Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

Equity
Direct
Index Funds
Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

About the Fund

Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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

  1. Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has ₹104 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has given a CAGR return of 26.56% since inception.

Holdings

Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has allocated its funds majorly in Cash Equivalent, Tech. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, Tech Mahindra Ltd, HCL Technologies Ltd, Wipro 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 benefit
Dividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.

Investment objective of Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl

To provide returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors. However, there can be no assurance or guarantee 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 IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2 people have invested ₹ 2K in Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl in the last three months

Fund Overview

Expense ratio0.29%
Benchmark
NIFTY IT TRI TR INR
AUM₹104 Cr
Inception Date14 July, 2023
Min Lumpsum/SIP₹100/₹100
Exit Load
0.25%
Lock InNo Lock-in
TurnOver
0%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.1%

  • Debt & Cash 0.9%

Large cap
85.4%

Mid cap
13.7%

Sector Allocation

May'24

Apr'24

Mar'24

Tech
100%
All changes are between Apr'24 and Jun'24

Returns for the month of Jun

  • Gainers

  • Losers

Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl Highlights

Risk meter
pointer

Very High Risk

Investors understand that their principal will be at Very High Risk
About the fund

About the fund

This fund has delivered returns of 26.56% since inception (14nd Jul 2023)
Fund Allocations

Fund Allocations

This fund has an allocation of 99.07% in Equity, 0% in Debt and 0.93% in Cash related instruments
AUM size ₹104 Cr

AUM size ₹104 Cr

This fund has AUM of ₹104 Cr which is less than its category average of ₹ 769 Cr
Expense Ratio 0.29%

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 Reinvestment Inc Dist cum Cap Wdrl is ₹13.23 as on 11-Jul-2024.
Existing (Absolute + CAGR) as on 11-Jul-2024.
Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
Absolute Returns
CAGR Returns
1 Month Returns
8.09%
8.09%
6 Month Returns
8.51%
8.51%
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 June 2024
₹104 Cr as on June 2024
Infosys Ltd(26.94%), Tata Consultancy Services Ltd(24.6%), Tech Mahindra Ltd(9.61%), HCL Technologies Ltd(9.58%), Wipro Ltd(8.77%) as on June 2024
The alpha ratio for the Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on June 2024
The alpha for Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on June 2024
The Beta for Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on June 2024
The sharpe ratio for Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl 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 Reinvestment Inc Dist cum Cap Wdrl
-
-
-
As on June 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.
The Exit load of Axis Nifty IT Index Fund Direct Reinvestment Inc Dist cum Cap Wdrl is 0.25%