Gen Z Takes Off: Flight Bookings By 15–24-Year-Olds Up 60% Ahead Of Diwali & Bus Bookings Grew 80%: Cleartrip’s Peekaboo Trends

* Hotels Lead the Festive Boom: Leisure Stays Up 135% for Diwali~

* Budget to Luxury, Hotel Bookings Surge Across Every Segment~

* Taipei, Cebu, Dublin: Indians Go Off the Beaten Path This Festive Season~

Festive spending is moving deep into India’s Tier-2 and Tier-3 markets this season. Data curated by Cleartrip PeekABoo travel trends tracker reveals that travel and hotel demand is decentralising rapidly across the country. Indians are officially swapping traditional metro holidays for offbeat getaways and regional hubs.

Booming demand across hotels and flights

Leisure hotel bookings have risen 135% for Diwali so far and 66% for Navratri. Udaipur’s hotel bookings have more than quadrupled at 316% for Diwali so far, while bookings in major tech and heritage hubs like Bangalore and Jaipur have nearly tripled with increases of 189% and 174%, respectively.

Flight bookings to Agatti grew 130%, Gaya 98% and Dimapur 80%. Other domestic destinations recording flight growth include Udaipur (59%), Dibrugarh (37%), Gorakhpur (34%), Jabalpur (29%), Imphal (24%) and Dehradun (9%).

Gen Z takes to the skies

Gen Z travellers are driving flight growth. Bookings among travellers aged 15–24 increased 60%, compared with 6% among those aged 25–34. Simultaneously, women’s share of bookings grew 44% over the same period.

Growth across price points, alongside bus travel

The holiday boom is evident across every hotel category. Budget stays are leading with a massive 201% jump in bookings, closely followed by luxury properties at 162%, mid-range accommodations at 148%, and premium hotels at 114%. This shows that travel demand is strong across all income segments this festive season.

Bus travel remains primarily driven by traditional festive migration as people head back to their hometowns. Bookings grew 80% for Delhi, 76% for Pune, 68% for Nagpur, 63% for Chennai and 57% for Mumbai.

Emerging unusual international destinations

International flight bookings are growing across less conventional destinations. Taipei leads with 146% growth, followed by Cebu at 117%, Dublin at 110%, Phu Quoc at 106%, and Osaka recorded 74% growth.

This year’s festive season points to a highly active holiday movement, signalling a broader shift in Indian consumer behaviour. There is a clear distribution of travel spending away from traditional hubs and hotel tiers. For many Indians, travel is becoming an increasingly important part of celebrating the festive season.

About Cleartrip:

Launched in July 2006, Cleartrip Pvt Ltd., a Flipkart company, has emerged as India’s fastest-growing online travel technology company. In April 2021, Flipkart acquired a majority stake in Cleartrip. Cleartrip recently emerged as the no. 2 OTA player as per a study by VIDEC. With an aggressive plan to emerge as a leading innovator in the industry, Cleartrip is on its way to building a differentiated value proposition for its customers looking for end-to-end travel solutions. With industry-first offerings including ClearChoice Plus and ClearChoice Max, Cleartrip has a clear vision to provide innovative solutions in the OTA segment. Combining intuitive products with a customer-centric approach and a wide selection of flights, hotels, trains and buses and holiday packages, Cleartrip brings a unique selling point to the market, offering its customers convenience, choice, competitive prices, and premium content. 

York And Bengaluru To Tackle Challenges Of Turning Waste Into Clean Energy

Transforming waste into clean energy is at the heart of a new Memorandum of Understanding (MoU) between the University of York and Garden City University. The MoU, signed at an event at Garden City University’s Hoskote campus in Bengaluru, sets out the ambition to accelerate research into green technology and sustainable agriculture.

The signing was overseen by the Mayor of York and North Yorkshire, David Skaith during his participation in the Great North trade mission to India.

The new MoU sets out the intent to begin a pilot study focused on anaerobic digestion and waste recovery systems, led by Professor James Chong, Director of the Centre of Excellence for Anaerobic Digestion (CEAD) - a research centre established between the University of York and Yorkshire Water.

