Axis Mutual Fund, India’s eighth largest fund house, has come up with India’s fourth actively managed manufacturing-based thematic fund, Axis India Manufacturing Fund. The scheme will be managed by Shreyash Devalkar and Nitin Arora. The fund will track the Nifty India Manufacturing –TRI index. The minimum subscription amount is Rs 5,000 and in multiples of Re 1.The fund has been launched at a time when the manufacturing index is soaring high. In the last one year, the broadly-tracked index NSE-Nifty 50 TRI has delivered 8.45 per cent, while the manufacturing index, Nifty Indian...…Axis Mutual Fund, India’s eighth largest fund house, has come up with India’s fourth actively managed manufacturing-based thematic fund, Axis India Manufacturing Fund. The scheme will be managed by Shreyash Devalkar and Nitin Arora. The fund will track the Nifty India Manufacturing –TRI index. The minimum subscription amount is Rs 5,000 and in multiples of Re 1.The fund has been launched at a time when the manufacturing index is soaring high. In the last one year, the broadly-tracked index NSE-Nifty 50 TRI has delivered 8.45 per cent, while the manufacturing index, Nifty Indian...WW…
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