Axis Mutual Fund Bets on India’s Capital Market Growth With New Index Fund

Axis Mutual Fund has launched the Axis Nifty Capital Markets Index Fund, an open-ended index fund tracking the Nifty Capital Markets TRI, amid rising retail participation and growing financialisation of savings in India.

The fund seeks to offer investors diversified exposure to companies linked to India’s financial ecosystem, including exchanges, data platforms, stockbroking firms, asset managers, and depository services.

According to the fund house, India’s mutual fund industry had average assets under management of around ₹79 lakh crore as of March 2026, supported by record systematic investment flows. However, India’s AUM-to-GDP ratio remains under 20%, indicating substantial room for future growth.

Commenting on the launch, B. Gopkumar said, “India’s capital markets are moving into a structurally deeper and more participative phase, supported by strong domestic flows, increasing retail engagement, and continued formalisation of savings. At Axis Mutual Fund, we see this as a long-term opportunity not just at the market level, but across the broader ecosystem that enables this growth.”

He further added, “With the Axis Nifty Capital Markets Index Fund, we are extending our passive investment suite to offer investors a targeted way to participate in this evolution. The fund is designed as a simple and transparent building block for portfolios, allowing investors to align with the long-term growth of India’s financial ecosystem.”