Axis Mutual Fund Launches Open-Ended ETF

Axis Mutual Fund has launched an open-ended exchange traded fund (ETF) called Axis S&P BSE Sensex ETF, which aims to track the S&P BSE Sensex TRI index. The ETF will maintain domestic ETF exposure greater than 95% of net assets at all times, and investors can choose to invest through various systematic options like SIPs, STP’s, and lump sum investments. According to Chandresh Nigam, MD & CEO of Axis AMC, the ETF will create a low friction investment strategy that relies on broader market wisdom and the company’s principle of ‘quality & growth’ philosophy to yield wealth creation opportunities for investors.