Axis Nifty Next 50 Index Fund Direct Growth

Equity
Direct
Index Funds
Axis Nifty Next 50 Index Fund Direct Growth

About the Fund

Axis Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 28 January, 2022. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis Nifty Next 50 Index Fund Direct Growth has ₹244 Cr worth of assets under management (AUM) as on Jun 2024 and is less than category average.
  2. The fund has an expense ratio 0.2.

Returns

Axis Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 25.48% since inception. Over the last 1 year the fund has given a CAGR return of 62.58%.

Holdings

Axis Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Energy, Real Estate, Communication, Health. Its top holdings are Trent Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Tata Power Co Ltd, Power Finance Corp 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 Next 50 Index Fund Direct Growth

To provide returns before expenses that closely corresponds to the total returns of the NIFTY NEXT 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 Next 50 Index Fund Direct Growth has no lock in period.

Fund Performance
zero opening, trading, fund transfer fee
2679 people have invested ₹ 3.4Cr in Axis Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank

Powered by IND quant engine
7
/12
34% Performance
50% Cost
7 out of 12 among Index-Nifty-Next-50

Fund Overview

Expense ratio0.23%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹244 Cr
Inception Date28 January, 2022
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
49.55%
Risk
Risk meter
pointer
Very High Risk

Fund Distribution
as on (30-Jun-24)

  • Equity 99.5%

  • Debt & Cash 0.5%

Large cap
89.1%
Mid cap
10.5%
Sector Allocation

Jun'24

May'24

Apr'24

Financial Services
22.7%
Industrial
22%
Basic Materials
12.8%
Consumer Cyclical
12.1%
Consumer Defensive
10.9%
Utilities
9.3%
Energy
3%
Real Estate
2.6%
Health
2.5%
Communication
2.2%
All changes are between Apr'24 and Jun'24

as on (30-Jun-24)

  • Equity

Holdings
Weight%
1M Change
Trent Ltd
Trent Ltd
5.53%
15%
Bharat Electronics Ltd
Bharat Electronics Ltd
5.02%
15.1%
Hindustan Aeronautics Ltd Ordinary Shares
Hindustan Aeronautics Ltd Ordinary Shares
4.51%
15%
Tata Power Co Ltd
Tata Power Co Ltd
3.42%
15.2%
Power Finance Corp Ltd
Power Finance Corp Ltd
3.22%
15.2%
See all

  • Returns %

  • Fund Ratios

  • Overview

Funds
1Y Returns
3Y Returns
5Y Returns
Since Inception
Axis Nifty Next 50 Index Fund Direct Growth
Axis Nifty Next 50 Index Fund Direct Growth
62.6%
-
-
25.5%
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund Direct Growth
66.9%
18.5%
-
25.4%
UTI Nifty Next 50 Index Fund Direct Growth
UTI Nifty Next 50 Index Fund Direct Growth
63%
22.8%
23%
17.3%
Aditya Birla Sun Life Nifty Midcap 150 Index Fund Direct Growth
Aditya Birla Sun Life Nifty Midcap 150 Index Fund Direct Growth
54.4%
27.3%
-
29.9%
See all

Returns for the month of Jun

  • Gainers

  • Losers

Top Growth Drivers
1M Return
Info Edge (India) Ltd
Info Edge (India) Ltd
4.6%
Samvardhana Motherson International Ltd
2.4%

Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Nifty Next 50 Index Fund Direct Growth, since 4 August 2023
Top funds managed
Scheme
Annualised Returns(3Y)
Category Returns(3Y)
Axis Midcap Fund Direct Plan Growth
21.43%
24.91%
Axis Bluechip Fund Direct Plan Growth
12.6%
17.88%
Axis ELSS Tax Saver Fund Direct Plan Growth Option
11.59%
19.51%

Axis Nifty Next 50 Index Fund Direct Growth 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 an average annual returns of 25.48% since inception which is more than its category average return of 22.95%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.51% in Equity, 0% in Debt and 0.49% in Cash related instruments
AUM size ₹244 Cr

AUM size ₹244 Cr

This fund has AUM of ₹244 Cr which is less than its category average of ₹ 794 Cr
Expense Ratio 0.23%

Expense Ratio 0.23%

This fund has an expense ratio of 0.23% which is less than its category average expense ratio of 0.54%

Frequently Asked Questions

The current NAV of Axis Nifty Next 50 Index Fund Direct Growth is ₹17.67 as on 25-Jul-2024.
Existing (Absolute + CAGR) as on 25-Jul-2024.
Axis Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.35%
0.35%
6 Month Returns
32.42%
32.42%
1 Year Returns
62.58%
62.58%
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.
0.23% as on June 2024
₹244 Cr as on June 2024
Trent Ltd(5.53%), Bharat Electronics Ltd(5.02%), Hindustan Aeronautics Ltd Ordinary Shares(4.51%), Tata Power Co Ltd(3.42%), Power Finance Corp Ltd(3.22%) as on June 2024
Financial Services(21.84%), Industrial(21.41%), Consumer Cyclical(13.57%) as on June 2024
The alpha ratio for the Axis Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Nifty Next 50 Index Fund Direct Growth
-0.38
-
-
As on June 2024
The alpha for Axis Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Nifty Next 50 Index Fund Direct Growth
0.99
-
-
As on June 2024
The Beta for Axis Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 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 Next 50 Index Fund Direct Growth
3.18
-
-
As on June 2024
The sharpe ratio for Axis Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 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 Next 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 Next 50 Index Fund Direct Growth
13.87
-
-
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.
Shreyash Devalkar is the fund manager of Axis Nifty Next 50 Index Fund Direct Growth
The Exit load of Axis Nifty Next 50 Index Fund Direct Growth is 0%