Axis Mutual Fund has launched their new fund– ‘Axis Consumption ETF’. The new fund offers (NFO), will allow exposure to the consumption theme in a neatly packed bite sized exchange traded fund. The new fund offers long-term wealth creation solutions and targets to achieve returns by investing in a basket of NIFTY India Consumption Index stocks.
The Axis Consumption ETF fund seeks to track returns by investing in a basket of NIFTY India Consumption Index stocks and aims to achieve returns of the stated index, subject to tracking error. Minimum Investment (NFO) Rs.5,000 and in multiples of Rs.1/- thereafter. The NFO starts from 30th August, 2021 and end on 13th Sept2021. On the launch of the NFO, Mr. Chandresh Nigam, MD & CEO, Axis AMC, said “Through the launch of Axis Consumption ETF, we aim to provide our consumers with an investment option that has proof of growth & strong returns. I believe Axis Consumption ETF is a good opportunity for investors to gain exposure as well as a steady and continued long-term growth in the market.”
