Axis Mutual Fund has launched the Axis Nifty Capital Markets Index Fund, an open-ended index fund that aims to replicate the performance of the Nifty Capital Markets Total Return Index.
The fund offers investors targeted exposure to India’s capital markets ecosystem through a diversified basket of companies linked to exchanges, stockbroking, asset management, and depository services.
The fund carries an exit load of 0.25% if redeemed within 15 days from allotment, and nil thereafter. The benchmark for the scheme is the Nifty Capital Markets TRI.
Commenting on the launch, B. Gopkumar said, “India’s capital markets are moving into a structurally deeper and more participative phase, supported by strong domestic flows, increasing retail engagement, and continued formalisation of savings. At Axis Mutual Fund, we see this as a long-term opportunity not just at the market level, but across the broader ecosystem that enables this growth.”
He further added, “With the Axis Nifty Capital Markets Index Fund, we are extending our passive investment suite to offer investors a targeted way to participate in this evolution. The fund is designed as a simple and transparent building block for portfolios, allowing investors to align with the long-term growth of India’s financial ecosystem.”
