Axis Mutual Fund has filed a draft for the Axis Nifty500 Quality 50 ETF, an open-ended scheme intended to track the Nifty500 Quality 50 total-return index. SEBI’s filing entry is dated 25 September 2026. The draft leaves the new fund offer’s opening and closing dates blank.
A selection of 50, not the entire Nifty 500
NSE Indices describes the benchmark as selecting 50 stocks from the Nifty 500 using quality scores based on return on equity, debt-to-equity and variability in earnings-per-share growth over five years. Weights combine the quality score and free-float market capitalization.
The name describes the selection universe and a factor approach; it does not mean the fund would hold all 500 companies. “Quality” is a methodology label, not a promise that the portfolio cannot fall or will outperform a broader benchmark.
What the draft proposes holding
Under normal circumstances, 95–100% of assets would be in securities covered by the underlying index. The remaining 0–5% could be in money-market instruments and debt or liquid mutual-fund units for liquidity purposes.
The objective is to correspond to benchmark returns before expenses, subject to tracking error. Investors should distinguish published index performance from a fund’s return after implementation costs and other tracking differences.
No launch date is established by this filing
The cover proposes NSE and BSE listing, with exchange symbols to be updated after listing. Those fields do not confirm an existing tradable ticker. The document also says the units have not been approved or recommended by SEBI.
CapKet checked the draft and the index owner’s methodology description. This report does not announce that subscriptions are open. The next evidence will be final offer documents, a dated NFO announcement and eventual costs and trading details.
Source check: 28 September 2026, approximately 15:18 IST. Event and filing dates are distinguished from this report’s publication date.