Axis Mutual Fund has launched Axis NIFTY Smallcap 50 Index Fund, an open ended index fund tracking the NIFTY Smallcap 50 Index.
Managed by Jinesh Gopani, Head – Equity, the fund will track the NIFTY Smallcap 50 TRI Index.
In a press release, Chandresh Nigam, MD & CEO, Axis MF said, “When it comes to smallcap companies, who can be considered at the stepping stones to midcaps and largecaps, only good quality-oriented companies are able to make the transition. With the fund, we are hoping to drive alpha for our investors while maintaining focus on quality, scalability, and stability in the portfolio. It aligns with our belief of offering quality products to investors that suits their risk appetite and need to yield long term wealth creation opportunities.”
