Axis Mutual Fund has launched the Axis Nifty EV & New Age Automotive Index Fund, an open-ended scheme tracking the Nifty EV & New Age Automotive TRI. The New Fund Offer is open from October 16 to October 30, 2026, with a minimum investment of ₹100.
Commenting on the launch, B Gopkumar, MD & CEO, Axis AMC, said, “India’s transition towards electric mobility represents a significant shift in the automotive landscape, with implications extending beyond transportation to energy security, domestic manufacturing and technological innovation. Improving EV economics, technological advancements, and supportive policy measures are further driving adoption. We believe these developments are reshaping the automotive industry and creating long-term opportunities across its supporting ecosystem.”
“At Axis Mutual Fund, our focus is on providing investors with access to emerging investment themes through simple, transparent and disciplined solutions. With the Axis Nifty EV & New Age Automotive Index Fund, we aim to offer a rules-based investment avenue that provides exposure to different segments of the automotive value chain. The launch further strengthens our passive investment offerings, enabling investors to participate in the industry’s long-term development through a single fund”, he further added.
The fund will invest in index constituents spanning vehicle manufacturers, battery makers, component suppliers, raw materials and automotive technology companies. The scheme seeks to deliver returns corresponding to the benchmark, subject to tracking error. Investors should consider the risks associated with thematic equity investments.
