NFO Alert: Axis Mutual Fund launches Axis Nifty Capital Markets Index Fund

Axis Mutual Fund has announced the launch of its new fund offering, Axis Nifty Capital Markets Index Fund, an open-ended index fund designed to track the Nifty Capital Markets Total Return Index (TRI), offering investors targeted exposure to India’s rapidly evolving capital markets ecosystem.The new fund offer (NFO) is open for subscription till May 15. The fund aims to provide returns, before expenses, that closely correspond to the performance of the Nifty Capital Markets TRI, subject to tracking error.
Also Read | MF Tracker: Baroda BNP Paribas Mid Cap Fund turns Rs 10,000 SIP to Rs 1.55 crore in 20 years
The Axis Nifty Capital Markets Index Fund aims to provide exposure to a diversified basket of companies integral to the functioning of capital markets.

The fund comprises companies from the Nifty 500 universe classified under capital market-related industries, including asset management companies, exchanges and data platforms, broking firms, and depository services. The index follows a free-float market capitalisation-based weighting methodology with stock caps and is rebalanced semi-annually.

The performance will be benchmarked against Nifty Capital Markets TRI and will be managed by Nandik Mallik and Rohit Gautam. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter.
“India’s capital markets are moving into a structurally deeper and more participative phase, supported by strong domestic flows, increasing retail engagement, and continued formalisation of savings. At Axis Mutual Fund, we see this as a long-term opportunity not just at the market level, but across the broader ecosystem that enables this growth,” said B. Gopkumar, MD & CEO, Axis AMC.
He further added, “With the Axis Nifty Capital Markets Index Fund, we are extending our passive investment suite to offer investors a targeted way to participate in this evolution. The fund is designed as a simple and transparent building block for portfolios, allowing investors to align with the long-term growth of India’s financial ecosystem.”
The fund is positioned as a long‑term allocation for investors seeking participation in India’s evolving financial ecosystem through a low‑cost, transparent, and rules‑based investment structure. By offering diversified exposure to institutions that underpin capital‑market development, the Axis Nifty Capital Markets Index Fund provides investors with a straightforward way to align their portfolios with the structural expansion of India’s financial markets.

Also Read | Mutual fund portfolio in loss after 20 months? Expert says don’t judge too early, tweak allocation
The exit load is 0.25% if redeemed or switched out within 15 days from the allotment date, and nil thereafter. This fund is for investors seeking long-term wealth creation. It invests in the constituents of the Nifty Capital Markets Index and aims to replicate the total return index, subject to tracking error.

(Disclaimer: Recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of The Economic Times. If you have any mutual fund queries, message ET Mutual Funds on Facebook/Twitter. We will get them answered by our panel of experts. Share your questions at ETMFqueries@timesinternet.in along with your age, risk profile and Twitter handle)