Description
AXIS MUTUAL FUND launches AXIS NIFTY500 QUALITY 50 INDEX FUND NFO with SIP facility from August 21 to September 4, 2025.
Summary
AXIS MUTUAL FUND is launching AXIS NIFTY500 QUALITY 50 INDEX FUND as a New Fund Offer (NFO) with SIP facility on BSE StAR MF Platform from August 21, 2025, to September 4, 2025. The fund offers both Regular and Direct plan options with Growth variants.
Key Points
- NFO period: August 21, 2025 to September 4, 2025
- Two scheme variants: Regular Plan Growth (ISIN: INF846KA1192) and Direct Plan Growth (ISIN: INF846KA1200)
- Tentative allotment date: September 10, 2025
- Extended period available till midnight September 4, 2025 for lumpsum purchases only
- SIP/XSIP/ISIP registrations must be authenticated by 3:00 PM on NFO closure date
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Members must ensure clients initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
- Clear funds must be available in ICCL Account by 6:00 PM on September 10, 2025
- Cheques and OTM payments acceptable subject to clear funds receipt by allotment date
- Transactions without fund initiation will be cancelled with CC and N flag reported to RTA/AMC
Important Dates
- NFO Start Date: August 21, 2025
- NFO End Date: September 4, 2025
- Extended Period End: Midnight September 4, 2025 (lumpsum only)
- SIP Authentication Deadline: 3:00 PM September 4, 2025
- Tentative Allotment Date: September 10, 2025
- Fund Payment Deadline: 6:00 PM September 10, 2025
Impact Assessment
This NFO launch provides new investment opportunities for mutual fund investors seeking exposure to quality stocks within the Nifty 500 universe. The offering includes both regular and direct plans with SIP facilities, enhancing accessibility for retail investors. Operational procedures ensure proper fund collection and allotment processes are maintained.
Impact Justification
New mutual fund offering with specific operational procedures affects market participants and investors