Listen to this article
Axis Mutual Fund has launched Axis Nifty 500 Index Fund, an open-ended passive scheme that will replicate the performance of the Nifty 500 Total Return Index (TRI).
The underlying index will give exposure to India’s top 500 companies listed on NSE. The index replicates the broad market exposure representing approximately 92% of India's listed market capitalization.
In a press release, B. Gopkumar, MD & CEO of Axis AMC, said " The Axis Nifty 500 Index Fund is a simple passive fund designed to offer investors a simple yet effective way to participate in the growth story of a broad spectrum of Indian companies. We believe that the fund's broad-based approach, coupled with the potential for sustainable long-term returns, will serve as a robust vehicle for wealth creation over the long term, making it an attractive option for both new and experienced investors."
Ashish Gupta, Chief Investment Officer of Axis AMC, added, "India's robust economic growth and market resilience have been remarkable. With the growing acceptance of passive investing, it is essential to offer our investors products that align with their evolving investment strategies. As India continues to benefit from structural advantages, this fund provides a strategic opportunity for investors to participate in India's dynamic growth story."
