Axis Nifty Smallcap 50 Index Fund Direct Growth

Axis Nifty Smallcap 50 Index Fund Direct Growth

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Index Funds
NAV: ₹ 16.64 as on 28-05-2024

About the Fund

Axis Nifty Smallcap 50 Index Fund Direct Growth is an equity fund. This fund was started on 10 March, 2022. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.

Key Parameters

  1. Axis Nifty Smallcap 50 Index Fund Direct Growth has ₹293 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
  2. The fund has an expense ratio 0.3.
Fund Performance
zero opening, trading, fund transfer fee
17601 people have invested ₹ 7.7Cr in Axis Nifty Smallcap 50 Index Fund Direct Growth in the last three months

Overview

Expense ratio
Expense ratio
0.25%
Benchmark
Benchmark
IISL NIFTY Smallcap 50 TR INR
AUM
AUM
₹293 Cr
Inception Date
Inception Date
10 March, 2022
Min Lumpsum/SIP
Min Lumpsum/SIP
₹100/₹100
Exit Load
Exit Load
0%
Lock In
Lock In
No Lock-in
TurnOver
TurnOver
60.84%

Axis Nifty Smallcap 50 Index Fund Direct Growth Distribution as on (30-Apr-24)

  • Equity 99.4%

  • Debt & Cash 0.6%

Size breakup

Small cap
87.1%
Mid cap
12.3%
Sector Allocation

Apr'24

Mar'24

Feb'24

Financial Services
33.8%
Industrial
17%
Tech
12.9%
Basic Materials
9.2%
Consumer Cyclical
8.3%
Health
7.3%
Utilities
4.4%
Communication
3%
Consumer Defensive
2.3%
Energy
1.8%

Top Holdings of Axis Nifty Smallcap 50 Index Fund Direct Growth as on (30-Apr-24)

  • Equity

Equity Holdings51

Monthly Changes Updates

All changes are between Feb'24 and Apr'24
Fund Performance
Apr'24
Mar'24
Feb'24
Fund Returns
11.78%
-4.43%
-1.02%
Nifty Smallcap 50
0.64%
-0.05%
1.32%
  • This fund’s returns stands at 11.78% whereas the fund’s underlying benchmark Nifty Smallcap 50 returns stands at 0.64% as on Apr'24
  • This fund outperformed Nifty Smallcap 50 by 11.15% in Apr'24
AUM Change
Parameters
Apr'24
Mar'24
Feb'24
AUM
₹ 293.2 Cr
₹ 240.8 Cr
₹ 248.4 Cr
  • AUM of the fund stands at 293.2 Cr as of Apr'24
  • AUM increased by 52.3 Cr between Apr'24 and Mar'24
Fund Portfolio Changes

Fund Manager

Shreyash Devalkar
Shreyash Devalkar
Fund Manager of Axis Nifty Smallcap 50 Index Fund Direct Growth, since 4 August 2023

Axis Nifty Smallcap 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 26.06% since inception which is more than its category average return of 20.24%
Fund Allocations

Fund Allocations

This fund has an allocation of 99.44% in Equity, 0% in Debt and 0.56% in Cash related instruments
AUM size ₹293 Cr

AUM size ₹293 Cr

This fund has AUM of ₹293 Cr which is less than its category average of ₹ 720 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 0.54%

Frequently Asked Questions

The current NAV of Axis Nifty Smallcap 50 Index Fund Direct Growth is ₹16.64 as on 28-May-2024.
Existing (Absolute + CAGR) as on 28-May-2024.
Axis Nifty Smallcap 50 Index Fund Direct Growth
Absolute Returns
CAGR Returns
1 Month Returns
0.02%
0.02%
6 Month Returns
21.63%
21.63%
1 Year Returns
71.58%
71.58%
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.
0.25% as on April 2024
₹293 Cr as on April 2024
Exide Industries Ltd(3.62%), Multi Commodity Exchange of India Ltd(3.55%), Crompton Greaves Consumer Electricals Ltd(3.48%), Blue Star Ltd(3.29%), Central Depository Services (India) Ltd(3.19%) as on April 2024
Financial Services(33.62%), Industrial(16.92%), Tech(12.83%) as on April 2024
The alpha ratio for the Axis Nifty Smallcap 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Alpha 1 Year
Alpha 3 Years
Alpha 5 Years
Axis Nifty Smallcap 50 Index Fund Direct Growth
-
-
-
As on April 2024
The alpha for Axis Nifty Smallcap 50 Index Fund Direct Growth is calculated against IISL NIFTY Smallcap 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 Smallcap 50 Index Fund Direct Growth for various period is as follows:
Fund Name
Beta 1 Year
Beta 3 Years
Beta 5 Years
Axis Nifty Smallcap 50 Index Fund Direct Growth
-
-
-
As on April 2024
The Beta for Axis Nifty Smallcap 50 Index Fund Direct Growth is calculated with IISL NIFTY Smallcap 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 Smallcap 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 Smallcap 50 Index Fund Direct Growth
2.97
-
-
As on April 2024
The sharpe ratio for Axis Nifty Smallcap 50 Index Fund Direct Growth is calculated with IISL NIFTY Smallcap 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 Smallcap 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 Smallcap 50 Index Fund Direct Growth
17.63
-
-
As on April 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 Smallcap 50 Index Fund Direct Growth
The Exit load of Axis Nifty Smallcap 50 Index Fund Direct Growth is 0%