Description
AXIS MUTUAL FUND launching AXIS NIFTY500 QUALITY 50 INDEX FUND NFO with SIP facility from August 21 to September 04, 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 04, 2025. The scheme offers both Regular and Direct plan options with Growth variants.
Key Points
- NFO period: August 21, 2025 to September 04, 2025
- Two scheme variants available: Regular Plan and Direct Plan (both Growth options)
- ISIN codes: INF846KA1192 (Regular) and INF846KA1200 (Direct)
- Tentative allotment date: September 10, 2025
- Clear funds must be available in ICCL Account by 6:00 PM on September 10, 2025
- Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled
- NFO extended till midnight on September 04, 2025 for lumpsum purchases only
Regulatory Changes
No regulatory changes mentioned in this circular.
Compliance Requirements
- Members must ensure client fund initiation by 9:00 AM on T+1 day
- Clear funds must be available in ICCL Account by 6:00 PM on September 10, 2025
- SIP/XSIP/ISIP registration authentication must be completed by 3:00 PM on NFO closure date
- Cheques and OTM payments acceptable subject to clear funds receipt by deadline
Important Dates
- NFO Start Date: August 21, 2025
- NFO End Date: September 04, 2025 (extended till midnight for lumpsum)
- Tentative Allotment Date: September 10, 2025
- Clear Funds Deadline: 6:00 PM on September 10, 2025
- SIP Authentication Deadline: 3:00 PM on September 04, 2025
Impact Assessment
Minimal market impact as this is a routine NFO launch. Provides additional investment option for investors interested in quality-focused index funds tracking NIFTY500 Quality 50 index. Standard operational procedures apply with specific timelines for fund settlement and allotment.
Impact Justification
Routine NFO launch announcement with standard trading procedures