Index Fund Corner
Sponsored
| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large 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 Offers (NFOs) for these FoFs will remain open until March 11, 2025, and will reopen for continuous sale and repurchase on March 19, 2025.
The two newly launched funds are:
Mirae Asset BSE Select IPO ETF Fund of Fund: This open-ended FoF invests in units of Mirae Asset BSE Select IPO ETF, which tracks the BSE Select IPO Total Return Index.
Mirae Asset BSE 200 Equal Weight ETF Fund of Fund: This open-ended FoF invests in units of Mirae Asset BSE 200 Equal Weight ETF, which tracks the BSE 200 Equal Weight Total Return Index.
The minimum initial investment during the NFO period is ₹5,000, with subsequent investments in multiples of ₹1.
Mirae Asset launched the underlying ETFs—Mirae Asset BSE Select IPO ETF and Mirae Asset BSE 200 Equal Weight ETF—on Monday, February 24.
These ETFs’ NFOs will close on March 5, 2025, and they will reopen for trading on March 11, 2025.
Investment strategies
The Mirae Asset BSE Select IPO ETF & Fund of Fund aims to provide structured exposure to recently listed IPOs and spin-offs from the top 500 companies by market capitalization.
Newly listed stocks will be considered for inclusion after three months, reducing initial volatility. Stocks will remain in the index for five years to capture potential growth trends. A 5% stock cap ensures diversification.
“With the Mirae Asset BSE Select IPO ETF & Fund of Fund, we aim to provide a structured, disciplined, and diversified approach to investing in new companies post-listing,” said Siddharth Srivastava, Head-ETF Product & Fund Manager at Mirae Asset Investment Managers.
The Mirae Asset BSE 200 Equal Weight ETF & Fund of Fund follows an equal-weight strategy, giving equal exposure to all 200 constituents in the BSE 200 Index, covering the top 100 large-cap and 100 mid-cap companies. This strategy reduces stock-specific risk and ensures equal distribution between large- and mid-cap segments.
“Due to equal distribution, this strategy provides balanced exposure to large and mid-cap stocks, reducing concentration risk and benefiting from broad-based market performance,” Srivastava added.
These schemes will be managed by Ekta Gala, Akshay Udeshi, and Vishal Singh.
