Description

Axis Mutual Fund announces renaming of Axis US Specific Equity Passive FOF to Axis NASDAQ 100 US Specific Equity Passive FOF effective February 06, 2026.

Summary

Axis Mutual Fund has issued a Notice-cum-Addendum announcing the change in name of Axis US Specific Equity Passive FOF scheme. The scheme 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 strategy, or other operational aspects.

Key Points

  • Scheme name changes from “Axis US Specific Equity Passive FOF” to “Axis NASDAQ 100 US Specific Equity Passive FOF”
  • Effective date of name change: February 06, 2026
  • All references to the existing name in SID/KIM and SAI documents will be replaced with the revised name
  • No changes to terms and conditions, investment strategy, or operational aspects of the scheme
  • Notice issued as addendum to 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 purely an administrative name change for an existing mutual fund scheme.

Compliance Requirements

  • Investors should note the revised scheme name for all future references and communications
  • All scheme-related documents will reflect the new name from the effective date
  • The addendum forms an integral part of the SID/KIM and SAI documents

Important Dates

  • Effective Date: February 06, 2026 - Date from which the new scheme name becomes applicable
  • Notice Date: February 02, 2026 - Date of issuance of the addendum
  • Base Documents Date: June 30, 2025 - Date of the SID/KIM/SAI being amended

Impact Assessment

Market Impact: Nil. This is an administrative change with no market implications.

Operational Impact: Minimal. The name change is cosmetic and does not affect the scheme’s investment objective, asset allocation, risk profile, or management. Existing investors will continue to hold the same units under the new scheme name. The addition of “NASDAQ 100” to the name provides greater clarity about the scheme’s investment focus on NASDAQ 100 index-based funds.

Impact Justification

Administrative change involving only scheme name modification with no impact on investment strategy, terms, or conditions. Affects only existing investors of this specific mutual fund scheme.