Anaerobic digestion turns waste materials into renewable energy and nutrient-rich fertiliser and is seen as a crucial technology to increase the sustainability of industry and reduce carbon emissions.

The new project will create technologies that are optimised for their location, making them suitable for both British and Indian environments, and test them to recover more energy from waste, such as food waste, wastewaters, and animal slurries.

York and North Yorkshire Combined Authority (YNYCA) aims to use research from the trial to support its broader strategy to become a carbon-negative region.

Professor James Chong, Director of CEAD and Head of the University of York’s Department of Biology, said: "Turning waste into energy is a shared challenge for Yorkshire and for fast-growing regions like Karnataka.

“Our BioYorkshire initiative in the UK, alongside partners in Bengaluru, can work together to set up a real-world testing facility, providing us with a comparison of these challenges across two countries.

“This should then give us evidence on how well anaerobic digestion technologies perform and what they cost, giving businesses, governments, and investors in both countries the confidence to scale-up clean energy solutions."

Partners will work to expand high-growth sectors, including agri-tech and clean energy, whilst establishing more regular engagement between civic leaders, industry and academics in both regions.

GCU in Bengaluru has recently opened a new campus at Hoskote to the east of the city, where the pilot study will be hosted, and the University will support York experts in exploring the wider applications of anaerobic digestion research in Karnataka.

Dr Joseph V.G., Chancellor of Garden City University, said: “Waste management is a major challenge in India and across the globe, and finding sustainable solutions is a top priority. By leveraging the University of York’s pioneering research into anaerobic digestion, we aim to provide practical solutions for converting waste into clean energy.”

The pilot study will build on the work of the Centre of Excellence for Anaerobic Digestion, which forms part of the BioYorkshire programme, an initiative that aims to create jobs and boost the regional economy through green innovation.

David Skaith, Mayor of York and North Yorkshire said: “How we manage waste is a huge challenge around the world and I am proud to support the University of York’s pioneering work to tackle that.

“More than 10% of the UK's bioeconomy workforce is based in York and North Yorkshire, with thousands of businesses focused on agricultural technology to improve our environment.

“The work to connect world-leading knowledge from Bengaluru with the University of York’s advanced research will help to scale-up solutions to support our shared vision of a more sustainable future.”

Chem Ltd Announces Joint Venture With South Korea's Anytech Co To Turn Kiln Dust Into Potash

* Using Korean-Proven Carbon Utilisation Technology In India

Hughes & Hughes Chem Ltd. and South Korea's Anytech Co. have joined forces through Anytech Hughes Climate Solutions Pvt. Ltd., an Indo-Korean deep tech joint venture that will help India’s carbon-regulated industries turn CO₂ and plant waste into saleable products. Starting with cement and steel, the venture brings Korean-proven Carbon Capture and Utilisation (CCU) technology built to pay for itself, instead of burying carbon at a perpetual cost.

The launch comes as India’s carbon policy moves from guidance to legal obligation. Under the Greenhouse Gases Emission Intensity (GEI) Target Rules notified in October 2025, emission intensity is now a binding limit enforced through the Carbon Credit Trading Scheme (CCTS). The first notification covers 282 plants across aluminium, cement, chlor-alkali and pulp and paper, with cement plants required to cut intensity by roughly 4.7 to 7.6% over two years. Draft targets have also been issued for steel, fertiliser, refining, petrochemicals and textiles, and once all nine sectors are notified, around 740 entities will carry binding targets.

Cement carries the heaviest burden. Around 60% of a plant’s CO₂ comes from calcining limestone, which no fuel switch can touch, while the shift to alternative fuels has produced a growing stream of hazardous chlorine bypass system dust that is costly to store and dispose of. Steel plants, generating roughly 18.5 million tonnes of slag a year, also face the European Union’s Carbon Border Adjustment Mechanism.

