MUTUAL FUNDS
Axis Mutual Fund files offer document for Nifty India Defence Index Fund
Mar-24-2026
Axis Mutual Fund has filed offer document with SEBI to launch an open-ended index fund named ‘Axis Nifty India Defence Index Fund'. The New Fund Offer price for units would be Rs 10 each during the NFO. Entry load will be nil. Exit load if redeemed/ switched out within 15 days from the date of allotment will be 0.25%; If redeemed/ switched out after 15 days from the date of allotment will be Nil. The Scheme offers growth option for investment and seeks to collect a Minimum Target Amount of Rs 5 crore.

The performance will be benchmarked against Nifty India Defence TRI. The minimum application amount during NFO will be Rs 100 and in multiple of Re. 1 thereafter.

The investment objective of the scheme is to provide returns before expenses that correspond to the performance of Nifty India Defence TRI subject to tracking error.

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