Axis Mutual Fund launches Axis NASDAQ 100 Fund of Fund
by
NEWS TEAM | on Oct 7, 2022
NFO period: 07th October – 21st October, 2022
Highlights of the NFO:
Scheme type – An open ended fund of fund scheme investing in the units of ETFs focused on the Nasdaq 100 TRI
Investment objective – To replicate the performance of the Nasdaq 100 TRI by investing ETFs whose primary objective is to track/replicate the performance of the Nasdaq 100 TRI, subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.
Product suitability – The product is suitable for investors who are seeking capital appreciation over long term by investing in underlying ETFs that seek to replicate/track the performance of the NASDAQ 100 TRI.
Minimum Application Amount – First investment is Rs. 500/- and in multiple of Rs. 1/- thereafter
Plan/ Options available – Direct Plan and Regular Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility).