India, May 12 -- Axis Mutual Fund on Monday unveiled the Axis Nifty Capital Markets Index Fund, an open-ended scheme tracking the Nifty Capital Markets Total Return Index (TRI), with NFO open from May 4 to May 15.

The fund targets returns mirroring the benchmark before expenses, minus tracking error, giving investors straightforward access to India's booming capital markets.

Capital markets have surged on rising savings financialisation, retail influx, mutual fund growth-hitting Rs 79 lakh crore AUM by March 2026-and digital shifts, with India's AUM-to-GDP ratio lagging global peers for more upside.

It offers diversified bets on asset managers, exchanges, brokers, and depositories via free-float market cap method, with semi-annual reba...