Description
AXIS MUTUAL FUND launches AXIS GOLD AND SILVER PASSIVE FOF - NFO on BSE StAR MF Platform from December 10-22, 2025, with tentative allotment on December 29, 2025.
Summary
AXIS MUTUAL FUND is launching a New Fund Offer (NFO) for AXIS GOLD AND SILVER PASSIVE FOF on the BSE StAR MF Platform. The NFO will be open from December 10, 2025, to December 22, 2025, offering both Regular and Direct plan options with Growth payout. The tentative allotment date is December 29, 2025. Members must ensure clear funds are available in ICCL Account by 6:00 PM on the allotment date. The NFO will be extended till midnight on December 22, 2025, for lumpsum purchases only.
Key Points
- Two scheme options available: Regular Plan (ISIN: INF846KA1390) and Direct Plan (ISIN: INF846KA1408), both categorized as DEBT
- NFO period: December 10-22, 2025
- Extended trading till midnight on December 22, 2025 for lumpsum purchases only
- Transactions without client-initiated funds by 9:00 AM on T+1 day will be cancelled
- Pending transactions maintained till 3:00 PM on last NFO fund payout day or T+5, whichever is earlier
- Cheques and OTM payments accepted 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 announced in this circular.
Compliance Requirements
- Members must ensure clear funds are available in ICCL Account by 6:00 PM on December 29, 2025
- Clients must initiate funds by 9:00 AM on T+1 day to avoid transaction cancellation
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- For switches, funds under NFO scheme must be received on or before allotment date for allotment consideration at AMC/RTA end
Important Dates
- NFO Opening Date: December 10, 2025
- NFO Closing Date: December 22, 2025
- Extended Period for Lumpsum: Till midnight on December 22, 2025
- Tentative Allotment Date: December 29, 2025
- Clear Funds Deadline: 6:00 PM on December 29, 2025
Impact Assessment
This is a routine NFO launch with minimal market impact. It provides investors with a new investment option in gold and silver passive fund of funds category. The operational procedures outlined are standard for BSE StAR MF Platform NFOs. Members and investors need to adhere to the specified timelines for fund payment and transaction processing to ensure successful allotment.
Impact Justification
Routine NFO launch announcement for a mutual fund scheme on BSE platform with standard operational procedures