Notice No.   20240328-32   Notice Date   28 Mar 2024
Category   Trading   Segment   Mutual Fund
Subject   Temporary Suspension of subscription in certain schemes of AXIS Mutual Fund

MFIs/MFDs/RIAs/RFDs are hereby informed that we have received communication from AXIS Mutual Fund regarding suspension of Inflows/subscription (Fresh/Additional Purchase, SIP, Switch-In & STP In) under below schemes on BSE StAR MF Platform with effect from April 01, 2024.

  • Axis NASDAQ 100 Fund of Fund
  • Axis US Treasury Dynamic Bond ETF Fund of Fund

Further, as intimated by Axis AMC, fresh Subscriptions, Switch-in, SIP, STP In applications received post cut-off timing of March 28, 2024, shall not be accepted.

As confirm by Axis AMC, the existing Systematic Investment Plan (SIPs) registered on BSE StAR MF Platform in above schemes will not get continue to process at AMC/RTA end.  Hence the funds debited from client bank account for SIP due on or after April 01, 2024, shall be refunded to the investor.

Also, as per Axis AMC confirmation, Exchange is temporarily pausing the existing Systematic Investment Plan (SIPs) registered under above scheme and shall be reactivated after further notice received from AMC end.  Also, Systematic Transfer Plan (STP) shall be terminated/cancelled with immediate effect.

The notice cum addendum issued by Axis AMC is attached.

Members can reach us through our Mutual fund Helpdesk numbers on 022-45720450 and 022-45720650 on business day between 8:00am to 7:00pm.  You can also raise your queries on our CRS portal: -


Ketan Jantre                                                    Zeeta Eustace

Chief General Manager – Mutual Funds       Dy. General Manager – Mutual Funds