Anytech Hughes treats these residues as feedstock. Its proprietary mineral carbonation process uses CO₂ from a plant’s own stack, at 15 to 20% concentration and without costly gas purification, to lock carbon permanently into stable carbonates. From cement bypass dust, it recovers potassium chloride (KCl) at 99% purity or higher, with 99.9% heavy metal removal verified by Intertek Korea, and a single installation can process up to 20,000 tonnes a year. Steel slag becomes carbonated aggregates, and fly ash becomes precipitated calcium carbonate.

Korean cement plants hit the bypass dust problem first, having adopted alternative fuels early. The process was developed there by Pyeongtaek-based Anytech with the Korea Institute of Energy Research (KIER), validated with Korea’s leading cement producers and selected into Korea’s National CCU Mega Project. It runs stably on dust with 20 to 25% chloride content, well above typical Indian levels.

“Korea’s cement industry faced exactly what Indian plants are facing now: rising alternative fuel use, a growing chloride dust problem and tightening carbon expectations, and we spent years solving it with KIER before bringing it to market. What we learned is that the technology is only half the answer; the other half is a partner who can execute on the ground. In Hughes & Hughes, we found a partner with three decades of institutional project delivery across India, and in Anytech Hughes Climate Solutions, we have built the vehicle to localise our engineering with Indian equipment, Indian teams and Indian economics. India’s new carbon framework makes this the right technology in the right market at exactly the right time,” said Mr Jae-Yeol Lee, CEO, Anytech Co., Ltd., and Director, Anytech Hughes Climate Solutions Pvt. Ltd.

Beyond compliance, a CCU installation cuts hazardous waste storage costs, creates product revenue and improves the plant’s GEI number. KCl adds strategic value, since India imports its entire potash requirement of roughly four million tonnes a year.

In April 2026, the venture signed an MoU with a leading Indian cement major for a joint bypass dust conversion facility, including a pre-purchase arrangement for the recovered KCl, and holds a KCl commercialisation agreement with UNID, a global potassium chemicals company. Engagements are also progressing with Indian steel majors on slag and energy-sector players on fly ash. Anytech contributes the engineering and reference-plant experience, while Hughes & Hughes Chem leads site assessment, installation, commissioning and operations.

Highlighting the opportunity, Mr Rajat Singhal, Managing Director, Anytech Hughes Climate Solutions Pvt. Ltd., said, “Every obligated plant in India now has two clocks running: a compliance clock, with about 40% of its reduction due in the first year, and a cost clock on every tonne of hazardous waste it stores. Our technology stops both. Storage asks a plant to pay forever for burying carbon; utilisation asks the same plant to make a product. NITI Aayog’s framework, the DST testbeds, the binding intensity targets and the ₹20,000 crore Budget outlay all point the same way: India has chosen utilisation-led decarbonisation, and we built this company for precisely that moment. Bypass dust, slag and fly ash have always been treated as something to get rid of. We want every obligated plant to start treating them as resources with real commercial value, delivered through Indian engineering, Indian equipment and Indian teams.”

Following cement and steel, the venture will take its technology to refineries, petrochemicals, aluminium, fertiliser, chlor-alkali, textiles and pulp and paper.

About Anytech Hughes Climate Solutions Pvt. Ltd.

Anytech Hughes Climate Solutions Pvt. Ltd. is an Indo-Korean deep tech joint venture between Hughes & Hughes Chem Ltd. (India) and Anytech Co. (Korea), formed to serve the challenging-to-abate sectors covered by India's CCUS policy framework and Carbon Credit Trading Scheme. It delivers industrial carbon capture and utilisation solutions that convert CO₂ and industrial by-products, cement bypass dust, steel slag, fly ash, into value-added products including potassium chloride, calcium carbonate, and carbonated aggregates. Founded in New Delhi in 1991, Hughes & Hughes Chem brings over 35 years of institutional project delivery, more than 3,000 professionals, service across 118+ railway locations, and ISO 9001:2015 and ISO 14001:2015 certifications. Pyeongtaek-based Anytech holds more than 100 registered patents.

