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Axis Mutual Fund has launched Axis Nifty IT Index Fund, an open-ended index fund tracking the NIFTY IT TRI.
Currently, the index has exposure to 10 IT companies with highest weightage to leaders like Infosys and TCS.
In a press release, B Gopkumar, MD & CEO, Axis MF said, “India has been a leader in driving change through technology across sectors. This has been more visible in the last three years, post Covid where we showed our resilience and resurgence. We are in the cusp of rewriting our growth story led by technological innovations. Increasingly all companies will be operating in this digital arena. With the launch of the fund, we are expanding our bouquet of products, more importantly, offering our investors an opportunity to be part of India’s tech enabled story.
