Axis Nifty 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 13.12 as on 16-04-2024
Fund Performance
3150 people have invested ₹ 1.8Cr in Axis Nifty 50 Index Fund Direct Growth in the last three months
INDmoney Rank of Axis Nifty 50 Index Fund Direct Growth
Powered by IND quant engine
2
/16
56% Performance
56% Cost
2 out of 16 among Index-Nifty-50
Pros
Low tracking error in the category
Cons
No bad points found for this fund.
About the Axis Nifty 50 Index Fund Direct Growth
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 ₹432 Cr worth of assets under management (AUM) as on Mar 2024 and is less than category average.
- The fund has an expense ratio 0.1.
Axis Nifty 50 Index Fund Direct Growth Overview
 | 0.12% |
 Benchmark | IISL Nifty 50 TR INR |
 | ₹432 Cr |
 | 3 December, 2021 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 9.19% |
Axis Nifty 50 Index Fund Direct Growth Distribution as on (31-Mar-24)
Size breakup
Large cap
98.5%
Mid cap
0.6%
Sector Allocation
Financial Services
33.5%
Energy
13.7%
Tech
13.1%
Consumer Cyclical
9.2%
Consumer Defensive
8.2%
Basic Materials
6.3%
Industrial
5.5%
Health
4.4%
Communication
3.2%
Utilities
2.9%
Top Holdings of Axis Nifty 50 Index Fund Direct Growth as on (31-Mar-24)
Equity Holdings50
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 10.99% | 4.9% | |
 Reliance Industries Ltd | 10.14% | 4.8% | |
 ICICI Bank Ltd | 7.75% | 5% | |
 Infosys Ltd | 5.4% | 4.8% | |
 Larsen & Toubro Ltd | 4.49% | 4.9% |
See all
Axis Nifty 50 Index Fund Direct Growth: Monthly Changes Updates
All changes are between Jan'24 and Mar'24
Fund Performance
- This fund’s returns stands at 1.55% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.05% as on Mar'24
- This fund outperformed Nifty 50 by 1.60% in Mar'24
AUM Change
- AUM of the fund stands at 431.5 Cr as of Mar'24
- AUM increased by 30.8 Cr between Mar'24 and Feb'24
Fund Portfolio Changes
Gainers & Losers in Axis Nifty 50 Index Fund Direct Growth portfolio Returns for the month of Mar
Top Growth Drivers | 1M Return |
|---|---|
 Bajaj Finance Ltd | 12% |
 Bharti Airtel Ltd | 4.9% |
 ITC Ltd | 1.8% |
Top Losers | 1M Return |
|---|---|
 Infosys Ltd | -7.9% |
 Tata Consultancy Services Ltd | -3.6% |
 Axis Bank Ltd | -0.6% |
Peer Analysis
Axis Nifty 50 Index Fund Direct Growth Fund Manager
Shreyash Devalkar
Fund Manager of Axis Nifty 50 Index Fund Direct Growth, since 4 August 2023
Top funds managed
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 12.14% since inception which is less than its category average return of 19.06%
Fund Allocations
This fund has an allocation of 99.12% in Equity, 0% in Debt and 0.88% in Cash related instruments
AUM size ₹432 Cr
This fund has AUM of ₹432 Cr which is less than its category average of ₹ 683 Cr
Expense Ratio 0.12%
This fund has an expense ratio of 0.12% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Axis Nifty 50 Index Fund Direct Growth is ₹13.12 as on 16-Apr-2024.
Existing (Absolute + CAGR) as on 16-Apr-2024.
Axis Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.55% | 0.55% |
6 Month Returns | 12.52% | 12.52% |
1 Year Returns | 25.37% | 25.37% |
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 March 2024
₹432 Cr as on March 2024
HDFC Bank Ltd(10.99%), Reliance Industries Ltd(10.14%), ICICI Bank Ltd(7.75%), Infosys Ltd(5.4%), Larsen & Toubro Ltd(4.49%) as on March 2024
Financial Services(33.21%), Energy(13.62%), Tech(12.95%) as on March 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 | -0.13 | - | - |
As on March 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 | 1 | - | - |
As on March 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 | 1.91 | - | - |
As on March 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 | 10.51 | - | - |
As on March 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%