Axis Nifty Smallcap 50 Index Fund Direct Growth

Axis Nifty Smallcap 50 Index Fund Direct Growth is an equity fund. This fund was started on 10 March, 2022. The fund is managed by Karthik Kumar. The fund could potentially beat inflation in the long-run.

1. Axis Nifty Smallcap 50 Index Fund Direct Growth has ₹522 Cr worth of assets under management (AUM) as on Jul 2025 and is more than category average.
2. The fund has an expense ratio 0.3.
   

Axis Nifty Smallcap 50 Index Fund Direct Growth has given a CAGR return of 18.69% since inception. Over the last 1 and 3 years the fund has given a CAGR return of -2.17% and 24.99% respectively.

Axis Nifty Smallcap 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Health, Basic Materials, Tech, Consumer Cyclical, Utilities, Consumer Defensive, Energy, Real Estate, Communication. Its top holdings are Multi Commodity Exchange of India Ltd, Laurus Labs Ltd, Central Depository Services (India) Ltd, Delhivery Ltd, Radico Khaitan 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 SMALLCAP 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 Smallcap 50 Index Fund Direct Growth has no lock in period.