Axis Nifty Bank Index Fund Direct Growth
Get the latest NAV of Axis Nifty Bank Index Fund Direct Growth. View historical returns compared to its benchmark and category average. Know which stocks and sectors the fund is investing in. Get an estimate of returns from the SIP and lump sum returns calculator. View detailed holding analysis and peer comparison. Get INDmoney ranking of the fund.
₹11.42
NAV as on 31 May 2025
15.27%/per year
Since Inception
▲▼
895 people have invested ₹ 23.7L in Axis Nifty Bank Index Fund Direct Growth in the last three months
Peer comparison
Axis Nifty Bank Index Fund Returns Calculator
Calculate SIP and lumpsum returns based on historical performance
Total Investment
0
Profit
Total Corpus
0
Axis Nifty Bank Index Fund Asset Allocation
See fund asset allocation details as on (13-May-25)
Fund Distribution
as on (13-May-25)
Equity 100%
Axis Nifty Bank Index Fund Sector Allocation
See fund sector allocation details as on (13-May-25)
Sector Allocation
Equity 100%
Top Sector in April was Financial Services
Financial Services
100%
Financial Services
100%
Axis Nifty Bank Index Fund Holdings Details
as on (31-May-25)
Equity
Axis Nifty Bank Index Fund Direct Growth Overview
Get key fund statistics, minimum investment details, AUM, expense ratio, exit load, and tax treatment.
| Expense ratio | 0.18% |
Benchmark | Nifty Bank TR INR |
| AUM | ₹143 Cr |
| Inception Date | 29 May, 2024 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
About Axis Nifty Bank Index Fund
Axis Nifty Bank Index Fund Direct Growth is an equity fund. This fund was started on 29 May, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty Bank Index Fund Direct Growth has ₹143 Cr worth of assets under management (AUM) as on Apr 2025 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Axis Nifty Bank Index Fund Direct Growth has given a CAGR return of 15.27% since inception. Over the last 1 year the fund has given a CAGR return of 14.20%.
Holdings
Axis Nifty Bank Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd
Taxation
As it is a index funds mutual fund the taxation is as follows:For short term (less than a year) capital gains will be taxed at 20%For long term (more than 1 year) capital gains will be taxed at 12.5% without indexation benefitDividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.
Investment objective of Axis Nifty Bank Index Fund Direct Growth
To provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Axis Nifty Bank Index Fund Direct Growth has no lock in period.
- AUM of the fund stands at 143.5 Cr as of Apr'25
- AUM increased by 10.7 Cr between Apr'25 and Mar'25
More funds from Axis
3Y CAGR
▲ 27.24
3Y CAGR
▲ 26.40
3Y CAGR
▲ 26.13
3Y CAGR
▲ 25.90
5Y CAGR
▲ 33.73
Frequently Asked Questions for Axis Nifty Bank Index Fund Direct Growth
How do I invest in Axis Nifty Bank Index Fund?
- Download the INDmoney app.
- Search for ‘Axis Nifty Bank Index Fund’.
- Select whether you want to invest in SIP or lump sum.
- Enter the amount you wish to invest.
- Set up payments via bank mandate or UPI.