Axis Mutual Fund launches Axis Nifty500 Value 50 ETF

Axis Mutual Fund has launched Axis Nifty500 Value 50 ETF. The underlying benchmark of the scheme will be Nifty500 Value 50 TRI.

The scheme is designed for the investors with targeted exposure to the Indian equity markets through value-based strategies.

“It will invest in undervalued stocks with strong fundamentals and long-term growth potential. The NFO offers a low expense ratio, making it efficient investment vehicles for capturing value trends in the market,” said B Gop Kumar, MD & CEO, Axis AMC. He said, “The scheme provides a simple and cost-effective way to gain exposure to India's rapidly expanding stock market, while focusing on strategies that have the potential to deliver superior long-term returns. We believe this ETF will enhance the diversification and performance of investor portfolios.”