Axis Mutual Fund today announced the launch of Axis Gold & Silver Passive Fund of Fund (FoF), an open-ended commodity-based FoF investing in units of gold and silver exchange traded funds (ETFs). The New Fund Offer (NFO) opened on December 10, 2025 and will close on December 22, 2025.
The scheme is designed to provide investors a cost-efficient and transparent way to gain exposure to two globally recognised stores of value—gold and silver—through a single investment vehicle. The fund will predominantly invest in units of Gold ETFs and Silver ETFs, with a benchmark aligned to the domestic price of gold and silver in a 50:50 ratio.
The minimum application amount during the NFO period is ₹100, with investments allowed in multiples of ₹1 thereafter. The scheme will be jointly managed by Mr. Pratik Tibrewal and Mr. Aditya Pagaria. An exit load of 0.25% will be applicable if redeemed or switched out within 15 days from the allotment date, while redemptions after 15 days will attract no exit load.
Speaking on the launch, B. Gopkumar, MD & CEO, Axis AMC, said:
“Gold and silver have historically served as effective hedges against inflation and currency volatility, while also offering diversification benefits to portfolios. With Axis Gold & Silver Passive FoF, we are providing investors a simple and cost-efficient way to gain exposure to these precious metals without the complexities of physical ownership.”
