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OPENS ON MARCH 10 CLOSES ON MARCH 21,2022 AXIS TRUSTED FOR OVER 25 YEARS PROFESSIONAL FUND MANAGEMENT CONSISTENT MARKET BEATING RETURNS PASSIVE FUND MANAGEMENT –USING BEST IN CLASS FUND REPLICATION TECHNOLOGY SUITABLE FOR INVESTORS WITH HIGH-RISK APPETITE FOR LONG TERM WEALTH CREATION Axis Mutual Fund has announced the launch of Axis Nifty Midcap 50 Index Fund, an open-ended index fund tracking the Nifty Midcap 50 Index. The new fund offer (NFO) opened for subscription on Thursday and will close on 21 March. The Nifty Midcap 50 Index consists of top 50 companies based on full market capitalization from NIFTY Midcap 150 index with preference given to those stocks on which derivative contracts are available on National Stock Exchange (NSE). The index is rebalanced on a semi-annual basis (March and September) using average data of the last six months. The Axis NIFTY Midcap 50 Index Fund will invest in 50 most liquid midcap stocks, giving preference for stocks where future a