Axis Mutual Fund Launches Axis S&P BSE Sensex Index Fund

(An Open-Ended Index Fund tracking the S&P BSE Sensex TRI)

Key Highlights: -

• Category: An open-ended index fund tracking the S&P BSE Sensex TRI


• Benchmark: S&P BSE Sensex TRI


• Category: Index Fund


• Fund Managers: Mr. Karthik Kumar and Mr. Ashish Naik


• NFO open date: 08^th Feb 2024


• NFO close date: 22^nd Feb 2024


• Minimum Investment: Rs. 500 and in multiples of Re. 1/- thereafter


• Exit Load: Nil

Mumbai | Feb 06, 2024: Axis Mutual Fund, one among the fastest growing fund houses in India, is pleased to announce the launch of its New Fund Offer - Axis S&P BSE Sensex Index Fund (an open-ended index fund tracking the S&P BSE Sensex TRI). The fund will be managed by Mr. Karthik Kumar (Fund Manager) and Mr. Ashish Naik (Fund Manager). The new fund will track the S&P BSE Sensex TRI benchmark. The minimum investment amount is Rs. 500 and in multiples of Re.1/- thereafter.

A representation of the large cap companies in India, the S&P BSE Sensex Index is a free float market-weighted stock market index of 30 well-established and financially sound companies listed on the Bombay Stock Exchange. Considering the wide spectrum of sectors the index covers, it offers investors a diversified portfolio and an opportunity to participate in the growth story of various sectors with a single index.

Mr. B. Gopkumar, MD & CEO, Axis AMC said, “With the increasing acceptance of passive investing strategies, we recognize the need to provide an investment option that aligns with the evolving preferences of today’s investors. The launch of the Axis S&P BSE Sensex Index Fund demonstrates our commitment towards providing an extensive bouquet of products, offering diversified investment solutions. In last two decades, equity investors have showcased resilience, and we believe that the Axis S&P BSE Sensex Index Fund has the potential to create long-term wealth opportunities for investors. The fund also aims to offer a cost-effective solution to participate in the market’s growth narrative.”

Axis S&P BSE Sensex Index Fund

The investment objective of the Axis S&P BSE Sensex Index Fund is to provide returns before expenses that corresponds to the total returns of the S & P BSE Sensex TRI subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved. The Scheme endeavours to invest in stocks forming part of the underlying index in the same ratio as per the index to the extent possible. Essentially, 95% to 100% of the investments will be made in securities covered by S&P BSE Sensex TRI and for the remaining, the fund has the flexibility to invest in Debt and Money Market investments. To that extent follows a passive investment strategy, except to the extent of meeting liquidity and expense requirements. (Please refer to SID for detailed Asset Allocation & Investment Strategy and other scheme related features available at www.axismf.com).

Ashish Gupta, Chief Investment Officer, Axis AMC asserts, “India’s market capitalization crossed the $4 trn mark in December 2023 and India is now the fourth largest by market cap. As India continues to record a strong GDP growth with multiple positive drivers in place to sustain it, we wanted to create an opportunity for investors that would allow them to participate in this growth story. With the launch of the Axis S&P BSE Sensex Index Fund, we are aiming to create a low friction investment strategy that relies on broader market wisdom to yield wealth creation opportunities for investors.”

The scheme aims to invest and maintain domestic equity exposure greater than 95% of net assets at all times. Accordingly, the resulting tax treatment will be that of equity mutual funds. Given the mutual fund structure, investors can look to invest through various systematic options like SIPs, STP’s & lumpsum investments. Investments through SIPs can offer an efficient and convenient way for investors to participate in the growth of the overall market, encouraging regular and disciplined investing, regardless of market conditions.

Some Key Attributes of the Fund include:

• Lower Expenses - A hassle free solution for investors looking for a low-cost equity product as index funds have relatively lower expenses than actively managed funds.


• Consistent Style - The fund invests in the underlying index, thereby eliminating fund manager bias while purchasing/selling securities. Furthermore, the index represents 30 companies selected from the universe of S&P BSE Sensex based on free-float market capitalization.


• Market Linked Returns - S&P BSE Sensex is the de-facto barometer of the Indian equity markets. Therefore, an index fund is an ideal strategy for investors looking for market linked equity returns. Further, the passively managed fund endeavours for minimal tracking error as it aims to replicate the benchmark.

The NFO opens on 8^th Feb 2024 and closes on 22^nd Feb 2024.

For detailed information on the investment strategy and to view the Scheme Information Document (SID)/Key Information Memorandum (KIM), please visit www.axismf.com.

Sources: Axis MF Research as on 24^th Jan 2024

Product Labelling and Riskometer:

AXIS S&P BSE SENSEX INDEX FUND (An Open-Ended Index Fund tracking the S&P BSE Sensex TRI)

*Investors should consult their financial advisors if in doubt about whether the fund its suitable for them (The product labelling assigned during the New Fund Offer is based on internal assessment of the Scheme Characteristics or model portfolio and the same may vary post NFO when actual investment are made.)

