Axis Mutual Fund has announced the launch of Axis Nifty Midcap 50 Index Fund, an open-ended index fund tracking the Nifty Midcap 50 Index. The new fund offer (NFO) opened for subscription on Thursday and will close on 21 March.
- Coal India Shares Up 1% as May Production, Sales Growth Cheers Street
- M&M Financial Services Shares Soar on Strong Disbursement Growth, Collections
- GAIL Injects Rs 2,100 Crore in JBF Petrochemicals
- Apollo Hospitals Hits 52-Week High on Talks to Raise $200 Million, Shares Jump 8% in 2 Days
- Sebi Lists New Norms for High-Risk FPIs
The rank of any F&O constituent in the Nifty Midcap 150 Index based on entire market capitalisation is among the top Nifty Midcap 30. In case of any shortfall (if F&O stocks are not available for inclusion in the index), securities with the highest average daily turnover will be selected from the top 30 non-F&O constituents in the Nifty Midcap 150 Index based on entire market capitalisation.
The Axis Nifty Midcap 50 Index Fund follows a rule-based passive investing strategy to deliver market-linked returns.