For more information, visit anytechhughes.com.

Cybersecurity Experts Issue Advisory: Cybercriminals Target Festive Shoppers As Digital Fraud Surges

As India enters the height of the festive season marked by peak online shopping, high-volume digital transactions, and aggressive promotional sales, leading cybersecurity firm SecurEyes is urging citizens and businesses to exercise heightened vigilance. Cybercriminals are increasingly exploiting festive enthusiasm and rapid purchasing behaviors to execute sophisticated digital fraud campaigns.

Highlighting the scale and timing of these threats, Mr. Karmendra Kohli, Co-Founder & CEO of SecurEyes, warned:

"The festive season has unfortunately become a prime operational period for cybercriminals. Attackers actively exploit consumer excitement, the sudden influx of online purchases, and high-volume discount offers to deceive individuals when their guard is down. In 2025 alone, Karnataka lost over ₹2,000 crore to cyber fraud—a stark reminder of how rapidly these threats are scaling."

The Anatomy of Festive Season Scams

Scammers systematically leverage rushed decision-making during flash sales and limited-time festive deals. Utilizing convincing brand visuals, spoofed landing pages, and psychological triggers like fake urgency, bad actors lure victims across several key vectors:

Phishing Links & Fake Vouchers: SMS, email, or WhatsApp alerts offering exclusive "Festive Gift Cards" or "Mega Deals" that direct victims to credential-harvesting sites designed to steal banking logins and UPI PINs.

Fraudulent Shopping Portals: Impostor e-commerce sites mimicking legitimate retailers with deep discounts on high-value electronics and jewelry. Post-payment, the sites disappear or dispatch counterfeit goods.

Impersonation & Support Fraud: Calls or messages from individuals posing as bank officials, delivery partners, or e-commerce customer support claiming urgent account or delivery issues to extract OTPs.

QR Code Traps: Deceptive QR codes distributed under the guise of festive cashback or rewards. Scanning these codes authorizes fund transfers out of the user's account rather than receiving money.

Critical Safety Guidelines for Safe Holiday Shopping SecurEyes advises shoppers to maintain strict digital hygiene and double-check transactional channels before committing funds.

Five Essential Digital Safety Rules:

Evaluate 'Too Good to Be True' Offers: Heavy markdowns (e.g., 80–90% off premium smartphones) are strong indicators of fraudulent storefronts.

Verify Portals Directly: Avoid clicking transactional links in SMS or messaging apps. Access platforms directly through official mobile applications or genuine website URLs.

Inspect Web Security Indicators: Ensure web addresses begin with https:// and display the lock icon. Carefully check domain names for minor misspellings.

Protect Confidential Credentials: Legitimate institutions, e-commerce platforms, and banks will never contact customers asking for One-Time Passwords (OTPs), PINs, or card details.

Enable Multi-Factor Authentication (MFA): Activate two-step verification across banking, e-commerce, and primary personal accounts for secondary protection.

Commenting on the proactive stance needed to curb digital fraud, Mr. Kohli emphasized:

"Vigilance remains our strongest shield against digital threats. Cybersecurity isn't just a technical layer; it is built on simple, daily digital habits. By staying alert and verifying every transaction, we can ensure the festive season remains a time of celebration, not financial distress."

About SecurEyes

SecurEyes is a trusted global cybersecurity partner delivering specialized expertise across security assessments, managed security services, and Governance, Risk, and Compliance (GRC). The company's portfolio includes advanced software products that enable organizations to manage evolving regulatory, supervisory, and compliance mandates efficiently.

SecurEyes supports national regulatory bodies, government organizations, and major enterprises across critical infrastructure sectors. The organization is officially empanelled with CERT-In, the National Informatics Centre (NIC), and NICSI to provide accredited Information Security Auditing Services.

For more information, please visit https://secureyes.net/.

