Axis Mutual Fund has launched Axis Nifty India Defence Index Fund, an Open-Ended Index Fund tracking Nifty India Defence TRI. The NFO opens for subscription on April 10, 2026 and closes on April 24, 2026. The Entry Load is not applicable for the scheme. The Exit Load: If redeemed/ switched out within 15 days from the date of allotment: 0.25% and Nil - If redeemed/ switched out after 15 days from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re. 1/- thereof.The performance of the Scheme will be benchmarked against Nifty India Defence TRI and its fund managers are Nandik Malik and Rohit Gautam.The investment objective of the scheme is to provide returns before expenses that correspond to the performance of Nifty India Defence TRI subject to tracking error.