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WHAT IS AXIS MUTUAL FUND? Axis Mutual Fund is one of the mutual fund houses whose products are distributed by the Bank. Axis Mutual Fund has been established as a trust under Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. Asset management company, Axis Mutual Fund, has launched a new fund offer (NFO) for a consumption exchange-traded fund (ETF) that will look to create long-term wealth by investing in a basket of Nifty India Consumption index stocks. AXIS MUTUAL FUND OVERVIEW Incorporated in -2009 Sponsor- Axis Bank Limited CEO/MD - Mr. Chandresh Kumar Nigam Estimated Annual Revenue- $139.9M WHAT ARE CONSUMPTION FUNDS? Consumption funds invest in sectors that are consumption-oriented. Some of the consumption-oriented sectors are Automobiles, FMCG (Fast-moving Consumer Goods), Consumer Durables, Telecom, Financial Services, etc. Consumption thematic mutual funds invest in such companies. ETF NFO DETAILS Launched on -30th Aug, 2021 Closing Date-13th S