Axis Mutual Fund launches ‘Axis S&P 500 ETF Fund of Fund’
Insight Online News
Kolkata, March 22 : Axis Mutual Fund has announced the launch of their New Fund Offer – Axis S&P 500 ETF Fund of Fund.
The new fund will adhere to the S&P 500 TRI (INR) benchmark, according to a media statement here on Wednesday.
Chandresh Nigam, MD & CEO, Axis AMC, said, “ETFs are soon becoming popular amongst the various vehicles of investing in passive strategies in India. In India, Fund of Funds can be considered as an interesting entry point for investors with a longer investment horizon and who wish to diversify their portfolio from a global standpoint. With the launch of the Axis S&P 500 ETF Fund of Fund, we are seamlessly enabling global exposure through passive strategies. The new scheme’s approach aligns with our philosophy of ‘Responsible Investing’ and we believe, will be a notable addition to our portfolio of products.”