Axis Nifty Next 50 Index Fund Direct Growth

Axis Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 28 January, 2022. The fund is managed by Karthik Kumar. The fund could potentially beat inflation in the long-run.

1. Axis Nifty Next 50 Index Fund Direct Growth has ₹362 Cr worth of assets under management (AUM) as on Aug 2025 and is more than category average.
2. The fund has an expense ratio 0.2.
   

Axis Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 15.00% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -6.51% and 16.76% respectively.

Axis Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Defensive, Consumer Cyclical, Utilities, Basic Materials, Health, Energy, Real Estate, Communication, Tech. Its top holdings are InterGlobe Aviation Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Divi's Laboratories Ltd, Vedanta Ltd, Varun Beverages Ltd

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 benefit
Dividends will always be taxed at slab rate. Long term gains upto Rs 1 lakh are exempt capital gains tax.

To provide returns before expenses that closely corresponds to the total returns of the NIFTY NEXT 50 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.

Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Nifty Next 50 Index Fund Direct Growth has no lock in period.