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Fund Overview

Fund Size

Fund Size

₹123 Cr

Expense Ratio

Expense Ratio

0.97%

ISIN

ISIN

INF846K012W4

Minimum SIP

Minimum SIP

₹100

Exit Load

Exit Load

No Charges

Inception Date

Inception Date

29 May 2024

About this fund

This fund has been in existence for 6 months and 8 days, having been launched on 29-May-24.
As of 06-Dec-24, it has a Net Asset Value (NAV) of ₹10.89, Assets Under Management (AUM) of 123.29 Crores, and an expense ratio of 0.97%.
  • Axis Nifty Bank Index Fund Regular Growth has given a CAGR return of 10.01% since inception.
  • The fund's asset allocation comprises around 99.89% in equities, 0.00% in debts, and 0.11% in cash & cash equivalents.
  • You can start investing in Axis Nifty Bank Index Fund Regular Growth with a SIP of ₹100 or a Lumpsum investment of ₹500.

Performance against Category Average

In this section, we compare the returns of the scheme with the category average over various periods. Periods for which the fund has outperformed its category average are marked in green, otherwise red.

Since Inception

+10.01%

(Cat Avg.)

Portfolio Summaryas of 31st October 2024

Equity123.16 Cr99.89%
Others0.13 Cr0.11%

Top Holdings

All Holdings

Equity

Debt & Others

NameType sortAmount sortHoldings sort
HDFC Bank LtdEquity35.4 Cr28.72%
ICICI Bank LtdEquity30.39 Cr24.65%
State Bank of IndiaEquity12.46 Cr10.11%
Axis Bank LtdEquity11.02 Cr8.94%
Kotak Mahindra Bank LtdEquity10.98 Cr8.90%
IndusInd Bank LtdEquity5.2 Cr4.22%
The Federal Bank LtdEquity3.72 Cr3.01%
Bank of BarodaEquity3.48 Cr2.82%
IDFC First Bank LtdEquity3.22 Cr2.61%
Canara BankEquity2.58 Cr2.09%
AU Small Finance Bank LtdEquity2.55 Cr2.07%
Punjab National BankEquity2.16 Cr1.75%
Clearing Corporation Of India LtdCash - Repurchase Agreement0.31 Cr0.25%
Net Receivables / (Payables)Cash-0.18 Cr0.14%

Allocation By Market Cap (Equity)

Large Cap Stocks

92.19%

Mid Cap Stocks

7.70%

Small Cap Stocks

--

Other Allocation

Equity Sector

Debt & Others

SectorAmount sortHoldings sort
Financial Services123.16 Cr99.89%

Risk & Performance Ratios

Standard Deviation

This fund

--

Cat. avg.

--

Lower the better

Sharpe Ratio

This fund

--

Cat. avg.

--

Higher the better

Sortino Ratio

This fund

--

Cat. avg.

--

Higher the better

Fund Managers

Ashish Naik

Ashish Naik

Since May 2024

KK

Karthik Kumar

Since May 2024

Additional Scheme Detailsas of 31st October 2024

ISIN
INF846K012W4
Expense Ratio
0.97%
Exit Load
No Charges
Fund Size
₹123 Cr
Age
6 months
Lumpsum Minimum
₹500
Fund Status
Open Ended Investment Company
Benchmark
Nifty Bank TR INR

Investment ObjectiveInvestment Objective

To seek to generate long-term capital growth from an actively managed portfolio primarily of Equity and Equity Related Securities. Scheme shall invest in Indian equities,foreign equities and related instruments and debt securities.

Tax Treatment

iconCapital Gains Taxation:

iconDividend Taxation:

info icon

Note: As per the Income Tax Budget 2024, mutual funds are subject to capital gains taxation, which includes surcharge and cess based on prevailing income tax rules and the investor’s income. Taxation applies only to realised gains, not notional gains. Please consult your tax advisors to determine the implications or consequences of your investments in such securities.

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Fund nameExpense RatioExit LoadFund size
1Y
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0.3%0.0%₹565.80 Cr32.2%
ICICI Prudential Nifty Midcap 150 Index Fund Regular Growth

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0.9%0.0%₹565.80 Cr31.4%
ICICI Prudential Nifty 200 Momentum 30 Index Fund Regular Growth

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1.0%0.0%₹471.41 Cr33.5%
SBI Nifty Midcap 150 Index Fund Regular Growth

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DSP Nifty 50 Equal Weight Index Fund Regular Growth

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0.9%0.0%₹1886.93 Cr19.2%
SBI Nifty Smallcap 250 Index Fund Direct Growth

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0.4%0.0%₹1190.98 Cr35.2%
SBI Nifty Midcap 150 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹670.31 Cr32.3%
ICICI Prudential Nifty 200 Momentum 30 Index Fund Direct Growth

Very High Risk

0.4%0.0%₹471.41 Cr34.3%
DSP Nifty 50 Equal Weight Index Fund Direct Growth

Very High Risk

0.4%0.0%₹1886.93 Cr19.9%
SBI Nifty Smallcap 250 Index Fund Regular Growth

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1.0%0.0%₹1190.98 Cr34.3%

Risk Level

Your principal amount will be at Very High Risk

Very High Risk
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The NAV of Axis Nifty Bank Index Fund Regular Growth, as of 06-Dec-2024, is ₹10.89.
The fund's allocation of assets is distributed as 99.89% in equities, 0.00% in bonds, and 0.11% in cash and cash equivalents.
The fund managers responsible for Axis Nifty Bank Index Fund Regular Growth are:-
  1. Ashish Naik
  2. Karthik Kumar