Description

AXIS Mutual Fund launches AXIS Gold and Silver Passive FOF NFO 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 Fund of Funds on BSE StAR MF Platform. The NFO period runs from December 10, 2025, to December 22, 2025, with tentative allotment scheduled for December 29, 2025. The scheme is available in both Regular and Direct plans with Growth options, categorized under Debt. Extended trading hours until midnight on December 22, 2025, are available for lumpsum purchases only.

Key Points

  • NFO period: December 10, 2025, to December 22, 2025
  • Two scheme options available: Regular Plan (ISIN: INF846KA1390) and Direct Plan (ISIN: INF846KA1408)
  • Both plans offer Growth option and are categorized as Debt schemes
  • Tentative allotment date: December 29, 2025
  • Extended trading until 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
  • Cheques and OTM payments accepted during NFO period
  • Switches accepted during NFO period subject to fund receipt conditions

Regulatory Changes

No regulatory changes introduced. This is a standard NFO launch announcement.

Compliance Requirements

  • Members must ensure clear funds are available in ICCL Account by 6:00 PM on December 29, 2025
  • Transactions for which clients have not initiated funds by 9:00 AM on T+1 day (including extended period transactions) will be cancelled
  • CC with N flag will be reported to RTA/AMC for cancelled transactions
  • Pending transactions with initiated payment will remain in system until 3:00 PM on last day of NFO fund payout or T+5, whichever is earlier
  • For switches during NFO: funds must be received on or before allotment date for units to be allotted

Important Dates

  • NFO Start Date: December 10, 2025
  • NFO End Date: December 22, 2025 (regular hours)
  • Extended Trading: Until midnight on December 22, 2025 (lumpsum only)
  • Tentative Allotment Date: December 29, 2025
  • Clear Funds Deadline: 6:00 PM on December 29, 2025
  • T+1 Fund Initiation Deadline: 9:00 AM (for transaction validity)

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch for a passive fund of funds investing in gold and silver. It provides investors with an option to diversify into precious metals through a mutual fund structure.

Investor Impact: Low to medium for mutual fund investors interested in gold and silver exposure. The passive FOF structure offers a convenient way to gain exposure to precious metals without directly investing in physical gold/silver or individual ETFs.

Operational Impact: Standard NFO procedures apply. Members operating on BSE StAR MF Platform need to follow specified fund settlement timelines and ensure compliance with payment deadlines to avoid transaction cancellations.

Impact Justification

Routine NFO launch announcement for mutual fund scheme with standard operational procedures. Limited to mutual fund investors on BSE StAR MF platform.