October 28, 2025
RA Jainee
Axis Income Plus Arbitrage Passive FoF Direct – Growth
Axis Income Plus Arbitrage Passive FoF Direct-Growth snapshot
| NFO opens on | 28 October 2025 |
| NFO Closes on | 11 November 2025 |
| Min. Investment | Rs. 100 |
| Plans | Growth, IDCW |
| Sahifund Verdict | “Low-volatility, tax-efficient option blending debt + arbitrage — ideal for stable income seekers.” |
⏱️ Last Update: 06 November 2025, 10.00 AM
Table of Contents:
1. NFO Open date, Close date
2. NFO Investment Strategy
3. Basic Details NFO
4. Benchmark Index NFO
5. Fund Manager | Performance Review of Fund Manager
6. Should You Invest in this NFO?
7. Invest Online
What is the Axis Income Plus Arbitrage Passive FoF Direct-Growth Open Date, Close Date?
NFO opens on October 28, 2025
NFO will close on November 11, 2025
Investment Strategy for this NFO?
The scheme seeeks to generate optimal returns over medium term by investing in passive debt oriented mutual fund schemes and arbitrage funds.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 28 October 2025 |
| Issue Close | 11 November 2025 |
| Type | Open-ended |
| Category | Hybrid: Income plus Arbitrage |
| Min. Investment(₹) | 100 |
| Plans | Growth, IDCW |
| Lock-in Period | NA |
| Exit Load | 0 |
| Riskometer | Low to Moderate |
| Benchmark | NIFTY Short Duration Index (65), NIFTY 50 Arbitrage TRI (35) |
About Benchmark Index for this NFO?
X
Fund Managers of Axis Income Plus Arbitrage Passive FoF Direct-Growth
1) Aditya Pagaria
Education: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College.
Experience: Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
2) Devang Shah
Education: Mr. Shah is B.Com and ACA.
Experience: Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
3) Hardik Satra
Education: Mr. Satra is a MBA (Financial Planning and Services)
Experience: Mr. Satra has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years.
4) Karthik Kumar
Education: Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical)
Experience: Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong.
AMC
Axis Asset Management Company Ltd.
Address: 23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai – 400013
Website: http://www.axismf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Axis Income Plus Arbitrage Passive FoF Direct-Growth @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of NIFTY Short Duration Index (65), NIFTY 50 Arbitrage TRI (35)
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | – | – | – | – | – |
| Total Return | – | – | – | – | – |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | – | – | – |
| Beta (NIFTY 50) | – | – | – |
| Correlation (NIFTY 50) | – | – | – |
Fundamentals
| P/E | P/B | Dividend Yield |
| – | – | – |
Study about Benchmark Index in details
Past Performance of Aditya Pagaria
| Fund | Axis Banking & PSU Debt Fund | It’s Benchmark | Axis Treasury Advantage Fund | It’s Benchmark |
| 1 Year | 7.97 | 4.68 | 7.70 | 4.68 |
| 3 Year | 7.36 | 4.63 | 7.44 | 4.63 |
| 5 Year | 5.80 | 3.61 | 5.99 | 3.61 |
| 7 Year | 7.26 | 3.71 | 6.71 | 3.71 |
| 10 Year | 7.22 | 3.88 | 6.86 | 3.88 |
As on 28-10-2025
Past Performance of Devang Shah
| Fund | Axis Dynamic Bond Fund | It’s Benchmark | Axis Gilt Fund | It’s Benchmark |
| 1 Year | 7.39 | 5.83 | 6.02 | 6.22 |
| 3 Year | 7.78 | 7.22 | 7.62 | 8.71 |
| 5 Year | 5.59 | 5.41 | 5.50 | 6.04 |
| 7 Year | 7.67 | 6.34 | 7.90 | 8.51 |
| 10 Year | 7.29 | 6.26 | 7.15 | 7.84 |
As on 28-10-2025
Past Performance of Hardik Satra
| Fund | Axis Overnight Fund | It’s Benchmark |
| 1 Year | 6.08 | 4.68 |
| 3 Year | 6.48 | 4.63 |
| 5 Year | 5.36 | 3.61 |
| 7 Year | — | — |
| 10 Year | — | — |
As on 28-10-2025
Past Performance of Karthik Kumar
| Fund | Axis Quant Fund | It’s Benchmark | Axis Multi Factor Passive FoF | It’s Benchmark |
| 1 Year | -3.56 | 6.77 | 1.07 | 6.77 |
| 3 Year | 12.36 | 16.87 | 13.54 | 16.87 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 28-10-2025
[B] Review of Fund Managers
Aditya Pagaria
-
Background: Mr. Pagaria is a Bachelor in Management Studies and holds a Post Graduate Diploma in Business Management from Institute Of Technology And Management, SK Somaiya College. Prior to joining Axis AMC he was associated with ICICI Prudential AMC (Nov 2011-Jul 2016) as Fund Manager – Fixed Income Operations.
Devang Shah
-
Background: Mr. Shah is B.Com and ACA., Prior to joining Axis AMC he has worked with ICICI Prudential AMC, Deutsche Asset Management (India) Pvt. Ltd. and Pricewaterhouse Coopers.
Hardik Satra
-
Background: Mr. Satra is a MBA (Financial Planning and Services), Mr. Satra has been working as a Fixed Income Analyst for Axis Mutual Fund for more than 9 years.
Karthik Kumar
-
Background: Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical), Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
🧾 SahiFund NFO Verdict — Axis Income Plus Arbitrage Passive FoF (Direct – Growth)
The Axis Income Plus Arbitrage Passive FoF offers a balanced blend of stability from debt and low-risk returns from arbitrage strategies, making it a smart hybrid solution for conservative investors. The fund aims to generate steady, tax-efficient income by investing 65% in passive short-duration debt funds and 35% in arbitrage-oriented equity funds. The benchmark mix — Nifty Short Duration Index (65%) and Nifty 50 Arbitrage TRI (35%) — indicates an expected post-tax return in the 6.5–7.5% range, with minimal volatility.
Given the current moderate interest rate environment, debt yields are likely to stay attractive through 2026, while arbitrage spreads remain healthy due to elevated derivatives activity. The fund’s design makes it ideal for investors seeking regular, low-risk income with better tax efficiency than traditional savings or FDs.
Managed by a seasoned Axis MF team — Aditya Pagaria and Devang Shah, known for consistent fixed-income performance — this fund provides predictable, low-volatility growth, suitable for a 2–3 year horizon.
Disclaimer: Mutual fund investments are subject to market risks. Read all scheme related documents carefully
Is it good to invest in Axis Income Plus Arbitrage Passive FoF Direct-Growth NFO?
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