New Delhi, April 10 -- Axis Mutual Fund has announced the launch of its new thematic offering, the Axis Nifty India Defence Index Fund. This is an open-ended scheme which will focus on tracking the Nifty India Defence Total Return Index (TRI).

The new fund offer (NFO) will open for subscription today (10 April) and close on 24 April, as detailed in a recent press release.

The fund seeks to generate returns, before expenses, that closely track its benchmark index, subject to tracking errors. This product is developed as a passive investment vehicle. It offers investors a cost-effective and transparent way to gain exposure to the nation's rapidly evolving defence sector. The investments in the defence sector gain even greater importance g...