Description

Axis US Specific Equity Passive FOF renamed to Axis NASDAQ 100 US Specific Equity Passive FOF effective February 06, 2026.

Summary

Axis Asset Management Company Limited has announced a change in the name of one of its mutual fund schemes. The scheme previously known as “Axis US Specific Equity Passive FOF” will be renamed to “Axis NASDAQ 100 US Specific Equity Passive FOF” effective February 06, 2026. This is an administrative change with no impact on the scheme’s investment objectives, strategy, or terms and conditions.

Key Points

  • Scheme name change from “Axis US Specific Equity Passive FOF” to “Axis NASDAQ 100 US Specific Equity Passive FOF”
  • Change applies to the Scheme Information Document (SID) and Key Information Memorandum (KIM) dated June 30, 2025
  • All references to the existing name will be replaced with the revised name from the effective date
  • All other terms and conditions of the SID/KIM and Statement of Additional Information (SAI) remain unchanged
  • This addendum forms an integral part of the scheme documents

Regulatory Changes

No regulatory changes. This is an administrative nomenclature update to better reflect the scheme’s investment focus on NASDAQ 100 index.

Compliance Requirements

  • No action required from investors
  • The fund will update all scheme-related documents with the new name
  • All references in official documents will reflect the revised name from February 06, 2026

Important Dates

  • Effective Date: February 06, 2026
  • Notice Date: February 02, 2026
  • Reference SID/KIM Date: June 30, 2025

Impact Assessment

Market Impact: None. This is purely an administrative change.

Investor Impact: Minimal. Existing investors in the scheme will see the updated name in their statements and communications, but there is no change to their investment, holdings, or the scheme’s investment strategy.

Operational Impact: Limited to updating scheme documentation and investor communications on the BSE StAR MF platform and other distribution channels.

Impact Justification

Administrative change involving only scheme name revision with no impact on scheme structure, investment strategy, or investor holdings. No action required from investors.