Axis Mutual Fund launches Axis Nifty 500 Index Fund: Check details

Quick Summary:

The new fund offer opens on Wednesday and will close on July 9, 2024.

First-time investors looking for a simple and diversified investment option.

The fund's allocation is approximately 73 per cent in largecap, 17 per cent in midcap, and 10 per cent in smallcap stocks, representing about 92 per cent of India's listed market capitalisation.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Nifty 500 Index Fund New fund offer Finance sector Axis Mutual Fund Indian Equity Market NSE Mutual Fund Investment Finance

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-26 @ 13:02:31 (5 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 375 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 19 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21392542

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Official Website: business-standard.com

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