Axis Mutual Fund has introduced the Axis Nifty500 Value 50 ETF, an open-ended exchange-traded fund tracking the Nifty500 Value 50 TRI. The new fund offer (NFO) is open for subscription until March 12, with a minimum investment of 500. Managed by Karthik Kumar, the ETF follows a passive investment strategy, allocating 95-100% in index securities and up to 5% in debt and money market instruments.
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