01
Sep
Axis Mutual Fund has launched their new fund– ‘Axis Consumption ETF’. The new fund offers (NFO), will allow exposure to the consumption theme in a neatly packed bite sized exchange traded fund. The new fund offers long-term wealth creation solutions and targets to achieve returns by investing in a basket of NIFTY India Consumption Index stocks. The Axis Consumption ETF fund seeks to track returns by investing in a basket of NIFTY India Consumption Index stocks and aims to achieve returns of the stated index, subject to tracking error. Minimum Investment (NFO) Rs.5,000 and in multiples of Rs.1/- thereafter. The…