Axis MF launches Nifty Capital Markets Index Fund; NFO from May 4-15

Axis Mutual Fund on Monday unveiled the Axis Nifty Capital Markets Index Fund, an open-ended scheme tracking the Nifty Capital Markets Total Return Index (TRI), with NFO open from May 4 to May 15.

The fund targets returns mirroring the benchmark before expenses, minus tracking error, giving investors straightforward access to India’s booming capital markets.

Capital markets have surged on rising savings financialisation, retail influx, mutual fund growth—hitting Rs 79 lakh crore AUM by March 2026—and digital shifts, with India’s AUM-to-GDP ratio lagging global peers for more upside.

It offers diversified bets on asset managers, exchanges, brokers, and depositories via free-float market cap method, with semi-annual rebalancing and stock caps.

“We aim to offer investors a transparent way to tap this long-term growth story,” said B Gopkumar, MD & CEO, Axis AMC, on the structural boom fuelled by domestic savings and formalisation.

Nandik Mallik and Rohit Gautam will manage the fund, pitched for low-cost, long-haul exposure to the financial ecosystem.