Saviynt Partners With Saint Fox To Build A Scalable, Trusted Identity Ecosystem For India

* Partnership strengthens Saviynt's presence in the Indian market and brings unified IGA, PAM, and Zero Trust capabilities to Indian enterprises

Saviynt, a global leader in AI-based identity security and governance solutions, announces a strategic partnership with Saint Fox a next-generation cybersecurity solutions provider, to drive its go-to-market strategy and execution in India.

This alliance marks a significant step in Saviynt's commitment to India as a priority growth market and reinforces its partner-first approach to co-create outcomes and value for customers.

As India undergoes rapid digital transformation, demand for intelligent identity solutions has surged across sectors. From securing hybrid IT environments to meeting evolving compliance mandates, Indian enterprises need agile and unified identity platforms. Together, Saviynt and Saint Fox will deliver an integrated suite of solutions — including Identity Governance and Administration (IGA), Privileged Access Management (PAM), Just-in-Time Access (JITA), and Identity Security Posture Management (ISPM) — combining Saviynt's cloud-native platform with Saint Fox 's local execution strength and cybersecurity delivery capabilities.

“Saint Fox is not just a new partner, we see them as a force multiplier,” said Nitin Varma, Managing Director, India and SAARC at Saviynt. “As we shape our India GTM strategy, building the right ecosystem becomes imperative. We are investing in a scalable, trusted partner ecosystem built on the foundational pillars of enablement, loyalty, and profitability — aligned solely to create meaningful outcomes for our customers. Together, as we co-create, we will help enterprises reimagine privilege, access, and trust, not around static perimeters, but around dynamic identities, transforming identity from a potential vulnerability into a competitive strength.”

Saint Fox will play a critical role in expanding Saviynt's regional reach and delivery capacity. The partnership will strengthen go-to-market efforts across key sectors such as banking, healthcare, manufacturing, and technology. It combines Saint Fox 's cybersecurity expertise with Saviynt's modern identity platform to deliver practical solutions that support industry-specific compliance, manage access throughout the employee lifecycle, and help organizations adopt Zero Trust principles effectively.

“At Saint Fox, we recognize that identity has become the new perimeter. Cyber threats continue to evolve, and identity compromise remains a common pattern in all major breaches. Further, a strategy that relies only on MFA or SSO— i.e., ‘Access Management’ — is no longer enough, as the burden of compliance and reporting continues to increase,” said Sunil Tak, Co-founder & CEO at Saint Fox. “To address these challenges for our customers, we are proud to partner with industry leader Saviynt, a true cloud-native, identity-centric platform that converges IGA, PAM, JITA, and ISPM requirements into a single, unified platform.”

With this collaboration, Saviynt and Saint Fox are doubling down on their commitment to the Indian market — creating the coverage, capacity, and capability needed to help enterprises embrace Zero Trust, streamline identity operations, and future-proof their security posture.

About Saviynt

Saviynt is the identity security platform built to secure the modern enterprise. With Zuma, its complete AI security platform, Saviynt helps organizations build, run, and scale AI with confidence. The world’s leading brands trust Saviynt to reduce risk, improve visibility, and support compliance while enabling business agility.

For more information, visit www.saviynt.com.

About Saint Fox

Saint Fox delivers comprehensive, cloud-first security and engineering solutions tailored to the evolving needs of modern businesses. Its expertise spans identity and access management, cloud infrastructure security, AI-safe environments, data governance, and threat detection. With end-to-end services built for tomorrow's challenges,

Saint Fox helps organizations build, scale, and thrive in a digital-first world. Protect relentlessly. Innovate fearlessly. Learn more at www.stfox.com. 

Nike And Mumbai Indians Announce A Multi-Year Kit Partnership

What’s happening?

Nike and Mumbai Indians, one of the most successful teams in T20 cricket across women’s and men’s competitions, are announcing a multi-year partnership that names Nike the official kit partner of both the women’s and men’s teams.

What does this mean for Nike’s presence in cricket?
The partnership marks a significant step in Nike’s continued investment in cricket and reflects the brand’s long-term commitment to athletes, fans and the future of sport in India.

When will Mumbai Indians debut their Nike kits?
Athletes and staff will begin wearing Nike team gear this month, and the women’s and men’s teams will reveal new Nike kits ahead of their upcoming seasons.

