A new offering from Axis Mutual Fund, the Income Plus Arbitrage Passive Fund of Fund, opened for subscription with the goal of blending fixed-income stability and equity arbitrage opportunities. The scheme seeks consistent, tax-efficient returns by investing primarily in passive debt ETFs and short-term arbitrage positions. Fund managers said the mix aims to reduce volatility while preserving liquidity. Analysts noted that the product expands Axis MF’s hybrid suite at a time when investors are shifting toward balanced, low-risk strategies amid steady rate conditions and uncertain equity valuations.