Axis Nifty EV & New Age Automotive Index Fund

The simplest way is through an EV index fund. Axis Nifty EV & New Age Automotive Index Fund invests in companies across India's EV value chain (carmakers, battery makers, auto-component, electrical and auto-tech companies) in one fund. You can start with ₹100 through SIP or lumpsum, without a demat account.

An EV mutual fund invests in companies linked to electric vehicles and new age automotive companies. An EV index fund, like this one, does so passively by tracking an index, here the Nifty EV & New Age Automotive TRI, rather than relying on a fund manager's stock picks.

Axis Nifty EV & New Age Automotive Index Fund invests in the constituents of the Nifty EV & New Age Automotive TRI: about 38 companies such as vehicle makers, battery makers, auto-component suppliers and auto-tech firms. It is India's first index fund on this index*.

India registered ~25 lakh EVs in FY 2025-26, up from 2,400 in FY 2014-15. HSBC estimates EV share of new car sales could rise from 4.4% in FY26 to 25% by FY35, and of two-wheelers from 6.8% to 40%. Estimates are not guaranteed.¹

Three reasons: economics (an e-scooter costs ₹0.25–0.35/km to run vs ₹2–2.5 for petrol)³, energy security (India imports ~88% of its crude) and policy support (PLI schemes, PM E-DRIVE and 5% GST on EVs).²

An open-ended index fund that aims to provide returns, before expenses, corresponding to the Nifty EV & New Age Automotive TRI, subject to tracking error. There is no assurance that the objective will be achieved.

Yes. It is India's first index fund tracking the Nifty EV & New Age Automotive TRI. Until now, the index was accessible only through ETFs and ETF fund-of-funds that need a demat account or add a second layer of costs.

The NFO opens on 16 October 2026 and closes on 30 October 2026. Units are allotted at ₹10 during the NFO. After that, the scheme reopens for continuous purchase and redemption at NAV.

₹100, and in multiples of ₹1 thereafter, for both SIP and lumpsum, during the NFO and after it.

Yes. You can start a SIP of ₹100 in Axis Nifty EV & New Age Automotive Index Fund. A SIP helps average your purchase cost over time, which suits a thematic fund that can be volatile.

The fund is managed by Mr. Nandik Malik and Mr. Rohit Gautam. The exit load is 0.25% if redeemed or switched out within 15 days of allotment, and nil thereafter.

An NSE thematic index of Nifty 500 companies involved in electric and new-age vehicles, batteries, components, raw materials and automotive technology. It spans across such as vehicle makers, battery makers, component makers, raw material suppliers, advanced automotive technology & eligible firm under PLI, FAME etc.

Beyond battery-electric vehicles, it covers hybrid vehicles, hydrogen fuel-based vehicles, green hybrids and autonomous-vehicle technology, along with the companies that supply their parts and software.

As of 30-Sep-2026, the top 10 included Maruti Suzuki, Mahindra & Mahindra, Sona BLW, Samvardhana Motherson, Bosch, Sansera Engineering, Reliance Industries, CG Power, UNO Minda and KEI Industries, together about 48% of the index. The scheme may or may not hold these in future.ⁱ

No. Vehicle makers are less than 40% of the index. The rest is spread across battery makers, auto-component suppliers, electrical equipment, materials and auto-tech companies.ⁱ

Each vehicle maker is capped at 8% and every other stock at 4%. The index spans large caps (44%), mid caps (29%) and small caps (27%), and the top 10 make up about 48%.ⁱ

As of 30-Sep-2026, the Nifty EV & New Age Automotive TRI delivered 17.9% CAGR over 5 years vs 9.0% for the Nifty 500 TRI, and 23.8% over 7 years vs 14.2%. Past performance may or may not be sustained in future.^{^}

Both track the same index. An index fund needs no demat account, allows ₹100 SIPs and transacts at end-of-day NAV. An ETF trades on the exchange at market price and needs a demat account. Index funds generally suit SIP investors; ETFs suit those who trade.

An index fund follows a published index methodology with no discretionary stock picking, which typically means lower costs and full transparency. An actively managed fund relies on a fund manager's choices.

Nifty Auto Index is made up mainly of vehicle makers. The Nifty EV & New Age Automotive Index caps vehicle makers below 40% and adds battery makers, component suppliers, electrical equipment and auto-tech, covering the wider value chain.ⁱ

Concentration in one theme, battery-import restrictions, subsidy reductions, input costs and technology shifts. The index is more volatile than the broad market (5-year volatility 17.3 vs 14.4 for Nifty 500 TRI).^{^}

Thematic funds are usually a limited satellite portion of an equity portfolio, alongside a diversified core. The right amount depends on your goals and risk profile; consult your financial adviser.

As an equity-oriented scheme, it follows equity mutual fund tax rules. Under current laws, gains held over 12 months are long-term (12.5% above ₹1.25 lakh a year); gains within 12 months are short-term (20%). Tax laws can change; consult your tax adviser.ⁱⁱⁱ

Through the Axis Mutual Fund website or app, your mutual fund distributor, or supported investment platforms during the NFO period. Complete KYC, choose SIP or lumpsum, and invest before the NFO closes.

Yes, switches are allowed from eligible Axis MF schemes, subject to the source scheme's exit load and tax rules.

Yes. It is open-ended, so after allotment it reopens for continuous purchase and redemption at the applicable NAV, through SIP or lumpsum.