Axis Income Plus Arbitrage Passive Fof – Nfo Smart Switch – Axis Overnight Fund – Normal Growth – Physical Only
Axis Income Plus Arbitrage Passive Fof – Nfo Smart Switch – Axis Overnight Fund – Normal Growth – Physical Only
Low To Moderate Risk | Equity
Fund Overview
Launch Date
28 Oct 2025
End Date
07 Nov 2025
Allotment Date
07 Nov 2025
NAV
₹10
Expense Ratio, Exit Load & Tax
Expense ratio
Direct Plan (Growth): 0.07% as of late October 2025. Regular Plan (Growth): 0.11% as of late October 2025.
Exit load
no exit load
Minimum Investment Amounts
Initial Lumpsum Investment
₹₹100
Minimum SIP Investment
₹₹100
Fund Managment
Mr. Devang Shah
Managing this fund since 28th Oct 2025
Education
Experience
21 Years Work Experience
Fund House & Investment Objective
Axis Income Plus Arbitrage Passive Fof - Nfo Smart Switch - Axis Overnight Fund - Normal Growth - Physical Only
Rank(total assets)
2ND RANK
Total AUM
₹8,742.76 crore
1. Source fund: Axis Overnight Fund This is the fund from which the investment is being moved. Fund type: An open-ended debt scheme that invests in overnight securities, meaning they mature in one business day. Risk profile: It carries a very low level of interest rate risk and provides high liquidity. Plan: "Normal Growth" refers to the Regular Plan with the Growth option, where returns are reinvested into the fund instead of being paid out as dividends. Investment method: "Physical Only" indicates that this portion of the transaction was initiated through an offline process, such as submitting a physical application form. 2. Transaction method: NFO Smart Switch This is the type of transaction being initiated by the investor. What it is: The "Smart Switch" facility is a special service offered by Axis Mutual Fund that allows investors to move their money from an eligible existing scheme into a New Fund Offer (NFO). Benefit: This streamlines the investment process during an NFO period by automatically switching the specified amount. Eligibility: Switches are typically permitted from liquid or overnight schemes, such as the Axis Overnight Fund. 3. Destination fund: Axis Income Plus Arbitrage Passive Fof (NFO) This is the new fund that the investor is switching into, and it is currently undergoing a New Fund Offer (NFO). Fund type: A hybrid Fund of Funds (FoF) scheme that invests in passive debt funds and arbitrage funds. Investment strategy: The scheme allocates 50–65% of its portfolio to passive debt-oriented mutual funds and 35–50% to arbitrage funds. Objective: The goal is to generate stable, debt-like returns with low volatility and enhanced tax efficiency. NFO details: The NFO for this fund opened on October 28, 2025, and closes on November 11, 2025.
Investment Objective
To generate optimal returns over medium term by investing in passive debt oriented mutual fund schemes and arbitrage funds. There is no assurance that the investment objective of the Scheme will be achieved.
Fund benchmark
65% NIFTY Short Duration Debt Index 35% Nifty 50 Arbitrage TRI (Total Return Index)
Fund House Contact Details
Address
Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai – 400025.
Phone
1800 221 322
Launch Fund Date
28 Oct 2025
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Genuine Review Form Statisifed Customers
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FAQ's
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Like regular funds, NFOs may involve expense ratios and entry/exit loads. KSquare discloses all costs transparently.
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Most mutual funds offer liquidity, allowing you to redeem units anytime, except for closed-ended and ELSS funds with lock-ins.
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