subscribe / redeem the Units of the Scheme directly with the Mutual Fund only in ‘Creation Unit size at Applicable NAV. Each Creation Unit consists of 15,000 units and in multiples thereof and cash component if any of Axis Technology ETF. The Mutual Fund may from time to time change the size of the Creation Unit in order to equate it with marketable lots of the underlying instruments.
On Exchange- There is no minimum investment, although Units are purchased / sold in round lots of 1 Unit at the price quoted on NSE and/or any other stock exchange.
- Long term wealth creation solution.
- The fund that seeks to track returns by investing in a basket of NIFTY IT Index stocks and aims to achieve returns of the stated index, subject to tracking error
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.
Goal Planning
Access all the goal features and benefits at No Cost.
Choose your goal
Top 1 sectors
Issuers
Investment Packs
Download our app
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.
Copyright © 2020. All rights reserved Axis Mutual Fund.
Connect with us :
Privacy | Terms of Use | Disclaimer | Sitemap