Axis Mutual Fund has announced the launch of Axis Nifty Capital Markets Index Fund, an open-ended index fund designed to track the Nifty Capital Markets Total Return Index (TRI), offering investors exposure to India’s evolving capital markets ecosystem.
The New Fund Offer (NFO) will open on May 4, 2026 and close on May 15, 2026. The fund aims to provide returns, before expenses, that closely correspond to the performance of the Nifty Capital Markets TRI, subject to tracking error.
The fund will invest in companies that are integral to the capital markets ecosystem, including exchanges, asset management companies, brokerages, and depositories. The underlying index comprises companies from the Nifty 500 universe classified under capital market-related industries.
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.”