Axis MF Launches BSE India Sector Leaders Index Fund; NFO Opens Jan 23

• Axis Mutual Fund introduces the Axis BSE India Sector Leaders Index Fund, an open-ended index scheme.
• The fund will track the BSE India Sector Leaders Total Return Index (TRI).
• New Fund Offer (NFO) opens on January 23 and closes on February 6, with a minimum investment of ₹100.
• Managed by Karthik Kumar, the scheme invests in top three companies from 21 sectors within the BSE 500 Index.
• The index provides exposure to large-, mid-, and small-cap stocks, with semi-annual reconstitution and rules-based weighting.

Why It Matters: Axis MF launches a new index fund tracking sector leaders across 21 BSE 500 sectors, NFO opens Jan 23.