About Axis AMC: Axis AMC is one of India`s fastest growing assets managers offering a comprehensive bouquet of asset management products across mutual funds (https://www.axismf.com/), portfolio management services and alternative investments (https://www.axisamc.com/homepage).

Asia Index Private Limited Disclaimer:

“The “[S&P BSE Sensex TRI]" (the “Index”) is published by Asia Index Private Limited (“AIPL”), which is a joint venture among affiliates of S&P Dow Jones Indices LLC (“SPDJI”) and BSE Limited (“BSE”), and has been licensed for use by [Insert licensee] (“Licensee”). Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC (“S&P”) and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”). BSE® and SENSEX® are registered trademarks of BSE. The trademarks have been licensed to AIPL and have been sublicensed for use for certain purposes by Licensee. Licensee’s “[Insert product]” (the “Product”) is/are not sponsored, endorsed, sold or promoted by AIPL, SPDJI, Dow Jones, S&P, any of their respective affiliates (collectively, “S&P Dow Jones Indices”) or BSE. None of AIPL, S&P Dow Jones Indices or BSE makes any representation or warranty, express or implied, to the owners of the Product or any member of the public regarding the advisability of investing in securities generally or in the Product particularly or the ability of the Index to track general market performance. AIPL’s, S&P Dow Jones Indices’ and BSE’s only relationship to Licensee with respect to the Index is the licensing of the Index and certain trademarks, service marks and/or trade names of AIPL, S&P Dow Jones Indices, BSE and/or their licensors. The [Insert S&P BSE Index] is determined, composed and calculated by AIPL or its agent without regard to Licensee or the Product. None of AIPL, S&P Dow Jones Indices or BSE are responsible for and have not participated in the determination of the prices, and amount of the Product or the timing of the issuance or sale of the Product or in the determination or calculation of the equation by which the Product is to be converted into cash, surrendered or redeemed, as the case may be. AIPL, S&P Dow Jones Indices and BSE have no obligation or liability in connection with the administration, marketing or trading of the Product. There is no assurance that investment products based on the Index will accurately track index performance or provide positive investment returns. AIPL and S&P Dow Jones Indices LLC are not investment advisors. Inclusion of a security within an index is not a recommendation by AIPL, S&P Dow Jones Indices or BSE to buy, sell, or hold such security, nor is it considered to be investment advice.

AIPL, S&P DOW JONES INDICES, BSE and their third party licensors do not guarantee the adequacy, accuracy, timeliness and/or the completeness of the index or any data related thereto. AIPL, S&P DOW JONES INDICES, BSE and their third party licensors shall not be subject to any damages or liability for any errors, omissions, or delays therein. AIPL, S&P DOW JONES INDICES, BSE and their third party licensors make no express or implied warranties, and expressly disclaim all warranties, of merchantability or fitness for a particular purpose or use or as to results to be obtained by licensee, owners of the product, or any other person or entity from the use of the index or with respect to any data related thereto. without limiting any of the foregoing, in no event whatsoever shall AIPL, S&P DOW JONES INDICES, BSE or their third party licensors be liable for any indirect, special, incidental, punitive, or consequential damages including but not limited to, loss of profits, trading losses, lost time or goodwill, even if they have been advised of the possibility of such damages, whether in contract, tort, strict liability, or otherwise. There are no third party beneficiaries of any agreements or arrangements between AIPL AND LICENSEE, OTHER THAN THE LICENSORS OF AIPL (INCLUDING S&P DOW JONES INDICES AND/OR BSE).”

Licensee may use other language as may be approved in advance by S&P in accordance with Section 11.1.2. Licensee shall use the foregoing disclaimers and limitations when referring to any S&P Index or any S&P Mark (as set forth in the applicable ETF License) in any Informational Materials which are greater five (5) pages in length or greater 250 words, any Informational Materials which are required by any applicable governmental or regulatory agencies, such as prospectuses and disclosure documents and/or when such Informational Materials also contains a disclaimer by any other third party licensor.

Disclaimer: This press release represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s).

The information set out above is included for general information purposes only and does not constitute legal or tax advice. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the Scheme. Income Tax benefits to the mutual fund & to the unit holder is in accordance with the prevailing tax laws as certified by the mutual funds consultant. Any action taken by you on the basis of the information contained herein is your responsibility alone. Axis Mutual Fund will not be liable in any manner for the consequences of such action taken by you. The information contained herein is not intended as an offer or solicitation for the purchase and sales of any schemes of Axis Mutual Fund.

Stock(s) / Issuer(s)/ Top stocks, if any, mentioned above are for illustration purpose and should not be construed as recommendation.

Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs. 1 Lakh). Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC). Risk Factors: Axis Bank Limited is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.