MUTUAL FUNDS
Axis MF introduces Nifty EV & New Age Automotive Index Fund
Oct-16-2026

Axis Mutual Fund has launched Axis Nifty EV & New Age Automotive Index Fund, an Open-Ended scheme replicating/tracking Nifty EV & New Age Automotive Index. The NFO opens for subscription on October 16, 2026 and closes on October 30, 2026. The Entry Load is not applicable for the scheme. The Exit Load: If redeemed/ switched out within 15 days from the date of allotment: 0.25% and Nil- If redeemed/ switched out after 15 days from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re. 1/- thereafter. 

The performance of the Scheme will be benchmarked against Nifty EV & New Age Automotive TRI and its fund managers are Nandik Mallik and Rohit Gautam.

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


  RELATED NEWS >>