Axis Nifty IT Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 10.6 as on 29-09-2023
Fund Performance
1040 people have invested ₹ 1.2Cr in Axis Nifty IT Index Fund Direct Growth in the last three months
Fund Insights
This fund expense ratio is slightly on the lower side within the category (index funds). Its expense ratio is 0.29% which is lower than the category average expense ratio of 0.31%.
About the Fund
Axis Nifty IT Index Fund Direct Growth is an equity fund. This fund was started on 14 July, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty IT Index Fund Direct Growth has ₹77 Cr worth of assets under management (AUM) as on Aug 2023 and is less than category average.
- The fund has an expense ratio 0.3.
Axis Nifty IT Index Fund Direct Growth Overview
 | 0.29% |
 Benchmark | NIFTY IT TRI TR INR |
 | ₹77 Cr |
 | 14 July, 2023 |
 | ₹100/₹100 |
 Exit Load | 0.25% |
 | No Lock-in |
 TurnOver | 0% |
Fund Distribution as on (31-Aug-23)
Size breakup
Large cap
87.1%
Mid cap
12.5%
Sector Allocation
Tech
100%
Top Holdings of Axis Nifty IT Index Fund Direct Growth as on (31-Aug-23)
Equity Holdings10
Gainers & Losers in Axis Nifty IT Index Fund Direct Growth portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Persistent Systems Ltd | 11.7% |
 Infosys Ltd | 5.1% |
 Tech Mahindra Ltd | 5.1% |
Peer Analysis
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered returns of 8.82% since inception (14nd Jul 2023)
Fund Allocations
This fund has an allocation of 99.58% in Equity, 0% in Debt and 0.42% in Cash related instruments
AUM size ₹77 Cr
This fund has AUM of ₹77 Cr which is less than its category average of ₹ 554 Cr
Expense Ratio 0.29%
This fund has an expense ratio of 0.29% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions
The current NAV of Axis Nifty IT Index Fund Direct Growth is ₹10.62 as on 29-Sep-2023.
Existing (Absolute + CAGR) as on 29-Sep-2023.
Axis Nifty IT Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 5.4% | 5.4% |
6 Month Returns | 0% | 0% |
1 Year Returns | 0% | 0% |
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.
0.29% as on August 2023
₹77 Cr as on August 2023
Infosys Ltd(27.66%), Tata Consultancy Services Ltd Shs Dematerialised(24.7%), Tech Mahindra Ltd(9.59%), Wipro Ltd(9.1%), HCL Technologies Ltd(8.91%) as on August 2023
The alpha ratio for the Axis Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty IT Index Fund Direct Growth | - | - | - |
As on August 2023
The alpha for Axis Nifty IT Index Fund Direct Growth is calculated against NIFTY IT TRI 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 IT Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty IT Index Fund Direct Growth | - | - | - |
As on August 2023
The Beta for Axis Nifty IT Index Fund Direct Growth is calculated with NIFTY IT TRI 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 IT 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 IT Index Fund Direct Growth | - | - | - |
As on August 2023
The sharpe ratio for Axis Nifty IT Index Fund Direct Growth is calculated with NIFTY IT TRI 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 IT 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 IT Index Fund Direct Growth | - | - | - |
As on August 2023
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.
The Exit load of Axis Nifty IT Index Fund Direct Growth is 0.25%