Description

NSE notifies non-business days for select Axis Mutual Fund schemes on the NSE MF Invest Platform for May 2026, during which subscriptions, redemptions, switches, SIPs, STPs, and SWPs will not be permitted.

Summary

NSE has notified members that certain Axis Mutual Fund schemes will observe non-business days on the NSE MF Invest Platform during May 2026. On these dates, all transactions including subscriptions, redemptions, switches, SIPs, STPs, and SWPs will be suspended for the affected schemes as communicated by the respective AMC.

Key Points

  • Non-business days apply to select Axis Mutual Fund schemes on the NSE MF Invest Platform for May 2026
  • Two non-business dates are specified: 04 May 2026 and 25 May 2026
  • Affected transaction types: Subscriptions, Redemptions, Switches, SIPs, STPs, and SWPs
  • All affected schemes are Axis international Fund of Funds (FOFs) investing in US and global markets
  • Circular reference: NSE/NMFTM/73980, Circular Ref. No. 1345/2026

Regulatory Changes

No new regulatory changes introduced. This is an operational notification pursuant to AMC communication regarding holiday schedules for internationally-linked fund schemes.

Compliance Requirements

  • Members of NSE must ensure no transactions are processed for the listed schemes on the specified non-business days through the NSE MF Invest platform
  • Members should inform their clients about the transaction blackout on the respective dates for affected schemes

Important Dates

  • 04 May 2026: Non-business day for the following Axis schemes (ISINs: INF846K01Y39, INF846K012K9, INF846K013K7, INF846K014K5, INF846K015K2, INF846K016K0, INF846K017K8, INF846K017T9, INF846K018T7, INF846K019T5, INF846K013T8, INF846K014T6, INF846K016T1, INF846K01Z20, INF846K01Z38, INF846K01Z46, INF846K01Z53, INF846K01Z61, INF846K01Z79):
    • Axis Greater China Equity Fund of Fund (Direct Growth)
    • Axis NASDAQ 100 US Specific Equity Passive FOF (Direct & Regular, Growth/IDCW Payout/IDCW Reinvestment)
    • Axis US Specific Treasury Dynamic Debt Passive FOF (Direct & Regular, Growth/IDCW Payout/IDCW Reinvestment)
    • Axis Global Innovation Fund of Fund (Direct & Regular, Growth/IDCW Payout/IDCW Reinvestment)
  • 25 May 2026: Non-business day for the following Axis schemes (ISINs: INF846K01X06, INF846K01X22, INF846K01X14, INF846K01X30, INF846K01X48, and others):
    • Axis Global Equity Alpha Fund of Fund (Direct & Regular, Growth/IDCW Payout/IDCW Reinvestment)
    • Axis Greater China Equity Fund of Fund (Direct IDCW Payout/Reinvestment, Regular Growth/IDCW Payout/Reinvestment)
    • Axis NASDAQ 100 US Specific Equity Passive FOF (Direct & Regular, Growth/IDCW Payout/IDCW Reinvestment)
    • Axis US Specific Treasury Dynamic Debt Passive FOF (Direct Plan, Growth)

Impact Assessment

The impact is limited to investors transacting in specific Axis international FOF schemes via the NSE MF Invest platform. These schemes primarily invest in US and global markets (NASDAQ 100, Greater China, Global Innovation, Global Equity Alpha), and the non-business days likely correspond to market holidays in the underlying foreign markets. Investors planning transactions on 04 May 2026 or 25 May 2026 in these schemes must plan their transactions on alternative business days. No broader market or systemic impact is expected.

Impact Justification

Operationally relevant for investors holding or transacting in specific Axis international FOF schemes; no systemic market impact but directly affects transaction eligibility on two specific dates in May 2026.