News16 October 2026
Axis Mutual Fund launches Axis Nifty EV and New Age Automotive Index Fund
NFO period: 16th Oct - 30th Oct, 2026
Highlights of the NFO:
- Scheme type - An Open Ended scheme replicating/tracking Nifty EV & New Age Automotive Index.
- Investment objective - To provide returns before expenses that correspond to the performance of Nifty EV & New Age Automotive TRI subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.
- Product suitability - This product is suitable for investors who are seeking to generate long term wealth creation solution. An index fund that invests in constituents of Nifty EV & New Age Automotive TRI and aims to achieve returns of the stated total return index, subject to tracking error.
- Minimum Application Amount - Rs. 100 and in multiples of Re. 1/- thereafter
- Plan/ Options available - The Scheme has Regular Plan and Direct Plan.Each Plan offers only Growth Option.
- Fund Managers - Mr. Nandik Malik & Mr. Rohit Gautam
- Benchmark - Nifty EV & New Age Automotive TRI
(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)
This is a summary of a public announcement, shared for information. It is not a recommendation, and Renuka Investments may not distribute every scheme mentioned. Mutual fund investments are subject to market risks. Read all scheme related documents carefully.