NFO review: Axis Nifty 50 Index Fund

Axis Mutual Fund has launched a new index fund in the large-cap space that will track the Nifty 50 TRI. Nifty 50 is the most widely tracked Indian equity index and is a barometer for the Indian capital markets. The fund will invest in the top 50 companies based on their market capitalisations. The scheme will close for subscription on November 29, 2021. It will be managed by Jinesh Gopani, Head-Equity, Axis Mutual Fund. Chandresh Nigam, MD and CEO of the AMC said, "Axis AMC has believed in offering quality products to investors that suit their risk appetite and needs. Not only do we aim to build a robust product portfolio but hope to deliver consistent performance in every fund that we manage. Axis Nifty 50 Fund's low friction investment strategy that relies on broader market wisdom coupled with the principle of 'quality & growth' philosophy will yield wealth creation opportunities for investors." About the strategy The fund's passive strategy seeks to replicate the Nifty 50 Total Retu