Axis Mutual Fund Launches Nifty Capital Markets Index Fund; NFO Open Till May 15
The scheme aims to deliver returns, before expenses, that closely correspond to the performance of the benchmark index, subject to tracking error.
B. Gopkumar, Managing Director and CEO of Axis AMC, said the fund is positioned to capture opportunities emerging from the broader capital market ecosystem, rather than just market indices.
Mumbai: Axis Mutual Fund has announced the launch of the Axis Nifty Capital Markets Index Fund, an open-ended scheme designed to track the Nifty Capital Markets Total Return Index (TRI), offering investors exposure to India’s expanding financial market ecosystem.
The New Fund Offer (NFO) opened on May 4 and will close on May 15, 2026. The scheme aims to deliver returns, before expenses, that closely correspond to the performance of the benchmark index, subject to tracking error.
The fund will be managed by Nandik Mallik and Rohit Gautam, with a minimum application amount of ₹100. It carries an exit load of 0.25 percent if redeemed within 15 days of allotment, and nil thereafter.
The underlying index comprises companies from the Nifty 500 universe engaged in capital market-related activities, including asset management firms, stock exchanges, brokerages and depositories. It follows a free-float market capitalisation-based weighting methodology and is rebalanced semi-annually.
The launch comes amid strong structural growth in India’s capital markets, driven by rising financialisation of savings, increasing retail participation and rapid digitisation. Industry data indicates that mutual fund assets under management have reached around ₹79 lakh crore as of March 2026, supported by record systematic investment flows.
Despite this growth, mutual fund penetration remains relatively low, with India’s AUM-to-GDP ratio below 20 percent, suggesting significant headroom for expansion.
B. Gopkumar, Managing Director and CEO of Axis AMC, said the fund is positioned to capture opportunities emerging from the broader capital market ecosystem, rather than just market indices.
“India’s capital markets are moving into a structurally deeper and more participative phase, supported by strong domestic flows and increasing retail engagement,” he said, adding that the fund is designed as a simple and transparent investment option aligned with long-term market growth.
The scheme is positioned as a long-term allocation for investors seeking diversified exposure to institutions that underpin the functioning of capital markets, offering a low-cost, rules-based investment approach.
The launch expands Axis Mutual Fund’s passive investment suite, reflecting growing investor interest in index-based strategies amid evolving market dynamics.
