Axis Mutual Fund Launches ‘Axis Nifty500 Momentum 50 ETF’
Varahi media.com online news,Mumbai, 13th March 2025: Axis Mutual Fund, a leading asset management company in India, has introduced its latest New Fund Offer (NFO) – Axis Nifty500
Varahi media.com online news,Mumbai, 13th March 2025: Axis Mutual Fund, a leading asset management company in India, has introduced its latest New Fund Offer (NFO) – Axis Nifty500 Momentum 50 ETF, an open-ended exchange-traded fund (ETF) designed to track the Nifty500 Momentum 50 TRI index. This ETF provides investors with targeted exposure to the Indian equity market using a momentum-based strategy.
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With a focus on low-cost, transparent, and tax-efficient investing, the fund aims to help investors participate in India’s growing equity markets. Karthik Kumar has been appointed as the fund manager for the scheme.
Momentum-Based Strategy: Focuses on stocks demonstrating strong price momentum, offering potential for long-term growth.
Passive Investment Approach: Tracks the underlying index by replicating its stock composition to the extent possible.
Diversified Equity Exposure: Provides investors with a broad, well-balanced basket of stocks.
Low-Cost Investment: Offers a competitive expense ratio for efficient market participation.
Flexible & Liquid: The ETF will be listed on NSE & BSE, allowing investors to trade seamlessly.
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Minimum Investment: ₹500 per application (in multiples of ₹1 thereafter).
Investment Scope: Primarily in index stocks, with scope for debt and money market instruments for liquidity management.
NFO Period: Opens on 13th March 2025 and closes on 18th March 2025.
Commenting on the launch, B. Gopkumar, MD & CEO, Axis AMC, stated: “With the launch of Axis Nifty500 Momentum 50 ETF, we aim to provide investors with an innovative and cost-effective way to gain exposure to India’s dynamic equity markets. This ETF aligns with the momentum investment strategy, offering a compelling opportunity for wealth creation over the long term.”
With this offering, Axis Mutual Fund continues to expand its product suite, catering to evolving investor needs and reinforcing its commitment to making equity investing accessible, strategic, and cost-efficient.
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