Axis Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Axis Nifty Energy ETF'. The New Fund Offer price will be Rs 10 per unit during the NFO. Entry load and Exit load will be nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.The performance will be benchmarked against Nifty Energy TRI. The minimum application will be Rs 5000 and in multiples of Rs 10 thereafter.The investment objective of the scheme is to provide returns before expenses that correspond to the performance of Nifty Energy TRI.