Index fund corner
| Name of the scheme | 1-year back | Invest now | Fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest now | Equity: Big Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest now | Equity: Big Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest now | Equity: Big 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 new fund offer (NFO) opens on 23 April 2025, and closes on 30 April 2025.
The plan follows a fund of fund structure. It will invest in Mutual Fund schemes of SBI mutual funds and/or other mutual funds.
The purpose of investment is to generate regular income and capital praise. The plan does not guarantee the achievement of this objective.
The scheme will invest 50-65% in loan-oriented schemes and 35-50% in arbitration mutual fund schemes. It can also invest up to 5% in money market instruments, tripartite repo, reverse repo and cash counterparts.
The benchmark index is a mixture of 65% Nifty Composite Date Index and 35% Nifty 50 arbitrage index.
The minimum application amount is 5,000, with additional investment in qualities of ₹ 1,000. SIP options are available on daily, weekly, monthly, quarterly, semi-annual and annual frequencies.
Ardhandu will manage Bhattacharya Fund. He has been with SBI Mutual Fund since April 2019 and manages several loans and hybrid schemes.
SBI Mutual Fund is the largest fund house in India, which has assets of more than ₹ 10 lakh crore. Fund House is a joint venture between State Bank of India and Amundi Asset Management.
