Axis Nifty 100 Index Fund Direct Growth

Axis Nifty 100 Index Fund Direct Growth

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Equity
Direct
Index Funds
NAV: ₹ 19.93 as on 23-02-2024
Fund Performance
zero opening, trading, fund transfer fee
5689 people have invested ₹ 2.3Cr in Axis Nifty 100 Index Fund Direct Growth in the last three months

About the Axis Nifty 100 Index Fund Direct Growth

Axis Nifty 100 Index Fund Direct Growth is an equity fund. This fund was started on 18 October, 2019. The fund is managed by Ashish Naik. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis Nifty 100 Index Fund Direct Growth has ₹1184 Cr worth of assets under management (AUM) as on Jan 2024 and is more than category average.
  2. The fund has an expense ratio 0.2.

Axis Nifty 100 Index Fund Direct Growth Overview

Expense ratio
Expense ratio
0.21%
Benchmark
Benchmark
IISL Nifty 100 TR INR
AUM
AUM
₹1184 Cr
Inception Date
Inception Date
18 October, 2019
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
21.18%

Axis Nifty 100 Index Fund Direct Growth Distribution as on (31-Jan-24)

  • Equity 99.9%

  • Debt & Cash 0.1%

Size breakup

Large cap
98.2%
Mid cap
1.7%
Sector Allocation

Jan'24

Dec'23

Nov'23

Financial Services
30.8%
Tech
11.8%
Energy
11.7%
Consumer Defensive
10%
Consumer Cyclical
9.2%
Basic Materials
7.8%
Industrial
6.9%
Utilities
4.4%
Health
4%
Communication
2.9%
Real Estate
0.4%

Top Holdings of Axis Nifty 100 Index Fund Direct Growth as on (31-Jan-24)

  • Equity

  • Debt & Cash

Equity Holdings102
Debt Holdings1

Axis Nifty 100 Index Fund Direct Growth: Monthly Changes Updates

All changes are between Nov'23 and Jan'24
Fund Performance
Jan'24
Dec'23
Nov'23
Fund Returns
0.62%
8.48%
6.15%
Nifty 100
-0.07%
7.22%
6.02%
  • This fund’s returns stands at 0.62% whereas the fund’s underlying benchmark Nifty 100 returns stands at -0.07% as on Jan'24
  • This fund outperformed Nifty 100 by 0.70% in Jan'24
AUM Change
Parameters
Jan'24
Dec'23
Nov'23
AUM
₹ 1.2K Cr
₹ 1.2K Cr
₹ 1.1K Cr
  • AUM of the fund stands at 1.2K Cr as of Jan'24
  • AUM increased by 21.9 Cr between Jan'24 and Dec'23
Fund Portfolio Changes

Gainers & Losers in Axis Nifty 100 Index Fund Direct Growth portfolio Returns for the month of Jan

Axis Nifty 100 Index Fund Direct Growth Fund Manager

Ashish Naik
Ashish Naik
Fund Manager of Axis Nifty 100 Index Fund Direct Growth, since 18 October 2019

Axis Nifty 100 Index Fund Direct Growth Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered an average annual returns of 17.18% since inception which is less than its category average return of 21.45%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.93% in Equity, 0% in Debt and 0.07% in Cash related instruments
AUM size ₹1184 Cr

AUM size ₹1184 Cr

This fund has AUM of ₹1184 Cr which is more than its category average of ₹ 662 Cr
Expense Ratio 0.21%

Expense Ratio 0.21%

This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.51%

Frequently Asked Questions

The current NAV of Axis Nifty 100 Index Fund Direct Growth is ₹19.93 as on 23-Feb-2024.
Existing (Absolute + CAGR) as on 23-Feb-2024.
Axis Nifty 100 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
5.81%
5.81%
6 Month Returns
17.63%
17.63%
1 Year Returns
32.58%
32.58%
3 Years Returns
57.21%
16.28%
5 Years Returns
0%
0%
With INDmoney, the process of investing is very simple and involves zero commission.
  • Click Buy on the fund name.
  • Input the amount you are looking to invest.
  • Select Lump Sum or SIP (Weekly, Monthly or Quarterly).
  • Select your bank account and proceed with Payment.
0.21% as on January 2024
₹1184 Cr as on January 2024
HDFC Bank Ltd(9.62%), Reliance Industries Ltd(8.45%), ICICI Bank Ltd(6.31%), Infosys Ltd(5.19%), Larsen & Toubro Ltd(3.6%) as on January 2024
Financial Services(30.79%), Tech(11.8%), Energy(11.74%) as on January 2024
The alpha ratio for the Axis Nifty 100 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Nifty 100 Index Fund Direct Growth
-0.2
-0.25
-
As on January 2024
The alpha for Axis Nifty 100 Index Fund Direct Growth is calculated against IISL Nifty 100 TR INR. Higher alpha indicates that this fund has generated extra returns compared to the benchmark index. An alpha of 1.0 means the fund has outperformed its benchmark index by 1%.
The Beta ratio for the Axis Nifty 100 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Nifty 100 Index Fund Direct Growth
1
1
-
As on January 2024
The Beta for Axis Nifty 100 Index Fund Direct Growth is calculated with IISL Nifty 100 TR INR. Beta tells the volatility of the mutual fund relative to its benchmark. If the beta of a mutual fund is more than 1, then the mutual fund is more volatile than its benchmark. If beta is less than 1, then the mutual fund is less volatile than the benchmark.
The sharpe ratio for the Axis Nifty 100 Index Fund Direct Growth for various period is as follows:
Fund Name
Sharpe Ratio 1 Year
Sharpe Ratio 3 Years
Sharpe Ratio 5 Years
Axis Nifty 100 Index Fund Direct Growth
1.43
0.92
-
As on January 2024
The sharpe ratio for Axis Nifty 100 Index Fund Direct Growth is calculated with IISL Nifty 100 TR INR. Sharpe ratio tells risk-adjusted-returns of the mutual fund. The higher a fund's Sharpe ratio, the better a fund's returns have been relative to the risk it has taken on.
The standard deviation for the Axis Nifty 100 Index Fund Direct Growth for various period is as follows:
Fund Name
Standard Deviation 1 Year
Standard Deviation 3 Years
Standard Deviation 5 Years
Axis Nifty 100 Index Fund Direct Growth
12.23
13.59
-
As on January 2024
Standard deviation tells the volatility of the returns of the mutual fund. The higher a fund's Standard deviation, the higher the volatility of the fund's returns.
Sortino ratio is 1.76 as on January 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ashish Naik is the fund manager of Axis Nifty 100 Index Fund Direct Growth
The Exit load of Axis Nifty 100 Index Fund Direct Growth is 0%