When will the new kits and team gear be available?
Fans will soon be able to experience Nike’s apparel offerings through both team kits and additional styles inspired by the identity, energy and culture of Mumbai. Additional details will be available in the coming weeks.

Nike and Mumbai Indians, one of the most successful franchises in global cricket, today announced a multi-year partnership that names Nike the official kit partner of both its women’s and men’s team in India, beginning with the 2027 season.

The partnership brings together the ambition, audacity and relentless energy of Mumbai with the leading brand in global sport, beginning a bold new chapter for the team, its athletes and the passionate Paltan fan community.

The announcement also marks a significant step in Nike’s continued investment in cricket, reflecting the brand’s long-term commitment to athletes, fans and the future of sport in India.

Nike will outfit both teams, including their coaches and technical staff, across match play, training and sportswear, bringing the brand’s innovative apparel offerings to athletes and the millions of fans who wear the Mumbai Indians’ blue and gold with pride.

“Cricket is woven into the heartbeat of India, and few teams capture its energy like Mumbai Indians,” says Tarundeep Singh, General Manager, Nike India. “The club embodies the ambition and belief that make sport so powerful. That's exactly what drew Nike to this partnership, which represents our effort to serve athletes, celebrate the game and help inspire the next generation.”

Mumbai Indians have built a legacy of identifying talent, backing potential and pursuing excellence across women’s and men’s cricket while building one of the world’s largest and most engaged fan communities. Nike and Mumbai Indians share a belief in the power of sport to unlock human potential and inspire the next generation, whether competing at the highest level or picking up a bat for the first time.

Beyond the pitch, Nike and Mumbai Indians will connect sport and culture through product and storytelling inspired by the identity of Mumbai. From the stadium to the streets, the partnership will celebrate the city’s identity and give fans new ways to express their connection to the team and the game.

“Mumbai Indians have always been about more than cricket,” says Devang Bhimjyani, Head, Reliance Sports. “We are one family — our players, our Paltan — built on nurturing talent, backing it fearlessly, and playing for a city that never stops. Nike shares our belief in athletes and in the power of sport to inspire. Together, we see an opportunity to connect cricket and culture, inspire the next generation, and take the spirit of MI and Mumbai to fans around the world."

Athletes and staff will begin wearing Nike team gear this month, and the women’s and men’s teams will reveal new Nike kits ahead of their respective 2027 seasons. Fans will soon be able to experience Nike’s apparel offerings through both team kits and additional styles inspired by the identity, energy and culture of Mumbai.

“Mumbai Indians backed me and gave me the opportunity to express myself on the big stage. Nike has been part of my journey too, so bringing these two families together feels personal,” says Tilak Varma, Nike athlete and member of the Mumbai Indians men’s team. “Wearing the MI colors with the Nike Swoosh will remind me of how far I’ve come — and how much more I want to achieve. Somewhere, there’s a kid in the nets dreaming of playing in blue and gold. I want them to see us and think, That could be me.” 

Axis Mutual Fund Launches First-Of-Its-Kind Index Fund With The Axis Nifty EV & New Age Automotive Index Fund

Photo Caption: Source: BSE/ NSE Indices/ Bloomberg/ RBI/ Axis MF Internal Research

* An open-ended index fund offering exposure to companies across the electric mobility and new-age automotive value chain

Key highlights:

Type: An open-ended scheme replicating/tracking the Nifty EV & New Age Automotive Index

Benchmark: Nifty EV & New Age Automotive TRI

New Fund Offer Period: October 16, 2026 to October 30, 2026

Fund Managers: Nandik Malik and Rohit Gautam

Minimum Application Amount: ₹100 and in multiples of ₹1 thereafter

Exit Load: 0.25% if redeemed/switched out within 15 days from the date of allotment; Nil thereafter

Axis Mutual Fund, one of India's leading mutual fund companies, announced the launch of the Axis Nifty EV & New Age Automotive Index Fund, positioned as India's first index fund tracking the Nifty EV & New Age Automotive Index. The open-ended scheme aims to replicate the performance of the Nifty EV & New Age Automotive TRI, subject to tracking error. The fund offers investors a passive investment avenue to gain exposure to companies across the evolving electric mobility and new-age automotive ecosystem. The New Fund Offer (NFO) will open on October 16, 2026 and close on October 30, 2026.

