Axis Mutual Fund Launches Nifty Energy Index Fund and ETF NFOs
Chennai: Axis Mutual Fund has launched two new schemes — the Axis Nifty Energy Index Fund and Axis Nifty Energy ETF — offering investors exposure to companies across India’s energy sector.
The Axis Nifty Energy Index Fund opened for subscription on August 7, 2026, and will close on August 21, 2026. The Axis Nifty Energy ETF will open on August 12, 2026, and close on August 21. The ETF will be listed on the stock exchange.
Both schemes aim to generate returns, before expenses, corresponding to the performance of the Nifty Energy Total Return Index (TRI), subject to tracking error.
Exposure Across India’s Energy Sector
The two schemes will seek to replicate the Nifty Energy TRI, providing exposure across segments of India’s energy value chain. These include oil and gas, power generation, transmission and distribution, renewable energy, energy equipment and related infrastructure.
According to Axis Mutual Fund, India’s relatively lower per-capita electricity consumption compared with several developed and emerging economies indicates potential for further electricity demand. The country’s energy sector is also undergoing changes across conventional energy, renewable power, transmission infrastructure, energy equipment and emerging technologies.
India is projected to add more than 580 GW of power generation capacity over the next decade, according to the fund house. Renewable energy is expected to account for a significant portion of this expansion, alongside investments in transmission networks, energy storage, natural gas infrastructure and grid modernisation.
Index Methodology
The underlying Nifty Energy index currently comprises up to 40 stocks selected from the Nifty 500 universe that are associated with the energy theme.
Stocks are weighted according to their free-float market capitalisation, with limits in place to manage concentration. At the time of rebalancing, no individual stock can have a weight of more than 10%, while no industry can account for more than 25% of the index.
The index is reconstituted and rebalanced twice a year, in March and September, to reflect changes in India’s energy sector.
Fund Management
Commenting on the launch, B. Gopkumar, Managing Director and CEO, Axis AMC, said the energy sector is undergoing structural changes driven by renewable energy adoption, transmission expansion, energy security initiatives and technological developments.
The funds will be managed by Nandik Mallik and Rohit Gautam.
The fund house said the schemes are intended for investors seeking passive exposure to India’s long-term energy theme and can be used as a thematic allocation within an investment portfolio.
