NFO Alert: Axis Mutual Fund Launches Axis Nifty Energy Index Fund

Axis Mutual Fund has announced the launch of the Axis Nifty Energy Index Fund, with the New Fund Offer (NFO) opening on August 7, 2026, and closing on August 21, 2026.  

The scheme is an open-ended equity index fund under the thematic energy category. Investors can subscribe with a minimum investment of ₹100 under the Growth option. There is no lock-in period.  

Following the NFO, the scheme will continue to operate as an open-ended fund, allowing subscriptions and redemptions in accordance with the scheme's provisions. 

Fund to Replicate NIFTY Energy TRI 

The scheme will track the NIFTY Energy Total Return Index (TRI). Its stated objective is to generate returns, before expenses, that correspond to the performance of the benchmark, subject to tracking error. 

To achieve this, the fund will invest in the same companies that are part of the NIFTY Energy TRI and broadly in the same proportion as their index weight.  

Since it follows a passive investment strategy, changes in the portfolio will largely reflect revisions made to the benchmark index rather than investment calls by the fund manager. 

Scheme Details 

The fund falls under the Equity: Thematic – Energy category and will be managed by Nandik Mallik and Rohit Gautam. The benchmark for evaluating its performance is the NIFTY Energy TRI. 

An exit load of 0.25% will apply if units are redeemed within 15 days of allotment. No exit load will be charged after this period.  

The scheme has been assigned a 'Very High' risk rating under the Riskometer, indicating the higher volatility generally associated with sector-based equity investments. 

Read More: NFO Alert: JioBlackRock Mutual Fund Launches JioBlackRock Nifty 50 ETF! 

Conclusion 

The Axis Nifty Energy Index Fund NFO will remain open for subscription from August 7 to August 21, 2026. The scheme will track the NIFTY Energy TRI through a passive investment approach and accepts investments starting from ₹100. 

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   
 
Mutual Fund Investments are subject to market risks, read all the related documents carefully before investing.