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An overview on Axis Equity ETFs FOF NFO

Axis mutual fund managed by Axis asset management company launches the new scheme which is Axis Equity ETFs FOF and its type is an open ended fund of fund scheme predominantly investing in units of domestic equity ETFs ( exchange traded funds) . The minimum application amount is set at Rs 5,000 and investors can invest in multiples of Re 1, thereafter. It’s a type of NFO which would precisely be measured against the standard known as benchmark -NIFTY 500TRI where plans being offered to an investor would be regular and direct plans . Regular Plan is available for all type of investors investing through a distributor and Direct plan is only for investors who purchase /subscribe units in a scheme directly with the fund and is not available for investors who route . Monthly sip is minimum Rs 1000/-and Nfo price of units of the scheme will be Rs 10/-.entry load for axis equity ETF NFO is nil and exit load is 1% for redemption done within 15 days after allotment ,therafter is nil . The