Axis Mutual Fund launches Axis Nifty50 Equal Weight Index Fund; NFO opens on July 3

Axis Mutual Fund has announced the launch of Axis Nifty50 Equal Weight Index Fund. The NFO opens on July 3, 2026, and closes on July 17, 2026.

An open-ended scheme replicating the Nifty50 Equal Weight TRI will give investors a passive exposure to India’s leading 50 large-cap companies which are part of Nifty 50 Index through an equal-weight strategy.

The Nifty50 Equal Weight Index represents an alternative to the traditional market capitalization weighted Nifty 50 Index. Under this approach, each of the 50 constituents is assigned an equal weight of around 2%, thereby reducing concentration risk and providing more balanced exposure across stocks and sectors.

The fund aims to provide returns before expenses that correspond to the performance of the Nifty50 Equal Weight TRI, subject to tracking error.

According to the fund house, the Axis Nifty50 Equal Weight Index Fund looks to provide exposure to the same blue-chip companies as the Nifty 50 Index, but with a more diversified and balanced allocation approach that minimizes bias towards large-cap heavyweights.

The fund tracks the Nifty50 Equal Weight TRI with quarterly rebalancing, where all stocks are realigned to equal weights. This mechanism systematically trims exposure to outperformers and redistributes it across the portfolio. This strategy has historically shown better long-term returns compared to Nifty50 across various time periods, while retaining exposure to India’s most widely tracked benchmark constituents, it added.

For SIPs, the minimum investment amount is ₹100 each in daily, weekly and monthly mode. However, for the yearly SIP, the minimum SIP amount is ₹12,000.

The scheme is available in two plans including, Regular Plan and Growth Plan.

As per the Scheme Information Document, the scheme carries a 'Very High' risk rating under the Riskometer.