Axis Mutual Fund today announced the launch of the Axis Income Plus Arbitrage Passive FOF, an innovative open-ended scheme designed to offer investors a blend of stability, predictability, and tax efficiency.

The new fund offer or NFO of the scheme will open for subscription on October 28 and will close on November 11.

The fund is managed by Devang Shah, Aditya Pagaria, Hardik Satra, and Karthik Kumar. The performance of the fund will be benchmarked against 65% NIFTY Short Duration Debt Index + 35% Nifty 50 Arbitrage TRI

This new offering is tailored for investors seeking to optimize their post-tax returns while maintaining a conservative risk profile. The fund strategically combines investments in passive debt-oriented mutual fund schemes with arbitrage funds, creating a hybrid structure that aims to deliver consistent returns over a medium-term horizon.