Axis Mutual Fund has filed a draft for the Axis Nifty500 Value 50 ETF, an open-ended exchange-traded fund designed to replicate the Nifty500 Value 50 TRI index. This ETF will track a basket of 50 stocks selected from the Nifty 500 based on their value scores.
The New Fund Offer (NFO) details are as follows:
The fund will invest 95-100% of its assets in stocks that are part of the Nifty500 Value 50 Index and up to 5% in debt and money market instruments for liquidity. It may use equity derivatives in certain cases, such as during rebalancing or corporate actions.
The objective of the fund is to provide returns before expenses that correspond to the performance of the Nifty500 Value 50 TRI, subject to tracking error.
There is currently no analyst commentary available on this ETF.
All in all, the Axis Nifty500 Value 50 ETF aims to track the Nifty500 Value 50 TRI with a passive strategy. Listed on NSE and BSE, it allows trading like regular stocks. Investors should consider market fluctuations, tracking error, and liquidity risks.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing.
Published on: Mar 7, 2025, 2:42 PM IST
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