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

16 Oct,   2026 By: Eastern Fin Research Team #Mutual Fund

NFO period: 16th Oct - 30th 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

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)

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