MUTUAL FUNDS
Axis Mutual Fund files offer document for Healthcare ETF
Dec-04-2020
Axis Mutual Fund has filed offer document with SEBI to launch an open ended exchange traded fund named ‘Axis Healthcare ETF’. The New Fund Offer price is Rs 10 per unit. Entry load and Exit load will be nil. The Scheme offers no options and seeks to collect a Minimum Target Amount of Rs 10 crore.

The performance of the scheme will be benchmarked by NIFTY Healthcare TR Index. The minimum application amount for initial purchase is Rs 5,000 and in multiples of Re 1 thereafter.

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.

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