Axis Nifty 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 04-10-2024
₹ 14.91
1D
Inception Returns
15.1%
/yr
About the Fund
Axis Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 3 December, 2021. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty 50 Index Fund Direct Growth has ₹533 Cr worth of assets under management (AUM) as on Aug 2024 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Axis Nifty 50 Index Fund Direct Growth has given a CAGR return of 15.13% since inception. Over the last 1 year the fund has given a CAGR return of 29.82%.
Holdings
Axis Nifty 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Cyclical, Consumer Defensive, Basic Materials, Industrial, Health, Communication, Utilities. 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 50 Index Fund Direct Growth
To provide returns before expenses that closely corresponds to the total returns of the NIFTY 50 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 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
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4632 people have invested ₹ 2Cr in Axis Nifty 50 Index Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
5
/16
50% Performance
47% Cost
5 out of 16 among Index-Nifty-50
Low tracking error in the category
No bad points found for this fund.
Fund Overview
| Expense ratio | 0.12% |
Benchmark | IISL Nifty 50 TR INR |
| AUM | ₹533 Cr |
| Inception Date | 3 December, 2021 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 13.29% |
| 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-Aug-24)
Large cap
99.2%
Mid cap
0.6%
Sector Allocation
Financial Services
32.7%
Tech
14.2%
Energy
12.7%
Consumer Cyclical
9.5%
Consumer Defensive
8.5%
Basic Materials
6.2%
Industrial
4.8%
Health
4.5%
Communication
3.8%
Utilities
3.2%
All changes are between Jun'24 and Aug'24
- This fund’s returns stands at 1.36% whereas the fund’s underlying benchmark Nifty 50 returns stands at 0.90% as on Aug'24
- This fund outperformed Nifty 50 by 0.46% in Aug'24
- AUM of the fund stands at 532.5 Cr as of Aug'24
- AUM increased by 22 Cr between Aug'24 and Jul'24
Top Stocks bought last month
Bharti Airtel Ltd's allocation increased from 3.6% to 3.8%
Infosys Ltd's allocation increased from 6.1% to 6.27%
Bajaj Auto Ltd's allocation increased from 0.97% to 1.09%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 9.21 % to 9.12 %
ICICI Bank Ltd's allocation decreased from 7.73 % to 7.73 %
Larsen & Toubro Ltd's allocation decreased from 4.03 % to 3.86 %
Mid Cap allocation has gone down from 0.7% to 0.6%
Large Cap allocation has gone up from 98.8% to 99.2%
Cash allocation has gone down from 0.3% to 0.2%
Top 3 Sectors in August were Financial Services, Tech & Energy
Aug'24
Financial Services
33%
Tech
14%
Energy
13%
Jul'24
Financial Services
33%
Tech
14%
Energy
13%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 11.01% | 3% | |
 Reliance Industries Ltd | 9.12% | 3% | |
 ICICI Bank Ltd | 7.73% | 3.1% | |
 Infosys Ltd | 6.27% | 3% | |
 ITC Ltd | 4.14% | 3% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Mahindra & Mahindra Ltd | 10.8% |
 Bharti Airtel Ltd | 6.1% |
 HDFC Bank Ltd | 0.7% |
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Shreyash Devalkar
Fund Manager of Axis Nifty 50 Index Fund Direct Growth, since 4 August 2023
Top funds managed
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.09L Cr
as on 31-Aug-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com
Axis Nifty 50 Index Fund Direct Growth Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 15.13% since inception which is less than its category average return of 20.59%
Fund Allocations
This fund has an allocation of 99.8% in Equity, 0% in Debt and 0.2% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 836 Cr
Expense Ratio 0.12%
This fund has an expense ratio of 0.12% which is less than its category average expense ratio of 0.52%
Frequently Asked Questions
The current NAV of Axis Nifty 50 Index Fund Direct Growth is ₹14.91 as on 04-Oct-2024.
Existing (Absolute + CAGR) as on 04-Oct-2024.
Axis Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -0.72% | -0.72% |
6 Month Returns | 11.82% | 11.82% |
1 Year Returns | 29.82% | 29.82% |
3 Years Returns | 0% | 0% |
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.
0.12% as on September 2024
₹533 Cr as on September 2024
HDFC Bank Ltd(11.01%), Reliance Industries Ltd(9.12%), ICICI Bank Ltd(7.73%), Infosys Ltd(6.27%), ITC Ltd(4.14%) as on September 2024
Financial Services(32.61%), Tech(14.16%), Energy(12.67%) as on September 2024
The alpha ratio for the Axis Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty 50 Index Fund Direct Growth | -0.18 | - | - |
As on September 2024
The alpha for Axis Nifty 50 Index Fund Direct Growth is calculated against IISL Nifty 50 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 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty 50 Index Fund Direct Growth | 0.99 | - | - |
As on September 2024
The Beta for Axis Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 50 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 50 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 50 Index Fund Direct Growth | 2.09 | - | - |
As on September 2024
The sharpe ratio for Axis Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 50 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 50 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 50 Index Fund Direct Growth | 10.6 | - | - |
As on September 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.
Shreyash Devalkar is the fund manager of Axis Nifty 50 Index Fund Direct Growth
The Exit load of Axis Nifty 50 Index Fund Direct Growth is 0%