Axis Mutual Fund on Thursday announced the launch of the Axis BSE India Sector Leaders Index Fund, an open-ended index fund that will track the BSE India Sector Leaders Index. The new fund offer (NFO) will open for subscription on January 23, 2026, and close on February 6, 2026.
The fund will be managed by Karthik Kumar and is available with a minimum investment of ₹100. It aims to provide a long-term wealth creation option by offering broad exposure to India’s leading companies across sectors. The scheme will invest in the top three companies from each of the 21 sectors represented in the BSE 500 Index, selected on the basis of average six-month daily total market capitalisation.
According to the fund house, the portfolio will include companies from sectors such as financial services, information technology, industrials, commodities, FMCG and healthcare. The index provides exposure across large-, mid- and small-cap stocks, helping reduce concentration risk. The index will be reconstituted semi-annually, while stock weights will be reset quarterly with limits ranging from 1% to 5%. Commenting on the launch, Axis AMC Managing Director and CEO B. Gopkumar said the fund is designed to give investors access to sector-leading companies through a diversified and rules-based passive approach. Chief Investment Officer Ashish Gupta added that the methodology captures the breadth of the Indian market by systematically identifying leaders in each sector.