Axis Nifty 500 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 12-12-2024
₹ 10.08
1D
Inception Returns
0.8%
/yr
About Axis Nifty 500 Index Fund Direct Growth
Axis Nifty 500 Index Fund Direct Growth is an equity fund. This fund was started on 12 July, 2024. The fund is managed by Sachin Relekar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty 500 Index Fund Direct Growth has ₹228 Cr worth of assets under management (AUM) as on Oct 2024 and is less than category average.
- The fund has an expense ratio 0.1.
Returns
Axis Nifty 500 Index Fund Direct Growth has given a CAGR return of 0.79% since inception.
Holdings
Axis Nifty 500 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Tech, Consumer Cyclical, Basic Materials, Energy, Consumer Defensive, Health, Utilities, Communication, Real Estate. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries 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 500 Index Fund Direct Growth
To provide returns before expenses that closely correspond to the total returns of the Nifty 500 TRI, subject to tracking errors. There is 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 500 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Axis Nifty 500 Index Fund Direct Growth Overview
| Expense ratio | 0.1% |
Benchmark | IISL Nifty 500 TR INR |
| AUM | ₹228 Cr |
| Inception Date | 12 July, 2024 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 0% |
| STCG | Selling mutual fund 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-Oct-24)
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 7.1% | -8.2% | |
 ICICI Bank Ltd | 4.9% | -8.8% | |
 Reliance Industries Ltd | 4.87% | -8.7% | |
 Infosys Ltd | 3.41% | -9.3% | |
 ITC Ltd | 2.45% | -8.1% |
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 8.4% |
 Infosys Ltd | 5.6% |
 Tata Consultancy Services Ltd | 5.5% |
Axis Nifty 500 Index Fund Direct Growth Highlights
Very High Risk
About the fund
Fund Allocations
AUM size ₹228 Cr
Expense Ratio 0.1%
Frequently Asked Questions for Axis Nifty 500 Index Fund Direct Growth
Axis Nifty 500 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 4.15% | 4.15% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
3 Years Returns | 0% | 0% |
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.
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