Axis Nifty Midcap 50 Index Fund

The Axis Nifty Midcap 50 Index Fund is an open-ended index fund that seeks to track the performance of the Nifty Midcap 50 Index. The fund invests primarily in stocks of mid-cap companies that constitute the Nifty Midcap 50 Index. It aims to provide returns that correspond to the total returns of the securities as represented by the underlying index.

Key Features

• Investment objective: To replicate the performance of the Nifty Midcap 50 Index.
• Minimum investment amount: ₹500.
• Fund manager: Axis Asset Management Company.
• Benchmark: Nifty Midcap 50 Index.
• Exit load: 1% if redeemed within 15 days.

Who Should Invest

This fund is suitable for investors seeking long-term capital growth through exposure to mid-cap equities. It is appropriate for those who have a high risk tolerance and want to invest in a diversified portfolio of mid-cap stocks at a low cost.