May 03, 2024, 05:46:13 PM ISTAxis Mutual Fund has launched the Axis Nifty Bank Index Fund. The fund is an open-ended index fund tracking the Nifty Bank TRI.AgenciesThe new fund offer or NFO of the scheme is open for subscription and will close on May 17.ET Spotlight3/7Minimum investment amountThe minimum investment amount in the scheme will be Rs 500 and in multiples of Re 1 thereafter. The minimum amount for daily, weekly, and monthly SIP is Rs 100 and in multiple of Re 1 with minimum six instalments.AgenciesThe exit load applicable will be 0.25% if redeemed/switched out within seven days from the date of allotment/investment and no exit load if redeemed/switched out after seven days…
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Axis Nifty Bank Index Fund opens for subscription. Key things to know – New launch
