Axis Mutual Fund has launched ‘Axis Consumption ETF’. The fund will have exposure to the consumption theme through ETFs.
The fund aims to achieve returns by investing in a basket of NIFTY India Consumption Index stocks.
In a press release, Chandresh Nigam, MD & CEO, Axis MF said, “The consumption market has remained strong, gained traction and grown consistently over the last few decades. Our investors are smart and are completely driven by data, it is important that we distinctly show the surge in passive investing. I believe the fund is a good opportunity for investors to gain exposure to consumption sector.”
