Axis Mutual Fund launches its Sensex ETF

Axis Mutual Fund has launched Axis S&P BSE Sensex ETF, an open ended exchange traded fund tracking S&P BSE Sensex TRI. 

The ETF aims to invest and maintain domestic ETF exposure greater than 95% of net assets at all times. Given the mutual fund structure, investors can look to invest through various systematic options like SIPs, STP’s & lumpsum investments.

In a press release, Chandresh Nigam, MD & CEO, Axis AMC said, “Passive investing’s efficient low-cost strategies that focus on tracking a specific index while relying on the broader market wisdom, have been some of the major reasons for its increased importance amongst the investors. With the launch of the ETF, we are aiming to create a low friction investment strategy that relies on broader market wisdom coupled with our principle of ‘quality & growth’ philosophy to yield wealth creation opportunities for investors.”