Axis Mutual Fund has sought the Securities and Exchange Board of India’s approval for its Axis Healthcare Exchange Traded Fund. According to the scheme information document, the fund, an open-ended exchange traded fund tracking the Nifty Healthcare index, will allocate 95-100 per cent to equity instruments covered by the Nifty Healthcare Index , and up to 5 per cent to debt and money market instruments. The minimum application amount is ₹5,000. Jinesh Gopani will be the fund manager.
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