Axis Mutual Fund has launched the Axis Nifty Energy Index Fund and Axis Nifty Energy ETF, offering investors passive exposure to companies operating across India’s energy ecosystem.
Both schemes will track the Nifty Energy TRI and aim to generate returns corresponding to the performance of the underlying index.
The NFO of Axis Nifty Energy Index Fund opened on August 7 and will close on August 21, 2026. The fund will levy an exit load of 0.25% if units are redeemed or switched out within 15 days of allotment, while there will be no exit load thereafter.
Meanwhile, the Axis Nifty Energy ETF will open for subscription on August 12 and close on August 21, 2026. Its minimum application amount is Rs.5,000 and in multiples of Rs.10 thereafter. The ETF, which will be listed under the trading symbol ENERGYAXIS, does not have any exit load.
The Nifty Energy Index comprises up to 40 companies from the Nifty 500 universe operating across oil and gas, power generation, transmission and distribution, renewable energy, energy equipment and related infrastructure.
In a press release, B. Gopkumar, MD and CEO of Axis AMC, said that demand across the energy ecosystem is expected to increase as India moves towards greater industrialisation, urbanisation and digitalisation.
He added that the two schemes offer a single-point solution for investors looking to participate in conventional energy, renewables, utilities, transmission infrastructure and other energy-enabling businesses.
Axis Mutual Fund, in a press release, said that India is projected to add more than 580 GW of power-generation capacity over the next decade, with renewable energy expected to account for a significant portion of the expansion.
Nandik Mallik and Rohit Gautam will manage both the schemes.
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