NFO Alert: Axis Mutual Fund Launches FMP Series Debt Fund Scheme

Axis Mutual Fund has opened the New Fund Offer (NFO) for Axis FMP Series 129 (108 Days), a closed-ended debt scheme. The subscription period started on 18 February 2026 and will close on 23 February 2026.  

After the closing date, the scheme will not accept fresh investments and will run for a fixed tenure of 108 days from the allotment date. 

Scheme Category and Benchmark 

The fund falls under the Debt: Fixed Maturity Plan category. It will be benchmarked against the CRISIL Ultra Short Duration Debt A-I Index, which shows the performance of short-term debt instruments.  

Fixed maturity plans are typically structured around a defined investment horizon. 

Investment Strategy 

The scheme seeks to generate returns by investing in debt and money market instruments. The portfolio is expected to consist of securities that mature on or before the scheme’s maturity date. This structure aligns the investment duration with the scheme’s tenure. 

Risk Profile and Fund Manager 

According to the scheme’s riskometer, the fund is rated Low to Moderate in terms of risk. The scheme will be managed by Sachin Jain of Axis Mutual Fund, who will oversee portfolio selection and maturity alignment. 

Minimum Investment and Plans 

The minimum investment amount during the NFO period is ₹5,000. Investors can choose between Growth and IDCW options. The scheme will remain closed for purchases after the NFO period and will mature at the end of its 108-day tenure. 

Read More: Upcoming NFO: DSP Mutual Fund Filed Draft for BSE Top 10 Banks ETF! 

Conclusion 

Axis FMP Series 129 is a closed-ended debt scheme with a fixed tenure of 108 days. The subscription window remains open until 23 February 2026. 

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.