Axis Nifty 100 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 06-09-2024
₹ 22.85
1D
Inception Returns
18.4%
/yr
About the Fund
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
- Axis Nifty 100 Index Fund Direct Growth has ₹1651 Cr worth of assets under management (AUM) as on Jul 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
Axis Nifty 100 Index Fund Direct Growth has given a CAGR return of 18.43% since inception. Over the last 1 and 3 years the fund has given a CAGR return of 33.39% and 14.74% respectively.
Holdings
Axis Nifty 100 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Energy, Consumer Defensive, Industrial, Basic Materials, Utilities, Health, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, Reliance Industries Ltd, ICICI Bank Ltd, Infosys Ltd, ITC 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 15%For long term (more than 1 year) capital gains will be taxed at 10% without indexation benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Axis Nifty 100 Index Fund Direct Growth
To provide returns before expenses that closely corresponds to the total returns of the NIFTY 100 subject to tracking errors. However, there can be 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 100.00 and for SIP is INR 100.00. Axis Nifty 100 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Fund Overview
| Expense ratio | 0.21% |
Benchmark | IISL Nifty 100 TR INR |
| AUM | ₹1651 Cr |
| Inception Date | 18 October, 2019 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 21.96% |
| STCG | Redeeming 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 |
Fund Distribution
as on (31-Jul-24)
- This fund’s returns stands at 4.11% whereas the fund’s underlying benchmark Nifty 100 returns stands at 3.35% as on Jul'24
- This fund outperformed Nifty 100 by 0.76% in Jul'24
- AUM of the fund stands at 1.7K Cr as of Jul'24
- AUM increased by 93.6 Cr between Jul'24 and Jun'24
Top 3 Sectors in July were Financial Services, Energy & Consumer Cyclical
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 8.8% | 1.9% | |
 Reliance Industries Ltd | 7.37% | 1.7% | |
 ICICI Bank Ltd | 6.18% | 2% | |
 Infosys Ltd | 4.87% | 2.3% | |
 ITC Ltd | 3.3% | 3.7% |
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 37.3% |
 Infosys Ltd | 10.4% |
 Bharti Airtel Ltd | 7.2% |
Axis Nifty 100 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹0 Cr
Expense Ratio 0.21%
Frequently Asked Questions
Axis Nifty 100 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.09% | 4.09% |
6 Month Returns | 13.39% | 13.39% |
1 Year Returns | 33.39% | 33.39% |
3 Years Returns | 51.05% | 14.74% |
5 Years Returns | 0% | 0% |
- 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.
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty 100 Index Fund Direct Growth | -0.31 | -0.2 | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty 100 Index Fund Direct Growth | 1 | 1 | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Nifty 100 Index Fund Direct Growth | 2.46 | 0.78 | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Nifty 100 Index Fund Direct Growth | 10.63 | 12.6 | - |