Axis Mutual Fund launches Axis Nifty EV and New Age Automotive Index Fund

NFO period: 16^th Oct - 30^th Oct, 2026

Highlights of the NFO:

• Scheme type - An Open Ended scheme replicating/tracking Nifty EV & New Age Automotive Index.


• Investment objective - To provide returns before expenses that correspond to the performance of Nifty EV & New Age Automotive TRI subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.


• Product suitability - This product is suitable for investors who are seeking to generate long term wealth creation solution. An index fund that invests in constituents of Nifty EV & New Age Automotive TRI and aims to achieve returns of the stated total return index, subject to tracking error.


• Minimum Application Amount - Rs. 100 and in multiples of Re. 1/- thereafter


• Plan/ Options available - The Scheme has Regular Plan and Direct Plan.Each Plan offers only Growth Option.


• Fund Managers - Mr. Nandik Malik & Mr. Rohit Gautam


• Benchmark - Nifty EV & New Age Automotive TRI