MUTUAL FUNDS
Axis Mutual Fund files offer document for Nifty EV & New Age Automotive Index Fund
Sep-25-2026
Axis Mutual Fund has filed offer document with SEBI to launch an open ended scheme named ‘Axis Nifty EV & New Age Automotive Index Fund'. The New Fund Offer price will be Rs 10 during the NFO. Entry load will be nil. If  redeemed/  switched  out  within 15  days  from  the  date  of allotment exit load will be 0.25%; If  redeemed/  switched  out  after 15  days  from  the  date  of allotment exit load will be Nil. The Scheme does not offer any Plans/Options for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance will be benchmarked against Nifty EV & New Age Automotive TRI. The minimum application amount is Rs 100 and in multiples Re 1 thereafter.

The investment objective of the scheme is to provide returns before expenses that correspond to the performance of Nifty EV & New Age Automotive TRI.

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