Description
AXIS MUTUAL FUND launches AXIS BSE INDIA SECTOR LEADERS INDEX FUND NFO with SIP facility on BSE StAR MF Platform from January 23 to February 06, 2026.
Summary
AXIS MUTUAL FUND will launch AXIS BSE INDIA SECTOR LEADERS INDEX FUND as a New Fund Offering (NFO) with SIP facility on BSE StAR MF Platform. The NFO period runs from January 23, 2026 to February 06, 2026, with both Regular and Direct plan Growth options available. The tentative allotment date is February 11, 2026.
Key Points
- Two plan options available: Regular Plan - Growth (ISIN: INF846KA1416) and Direct Plan - Growth (ISIN: INF846KA1424)
- NFO period: January 23, 2026 to February 06, 2026
- Extended trading till midnight on February 06, 2026 for lumpsum purchases only
- Tentative allotment date: February 11, 2026
- Scheme category: EQUITY
- SIP facility available during NFO period
Regulatory Changes
No regulatory changes introduced by this circular.
Compliance Requirements
For Members:
- Transactions where client has not initiated funds till 9:00 AM on T+1 day will be cancelled
- CC with N flag will be reported to RTA/AMC for cancelled transactions
- Transactions with initiated payment remain pending till 3:00 PM on last day of NFO funds payout or T+5, whichever is earlier
- Clear funds must be available in ICCL Account by 6:00 PM on February 11, 2026
- SIP/XSIP registration authentication must be completed by clients before 3:00 PM on NFO closure date
Payment Methods:
- Cheques and OTM payments acceptable during NFO period subject to receipt of clear funds in ICCL account by 6:00 PM on February 11, 2026
- Switches accepted during NFO period only if funds received on or before allotment date
- Funds for switch-out scheme received after NFO allotment date will not be considered for allotment
Important Dates
- NFO Start Date: January 23, 2026
- NFO End Date: February 06, 2026
- Extended Period (Lumpsum Only): Till midnight on February 06, 2026
- SIP/XSIP Authentication Deadline: 3:00 PM on February 06, 2026
- Tentative Allotment Date: February 11, 2026
- Clear Funds Deadline: 6:00 PM on February 11, 2026
Impact Assessment
Market Impact: Low - This is a standard NFO launch for a new equity index fund. It expands investment options for retail and institutional investors on the BSE StAR MF Platform but does not affect existing market operations or trading rules.
Operational Impact: Low - Members already operating on BSE StAR MF Platform can facilitate this NFO using existing systems and processes. The circular provides clear operational timelines and payment handling procedures.
Impact Justification
Informational circular about a new mutual fund offering. Standard NFO launch with no regulatory changes or compliance implications for existing participants.