Axis Mutual Fund NFO: If you have missed investing in the Wealth Creator New Fund Offer (NFO) till now, then you are going to get many opportunities in future also. In this sequence, Axis Mutual Fund is going to launch its New Fund Offer (NFO) on 4 October 2024. The name of this new scheme is Axis Nifty500 Value 50 Index Fund. Both director and regular plans are available in this. This NFO will remain open for investment till October 18.
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You can start investing from Rs 100
Axis Nifty 500 Value 50 Index Fund This scheme is an open ended equity scheme, which will track the benchmark Nifty 500 Value 50 TRI. A minimum investment of Rs 100 will have to be made in this scheme and after this any amount can be invested in multiples of Re 1.
SIP in MNC Mutual Funds: The secret of high returns, these mutual funds invest money only in the stocks of multinational companies, money increases by 35 to 50% in 1 year
Scheme details
Issue Open Date: October 4, 2024
Issue Close Date: October 18, 2024
Category: Equity Value Oriented
Minimum investment: Rs 100
Lock in period: none
Exit load: 0.25% for redemption before 15 days
Benchmark: Nifty 500 Value 50 TRI
Investing Rules: Money has to double in 6 years and triple in 10 years, invest in the scheme giving how much interest, rules 72 and 114 will help.
Investing in top 50 companies based on ‘Value’ score
The Nifty 500 Value 50 index will consist of 50 companies from its parent Nifty 500 index, selected based on their ‘Value’ score.. The Value Score for each company is Earnings to Price Ratio (E/P), Book Value to Price The ratio is determined on the basis of (B/P), Sales to Price Ratio (S/P) and Dividend Yield. The weighting of a stock is based on a combination of the stock’s value score and its free-float market capitalization.
PSU Funds Return: 5 schemes giving 66 to 94% return in 1 year, these mutual funds invest your money in strong government companies.
The scheme will allocate 95-100% of its assets to equity and equity-related securities, and 0-5% to money market options including units of TREP and debt schemes.
(Note: We have given information about the new scheme of mutual fund here. It is not guaranteed whether the old return of the index will continue in future or not. It may or may not continue in the future. There is risk in the market. Therefore, take expert advice before investing.)
