Description

AXIS MUTUAL FUND launches AXIS INCOME PLUS ARBITRAGE PASSIVE FOF - NFO with SIP facility from October 28, 2025 to November 11, 2025 on BSE StAR MF Platform.

Summary

AXIS MUTUAL FUND is launching AXIS INCOME PLUS ARBITRAGE PASSIVE FOF - NFO with SIP facility on the BSE StAR MF Platform. The NFO period runs from October 28, 2025 to November 11, 2025, with tentative allotment scheduled for November 12, 2025. The scheme offers six plan variants across Regular and Direct categories with IDCW Payout, IDCW Reinvestment, and Growth options. All variants are categorized as DEBT schemes.

Key Points

  • Six scheme variants available: Regular Plan and Direct Plan, each with IDCW Payout, IDCW Reinvestment, and Growth options
  • NFO period: October 28, 2025 to November 11, 2025
  • Tentative allotment date: November 12, 2025
  • Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
  • Clear funds must be available in ICCL Account by 6:00 PM on November 11, 2025
  • NFO extended till 6:00 PM on November 11, 2025 for lumpsum purchases only
  • Cheques and OTM payments acceptable during NFO period subject to clear funds receipt
  • Switches accepted during NFO period subject to fund receipt on or before allotment date

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch notification following existing BSE StAR MF Platform operational procedures.

Compliance Requirements

  • Members must ensure client-initiated fund payments are completed by 9:00 AM on T+1 day to avoid transaction cancellation
  • Transactions with client-initiated payments remain pending until 3:00 PM on the last day of NFO or T+5, whichever is earlier
  • Clear funds must be available in ICCL Account by 6:00 PM on November 11, 2025 for unit allotment
  • SIP/XSIP/ISIP registration authentication must be completed by clients before 3:00 PM on NFO closure date (November 11, 2025)
  • Cancelled transactions will be reported to RTA/AMC with CC and N flag

Important Dates

  • October 28, 2025: NFO launch date with SIP facility
  • November 11, 2025: NFO closure date
  • November 11, 2025, 3:00 PM: Deadline for SIP/XSIP/ISIP registration authentication
  • November 11, 2025, 6:00 PM: Final deadline for clear funds in ICCL Account and extended NFO closure for lumpsum purchases
  • November 12, 2025: Tentative allotment date
  • T+1 day, 9:00 AM: Deadline for client fund initiation to avoid cancellation

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch that expands investment product offerings on the BSE StAR MF Platform. The debt-category fund-of-funds provides investors with additional allocation options in the arbitrage passive strategy segment.

Operational Impact: Low to moderate for BSE members and distributors. Members need to communicate NFO timelines and fund payment deadlines to clients. The extended trading hours for lumpsum purchases (till 6:00 PM) and specific SIP registration deadlines require operational awareness and client communication.

Investor Impact: Positive for investors seeking debt-oriented arbitrage strategies through a fund-of-funds structure. The availability of both Regular and Direct plans with multiple payout options provides flexibility in investment choices.

Impact Justification

Routine NFO launch notification for mutual fund platform. Informational notice for members about new investment product availability with standard operational guidelines.