Commenting on the launch, B Gopkumar, MD & CEO, Axis AMC, said, “India's transition towards electric mobility represents a significant shift in the automotive landscape, with implications extending beyond transportation to energy security, domestic manufacturing and technological innovation. Improving EV economics, technological advancements, and supportive policy measures are further driving adoption. We believe these developments are reshaping the automotive industry and creating long-term opportunities across its supporting ecosystem.”

“At Axis Mutual Fund, our focus is on providing investors with access to emerging investment themes through simple, transparent and disciplined solutions. With the Axis Nifty EV & New Age Automotive Index Fund, we aim to offer a rules-based investment avenue that provides exposure to different segments of the automotive value chain. The launch further strengthens our passive investment offerings, enabling investors to participate in the industry's long-term development through a single fund”, he further added.

Understanding the Nifty EV & New Age Automotive Index

EV penetration in India has increased from less than 1% in FY21 to 9.4% in FY26. The Nifty EV & New Age Automotive Index represents companies involved in the development of electric vehicles and new-age automotive technologies. The index selects eligible companies from the Nifty 500 universe after applying prescribed liquidity and eligibility criteria. Its methodology covers six groups spanning vehicle manufacturers, battery makers, component manufacturers, raw material suppliers, advanced automotive technology providers and eligible companies under specified government schemes. As of September 30, 2026, large-cap companies accounted for 44% of the index, while mid-cap and small-cap companies represented 29% and 27%, respectively. The index is reconstituted and rebalanced semi-annually in March and September.

Axis Nifty EV & New Age Automotive Index Fund

The Axis Nifty EV & New Age Automotive Index Fund seeks to provide returns before expenses that correspond to the performance of the Nifty EV & New Age Automotive TRI, subject to tracking error. The scheme aims to invest in the constituents of the underlying index, providing exposure to companies operating across different parts of the electric mobility ecosystem through a single fund. Its passive investment approach is designed to reflect the composition of the benchmark, with portfolio adjustments made in line with changes to the index.

The fund offers investors an avenue to participate in the automotive industry's ongoing evolution, supported by developments in EV technology, battery economics and charging infrastructure. By following a predefined index methodology, the scheme provides exposure to the theme without requiring investors to select individual companies. It is designed for investors seeking long-term wealth creation through thematic equity exposure, while recognising the market risks associated with such investments. There is no assurance that the investment objective of the scheme will be achieved.

Note: The sectors mentioned above are used to explain the concept and is for illustration purpose only and should not be used for development or implementation of any investment strategy. It should not be construed as investment advice to any party. Past performance may or may not be sustained in future.

Disclaimer: This document represents the views of Axis Asset Management Co. Ltd. and must not be taken as the basis for an investment decision. Neither Axis Mutual Fund, Axis Mutual Fund Trustee Limited nor Axis Asset Management Company Limited, its Directors or associates shall be liable for any damages including lost revenue or lost profits that may arise from the use of the information contained herein. No representation or warranty is made as to the accuracy, completeness or fairness of the information and opinions contained herein. The material is prepared for general communication and should not be treated as research report. The data used in this material is obtained by Axis AMC from the sources which it considers reliable. The above should not be construed as an investment advise. Axis MF/AMC is not guaranteeing any returns on any investments.

While utmost care has been exercised while preparing this document, Axis AMC does not warrant the completeness or accuracy of the information and disclaims all liabilities, losses and damages arising out of the use of this information. Investors are requested to consult their financial, tax and other advisors before taking any investment decision(s). The AMC reserves the right to make modifications and alterations to this statement as may be required from time to time.

Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme.

Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.