Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The scheme aims to generate returns that align with the index’s performance, subject to tracking error.
The New Fund Offer (NFO) opens on March 7 and closes on March 21. Investors can subscribe with a minimum investment of ₹100.
The fund will be available under Regular and Direct Plans, with only the Growth Option.
The scheme offers daily liquidity, allowing investors to buy and redeem units at Net Asset Value (NAV)-based prices on any business day.
The NAV will be disclosed daily by 11:00 p.m. on the AMC and AMFI websites.
The fund follows a passive investment strategy, investing in the top 20 Nifty stocks with equal weightage.
This approach aims to provide diversification across leading companies while reducing concentration risk.
Key features:
- Benchmark: Nifty Top 20 Equal Weight Index (TRI)
- Liquidity: Open-ended with daily redemption
- Exit Load: Nil
- Plans: Regular & Direct
- Investment Mode: Online and offline through mutual fund distributors and investment advisors
HDFC Mutual Fund will disclose the first NAVs within five business days after allotment. Redemption proceeds will be processed within three working days of receiving a valid request, the fund house said.
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