Axis Nifty Next 50 Index Fund Direct Growth

Axis Nifty Next 50 Index Fund Direct Growth

Equity

Direct

Index Funds

NAV as on 13-11-2024

₹ 16.45

-2%

1D

Inception Returns

19.5%

/yr

About Axis Nifty Next 50 Index Fund Direct Growth

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 ₹294 Cr worth of assets under management (AUM) as on Sep 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.

Returns

Axis Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 19.51% since inception. Over the last 1 year the fund has given a CAGR return of 45.94%.

Holdings

Axis Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Basic Materials, Utilities, Consumer Cyclical, Consumer Defensive, Health, Energy, Real Estate, Communication, Tech. Its top holdings are Vedanta Ltd, Hindustan Aeronautics Ltd Ordinary Shares, InterGlobe Aviation Ltd, 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.

Historical NAV & Returns

Annualised

zero opening, trading, fund transfer fee
4665 people have invested ₹ 3.6Cr in Axis Nifty Next 50 Index Fund Direct Growth in the last three months

INDmoney Rank for Axis Nifty Next 50 Index Fund Direct Growth

Powered by IND quant engine
9
/12
33% Performance
46% Cost
9 out of 12 among Index-Nifty-Next-50

Axis Nifty Next 50 Index Fund Direct Growth Overview

Expense ratio0.25%
Benchmark
IISL Nifty Next 50 TR INR
AUM₹294 Cr
Inception Date28 January, 2022
Min Lumpsum/SIP₹100/₹100
Exit Load0%
Lock InNo Lock-in
TurnOver
39.02%
STCGRedeeming before 1 year, returns taxed at 20%.
LTCGAfter 1 year, 12.5% tax on returns over ₹1.25 lakh/year.
Risk
Risk meter
pointer
Very High Risk

Fund Distribution

as on (30-Sep-24)

  • Equity 99.6%

  • Debt & Cash 0.4%

Large cap
91.2%

Mid cap
8.4%

Sector Allocation

Sep'24

Aug'24

Jul'24

Financial Services
22.4%
Industrial
18.8%
Basic Materials
12.2%
Utilities
10%
Consumer Cyclical
9.6%
Consumer Defensive
8.3%
Health
6.2%
Energy
3.3%
Real Estate
3.2%
Communication
3.1%
Tech
2.8%
All changes are between Jul'24 and Sep'24
Sep'24
Aug'24
Jul'24
Fund Returns
2.33%
0.77%
4.62%
Nifty Next 50
2.11%
0.90%
3.35%
  • This fund’s returns stands at 2.33% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 2.11% as on Sep'24
  • This fund outperformed Nifty Next 50 by 0.23% in Sep'24
Parameters
Sep'24
Aug'24
Jul'24
AUM
₹ 293.7 Cr
₹ 287.8 Cr
₹ 271.3 Cr
  • AUM of the fund stands at 293.7 Cr as of Sep'24
  • AUM increased by 5.9 Cr between Sep'24 and Aug'24
Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.96% to 4.07%
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 2.96% to 4.07%
Vedanta Ltd's allocation increased from 3.4% to 4.22%
Vedanta Ltd's allocation increased from 3.4% to 4.22%
Tata Power Co Ltd's allocation increased from 3.18% to 3.95%
Tata Power Co Ltd's allocation increased from 3.18% to 3.95%
Top Stocks sold last month
Power Finance Corp Ltd's allocation decreased from 3.45 % to 3.44 %
Power Finance Corp Ltd's allocation decreased from 3.45 % to 3.44 %
Zomato Ltd's allocation decreased from 2.18 % to 1.93 %
Zomato Ltd's allocation decreased from 2.18 % to 1.93 %
Jio Financial Services Ltd's allocation decreased from 1.49 % to 1.31 %
Jio Financial Services Ltd's allocation decreased from 1.49 % to 1.31 %
Mid Cap allocation has gone down from 10.6% to 8.4%
Mid Cap allocation has gone down from 10.6% to 8.4%
Large Cap allocation has gone up from 88.8% to 91.2%
Large Cap allocation has gone up from 88.8% to 91.2%
Cash allocation has gone down from 0.6% to 0.4%
Cash allocation has gone down from 0.6% to 0.4%

Top 3 Sectors in September were Financial Services, Industrial & Consumer Cyclical

Sep'24
Financial Services
22%
Industrial
19%
Basic Materials
12%
Aug'24
Financial Services
22%
Industrial
20%
Consumer Cyclical
15%
  • Gainers

  • Losers

Top Growth Drivers
1M Return
Bank of Baroda
Bank of Baroda
3.3%
Fund
Sep'24
Aug'24
Jul'24
No of Holdings
52
52
52
Top 5 Company Concentration
19.7%
22.1%
21.6%
Company having highest exposure
Vedanta Ltd (4.2%)
Trent Ltd (6.8%)
Trent Ltd (5.6%)
No of Sectors
11
10
10
Top 5 Sectors Concentration
73.1%
81%
80.6%
Sector having highest exposure
Financial Services (22.4%)
Financial Services (21.9%)
Financial Services (22.3%)
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Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Nifty Next 50 Index Fund Direct Growth, since 4 August 2023
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.14L Cr
as on 30-Sep-2024
Address
Axis Asset Management Company Ltd.,Axis House, 1st Floor, C-2, Wadia International Centre,,Pandurang Budhkar Marg, Worli,
Phone
+912243255161
Website
customerservice@axismf.com

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 19.51% since inception which is more than its category average return of 13.83%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.59% in Equity, 0% in Debt and 0.41% in Cash related instruments
AUM size ₹294 Cr

AUM size ₹294 Cr

This fund has AUM of ₹294 Cr which is less than its category average of ₹ 832 Cr
Expense Ratio 0.25%

Expense Ratio 0.25%

This fund has an expense ratio of 0.25% which is less than its category average expense ratio of 0.51%

Frequently Asked Questions for Axis Nifty Next 50 Index Fund Direct Growth

The current NAV of Axis Nifty Next 50 Index Fund Direct Growth is ₹16.45 as on 13-Nov-2024.
Existing (Absolute + CAGR) as on 13-Nov-2024.
Axis Nifty Next 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
-10.89%
-10.89%
6 Month Returns
4.32%
4.32%
1 Year Returns
45.94%
45.94%
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.
0.25% as on October 2024
₹294 Cr as on October 2024
Vedanta Ltd(4.22%), Hindustan Aeronautics Ltd Ordinary Shares(4.07%), InterGlobe Aviation Ltd(4.02%), Tata Power Co Ltd(3.95%), Power Finance Corp Ltd(3.44%) as on October 2024
Financial Services(22.29%), Industrial(18.77%), Basic Materials(12.19%) as on October 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
-0.37
-
-
As on October 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 October 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
2.37
-
-
As on October 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
17.64
-
-
As on October 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%