Axis Mutual Fund has revised the face value and creation unit size for Axis Gold ETF and Axis Nifty ETF, effective from end of business day on Jul 24, 2020. Accordingly, the face value of the 2 funds has been changed to Re. 1 and Rs. 10 per unit, respectively. In case of Axis Gold ETF, each creation unit consists of 1,00,000 units of the fund (each unit of the Axis Gold ETF will be approximately equal to one 0.01 gram of Gold) and Cash Component, if any. For Axis Nifty ETF, the creation unit size is 50,000 units and in multiples thereof.