Chandigarh, July 04: Axis Mutual Fund, one of India’s leading asset management companies, has announced the launch of itsnew fund offering, Axis Nifty50 Equal Weights Index Fund, an open-ended index scheme that seeks to track the Nifty50 Equal Weight Index and offer investors exposure to a diversified portfolio of India’s leading blue-chip companies that are a part of Nifty 50 Index, through a distinct equal-weighted allocation strategy. The New Fund Offer (NFO) will open on July 3, 2026, and close on July 17, 2026.
Axis Nifty 50 Equal Weight Index Fund
The Axis Nifty50 Equal Weight Index Fund aims to track the returns of the Nifty50 Equal Weight TRI, before expenses, subject to tracking error. The fund follows a rules-based approach where it invests equally across all 50 stocks in the index and quarterly rebalances the portfolio to maintain this allocation. This ensures that exposure to each stock remains consistent over time, instead of being skewed towards a few companies due to market movements.
This structured and transparent approach removes subjectivity and provides clarity on how the portfolio is managed over time.
Commenting on the launch, B Gopkumar, MD&CEO, Axis AMC said, “With the launch of the Axis Nifty50 Equal Weight Index Fund, we aim to offer investors a differentiated way to participate in India’s leading blue-chip companies through a more balanced and diversified allocation approach. At Axis AMC, our strategy in the passive space is focused on building a robust and well-rounded suite of solutions that can serve diverse investment needs while maintaining simplicity and transparency. As investors increasingly look to complement their core portfolios with efficient and diversified passive solutions, we believe such approaches can add meaningful value over the long term.”
Why Nifty50 Equal Weight Index?
The launch comes amid a sharp rise in investor interest in equal–weight strategies as AUM of various equal weight based passive strategies have grown from ~ Rs 100 cr in 2019-20 to close Rs 10,000 cr in 2025-26. Unlike the traditional Nifty 50, where larger companies have a greater influence due to their higher market capitalisation, the Nifty50 Equal Weight Index gives every company in the index an identical weight. This creates a more balanced exposure across all 50 companies and reduces reliance on a few large stocks. For investors, it offers a differentiated way to participate in the Nifty 50 universe while capturing a broader representation of its constituents. Based on historical data, Nifty50 Equal Weight TRI has noted outperformance across different periods over Nifty 50 TRI, amid similar risk.
The fund will be managed by Nandik Mallik and Rohit Gautam. The scheme offers a minimum investment of ₹100 and in multiples of ₹1 thereafter during the NFO period and on an ongoing basis.