Description

Axis Nifty India Defence Index Fund NFO by Axis Mutual Fund will be available for transactions on NSE MF Invest Platform from April 10 to April 24, 2026. Both Direct Growth and Regular Growth scheme variants are offered with allotment date of April 29, 2026.

Summary

NSE has informed its members that the Axis Nifty India Defence Index Fund NFO, offered by Axis Mutual Fund, will be available for transactions on the NSE MF Invest Platform from April 10, 2026 to April 24, 2026 (till 11:59 PM). The fund offers two variants — Direct Growth and Regular Growth — both classified under the Equity category, with an allotment date of April 29, 2026.

Key Points

  • NFO window: April 10, 2026 to April 24, 2026 (till 11:59 PM)
  • Two scheme variants available: Direct Growth (ISIN: INF846KA1523) and Regular Growth (ISIN: INF846KA1515)
  • Both schemes are categorised as Equity and track the Nifty India Defence Index
  • Allotment date for both schemes: April 29, 2026
  • Funds must be received in the designated Clearing Corporation account on or before April 29, 2026 by 12:30 PM
  • Members can contact NSE MF Invest support at 1800 2100 940 or support@nseinvest.com

Regulatory Changes

No regulatory changes are introduced by this circular. It is a standard NFO launch notification under the NSE MF Invest Platform framework.

Compliance Requirements

  • NSE members must ensure clear funds (via any accepted payment mode) are credited to the designated Clearing Corporation account on or before April 29, 2026 by 12:30 PM.
  • Members should make the NFO available on the platform to their clients within the stipulated subscription window.

Important Dates

  • April 10, 2026: NFO subscription window opens
  • April 24, 2026 (11:59 PM): NFO subscription window closes
  • April 29, 2026 (12:30 PM): Deadline for clear funds in Clearing Corporation account
  • April 29, 2026: Allotment date for both Direct Growth and Regular Growth schemes

Impact Assessment

This NFO introduces a defence-sector focused index fund on the NSE MF Invest Platform, providing members and retail investors access to a thematic equity product benchmarked to the Nifty India Defence Index. The impact is moderate — the fund caters to growing investor interest in India’s defence and aerospace sector amid increased government spending in this space. Members are operationally required to facilitate transactions and ensure timely fund transfers. No broad market or systemic impact is expected.

Impact Justification

Routine NFO launch notification for a new sectoral index fund focused on India's defence sector. Relevant to members and investors interested in defence-themed equity exposure, but limited systemic market impact.