Axis Nifty500 Value 50 Index Fund NFO: Date, Review & NAV

Axis Mutual Fund has launched the  Nifty500 Value 50 Index Fund, an NFO available from October 04, 2024, to October 18, 2024, with an initial price of Rs.100.

This fund focuses on value investing, offering diversified exposure to undervalued stocks. The fund employs a strategy that limits sector allocation to 25% and individual stock weights to 5%. It is designed for investors looking for a long-term wealth creation opportunity by investing in businesses with compelling value propositions.

Axis Nifty500 Value 50 Index Fund Details

As a passively managed index fund, it comes with lower expenses compared to actively managed funds. This makes it an attractive option for investors who want to add a value stock-focused strategy to their portfolio. The fund aims to allocate 95-100% of its assets to securities in the Nifty500 Value 50 Index and 0-5% to money market instruments.

Key Dates:

• Start Date: October 04, 2024

• End Date: October 18, 2024

• Reopen Date: Within five business days from the allotment date

Investment Details:

• Minimum Investment: Rs.100

• Expense Ratio: Nil

• Exit Load: 0.25% if redeemed within 15 days

Fund Objective

The objective is to deliver returns, subject to tracking error, that match the Nifty500 Value 50 TRI before costs. The fund primarily targets undervalued companies from the Nifty500 index, aiming to provide long-term value to investors.

Fund Management Team

• Mr. Karthik Kumar

• Mr. Hitesh Das

Conclusion

The Axis Nifty500 Value 50 Index Fund is well-suited for long-term investors seeking exposure to value stocks. With a strategic focus on undervalued businesses, it aims to generate wealth over the long term while keeping sector and stock allocations in check.