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 is launching AXIS BSE INDIA SECTOR LEADERS INDEX FUND as a New Fund Offer (NFO) with SIP facility on the BSE StAR MF Platform. The NFO period runs from January 23, 2026, to February 06, 2026, offering both Regular Plan - Growth and Direct Plan - Growth options. The tentative allotment date is February 11, 2026.

Key Points

  • Two scheme 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
  • Transactions without client-initiated funds by 9:00 AM on T+1 will be cancelled with N flag reported to RTA/AMC
  • Pending transactions remain in system till 3:00 PM on last NFO payout date 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 before allotment date
  • SIP/XSIP registration authentication must be completed by 3:00 PM on NFO closure date

Regulatory Changes

No regulatory changes. This is a standard NFO launch notification.

Compliance Requirements

  • Members must ensure client funds are initiated by 9:00 AM on T+1 day to avoid transaction cancellation
  • Clear funds must be available in ICCL Account by 6:00 PM on February 11, 2026, for unit allotment
  • SIP/XSIP registrations must be authenticated by clients before 3:00 PM on February 06, 2026
  • For switch transactions, funds must be received under NFO scheme on or before allotment date for consideration

Important Dates

  • January 23, 2026: NFO opening date
  • February 06, 2026: NFO closure date (extended till midnight for lumpsum purchases)
  • February 06, 2026, 3:00 PM: Deadline for SIP/XSIP registration authentication
  • February 11, 2026: Tentative allotment date
  • February 11, 2026, 6:00 PM: Deadline for clear funds in ICCL Account
  • T+1, 9:00 AM: Deadline for client fund initiation (to avoid cancellation)

Impact Assessment

Market Impact: Minimal. This is a routine NFO launch that provides investors with a new investment option in an index fund tracking BSE India Sector Leaders Index.

Operational Impact: Members/distributors on BSE StAR MF platform need to process NFO orders, manage fund collection timelines, and ensure compliance with specified cut-off times for fund initiation, SIP authentication, and payment clearing. The strict timelines for fund availability and transaction processing require operational coordination between members, clients, and the AMC.

Impact Justification

Routine NFO launch notification for mutual fund members; impacts only mutual fund distributors and investors interested in this specific scheme