Another Index Fund On The Block

Passive schemes provide returns almost similar to that of their respective benchmarks

- Yoganand D

Amid market volatility, leading asset management companies have been launching new funds, seeking to tap into new opportunities. Axis AMC has launched a new fund tracking the Nifty 100 Index — Axis Nifty 100 Index Fund — allowing investors to participate passively in the entire large-cap universe.

The companies under the Nifty 100 index are predominately large-cap companies spread across 16 industries.