Description

AXIS Mutual Fund is launching the AXIS NIFTY CAPITAL MARKETS INDEX FUND NFO on BSE StAR MF Platform from May 4 to May 15, 2026, with tentative allotment on May 20, 2026.

Summary

BSE has informed members that AXIS Mutual Fund will offer the AXIS NIFTY CAPITAL MARKETS INDEX FUND NFO, along with SIP facility, on the BSE StAR MF Platform from May 4, 2026 to May 15, 2026. The fund has two plans — Regular Plan (Growth) and Direct Plan (Growth) — both categorized as equity schemes with a tentative allotment date of May 20, 2026.

Key Points

  • NFO window: May 4, 2026 to May 15, 2026
  • Two schemes offered: Regular Plan – Growth (ISIN: INF846KA1531) and Direct Plan – Growth (ISIN: INF846KA1549)
  • Both schemes are equity category under AXIS NIFTY CAPITAL MARKETS INDEX FUND
  • Tentative allotment date: May 20, 2026
  • SIP/XSIP registrations must be authenticated by clients on or before 3:00 PM on May 15, 2026
  • Lumpsum purchases extended till midnight on May 15, 2026 on BSE StAR MF Platform

Regulatory Changes

No regulatory changes introduced. This is an operational notice for the launch of a new mutual fund scheme on the BSE StAR MF Platform.

Compliance Requirements

  • Transactions where clients do not initiate funds by 9:00 AM on T+1 day will be cancelled; CC with ‘N’ flag must be reported to the RTA/AMC.
  • Transactions with initiated payment remain pending until 3:00 PM on the last day of funds pay-out to AMC or T+5 day, whichever is earlier.
  • Clear funds must be available in the ICCL account by 6:00 PM on May 20, 2026 for allotment eligibility.
  • Cheque and OTM payments accepted during NFO period, subject to clear funds receipt in ICCL account by 6:00 PM on May 20, 2026.
  • Switch transactions accepted during NFO period; switch-out funds received on or after the allotment date will not be considered for allotment.

Important Dates

  • May 4, 2026: NFO opens on BSE StAR MF Platform
  • May 15, 2026 (3:00 PM): Deadline for SIP/XSIP registration authentication
  • May 15, 2026 (midnight): NFO closure for lumpsum purchases
  • May 20, 2026 (6:00 PM): Deadline for clear funds in ICCL account
  • May 20, 2026: Tentative allotment date

Impact Assessment

This notice is primarily relevant to BSE members and mutual fund distributors participating in the BSE StAR MF Platform. The AXIS NIFTY CAPITAL MARKETS INDEX FUND tracks the Nifty Capital Markets Index, providing equity exposure to capital market-related companies. Operational compliance around fund initiation timelines, SIP authentication, and clear fund deadlines is critical for members to ensure client transactions are processed and not cancelled.

Impact Justification

Routine NFO launch notice for an equity index fund on BSE StAR MF platform; operationally relevant for mutual fund distributors and members but limited broader market impact.