Can start investing in Axis Bank’s mutual fund new scheme with Rs 5000
Axis Mutual Fund has announced a new fund – Axis Healthcare ETF. This new fund has opened on 30 April. The funds of this fund will be invested in companies in the healthcare sector. The scheme will close on 10 May. The scheme will be managed by Axis AMC’s Head – Equity, Jinesh Gopani.
These big companies will invest
The 20 largest healthcare companies of the NIFTY Healthcare Index have been included in the fund. Which includes companies such as hospitals, diagnostics players, pharmaceutical manufacturers and R&D. Experts believe that in the midst of this crisis of Corona, the healthcare sector has a significant contribution. It is expected to grow better in the coming few years.
Know what is ETF
ETFs or exchange traded funds invest in a set of shares. They usually track a particular index. As such, Axis is now tracking healthcare companies. These ETFs are also like mutual funds. However, the main difference between the two is that ETFs can only be bought or sold from the stock exchange. The way you buy shares. Similarly, ETFs can also be purchased during the trading hours of the exchange.
Explain that there are various types of securities in ETF’s portfolio. Their returns are like indexes. These are listed in the stock market. They can be bought and sold there. ETFs also have the effect of up and down index.
Invest like this
ETF comes first as NFO. It is then listed on the stock market. NFO is the new scheme of an asset management company. Through this, a mutual fund company raises money from investors to invest in instruments such as shares, government bonds. ETFs are bought and sold on the stock market through a trading portal or stockbroker.
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