Description

Axis Mutual Fund announces change in scheme name from 'Axis US Specific Equity Passive FOF' to 'Axis NASDAQ 100 US Specific Equity Passive FOF' effective February 06, 2026.

Summary

Axis Asset Management Company Ltd. has issued a Notice-cum-Addendum announcing the change in name of one of its mutual fund schemes. The scheme ‘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 modifications to the scheme’s terms and conditions, investment objective, or operations.

Key Points

  • Scheme name changed from ‘Axis US Specific Equity Passive FOF’ to ‘Axis NASDAQ 100 US Specific Equity Passive FOF’
  • Change effective from February 06, 2026
  • All references to the old name in SID/KIM and SAI documents are replaced with the new name
  • No changes to scheme’s terms, conditions, or investment strategy
  • Addendum issued as part of Scheme Information Document (SID), Key Information Memorandum (KIM) dated June 30, 2025, and Statement of Additional Information (SAI)

Regulatory Changes

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

Compliance Requirements

No compliance action required from investors or market participants. The name change is automatically effective from the specified date. All scheme documentation will reflect the revised name from February 06, 2026.

Important Dates

  • Notice Date: February 02, 2026
  • Effective Date: February 06, 2026 - New scheme name becomes effective

Impact Assessment

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

Operational Impact: Minimal. Investors holding units in this scheme will see the updated scheme name in their statements and communications from February 06, 2026. The underlying investment strategy, portfolio composition, and fund operations remain unchanged.

Investor Impact: No action required from existing or prospective investors. Unit holdings, NAV, and all other scheme features remain unaffected. The name change provides better clarity about the scheme’s investment focus on NASDAQ 100 index.

Impact Justification

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