Axis Mutual Fund has introduced a new investment option in the market. You can begin investing in the Axis S&P BSE Sensex Index Fund with a minimum amount of Rs 500.
The New Fund Offer (NFO) will be available from 8th February to 22nd February.
The BSE Sensex index represents prominent large-cap companies in India, consisting of 30 major companies listed on the Bombay Stock Exchange (BSE).
This new fund allows investors to diversify their portfolios and seize opportunities for growth in different sectors.
Taking care of the needs of today’s investors
Axis Mutual Fund mentions that this new fund will follow the S&P BSE Sensex TRI benchmark. B Gopkumar, the MD and CEO of Axis AMC, stated that they are providing an investment option to meet the needs of today’s investors.
Over the last two decades, investors in stocks have shown strong resilience. The Axis S&P BSE Sensex Index Fund is designed to offer long-term profit opportunities for investors.
Through this fund, investors can engage in the growth of the stock market. The fund will be overseen by Fund Managers Karthik Kumar and Ashish Naik.
Investors will be able to become a part of India’s economic progress
Ashish Gupta, Chief Investment Officer of Axis AMC, predicts that India’s market value will surpass the $4 trillion mark by December 2023.
Currently, India holds the fourth position in terms of market size. With India’s economy growing swiftly, we aim to provide investors with a chance to be a part of this economic progress.
The launch of Axis S&P BSE Sensex Index Fund aligns with this strategy.
Tax treatment will be same as equity mutual fund
In this new fund, 95 percent of the money will be invested in stocks. The tax treatment will be similar to that of stock mutual funds.
Investors can invest using different systematic options like SIP, STP, and a one-time lump sum investment.
Investing through SIP is easy. The fund aims for affordable stock investments and will focus on the 30 largest companies in the country.
Because returns are linked to the market, investors are optimistic about receiving good profits.
