Axis Healthcare ETF Scheme
Axis mutual fund plans to launch the Axis Healthcare ETF scheme. The MF may conduct a subscription from April 30, 2021, to May 10, 2021. Moreover, it will be re-open for continuous sale within 5 business days from the date of allotment.
It is an open-ended exchange-traded fund. During the NFO, the offer of units of Rs. 10/- per unit issued at a premium approximately equal to the difference between face value and allotment price.
The offer may suitable for investors who seek long-term wealth creation solutions. Moreover, the investors’ principal will be at very high risk.
Basic Details of NFO:
|NFO Name||Axis Healthcare ETF|
|Subscription Period||April 30, 2021 – May 10, 2021|
|NFO Type||Open-ended ETF scheme|
|Benchmark||NIFTY Healthcare – TRI|
|Fund Manager||Jinesh Gopani|
The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the NIFTY Healthcare Index subject to tracking errors.
During the NFO period, the minimum application amount should at Rs. 5,000 and in multiples o Re. 1 thereafter.
Further, the entry and exit load structures do not applicable under the scheme.
Asset Allocation Pattern:
|Instruments||Indicative Allocation (% of net assets)||Risk Profile|
|Equity instruments covered by Nifty Healthcare Index||95||100||High|
|Debt & Money Market Instruments||0||5||Low to Medium|
Disclaimer: This article offers just information regarding the scheme. It does not provide any advice or investment tips to investors. MF investments are fixed to market risk. Please consult your financial advisor before investing.