Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment
Equity
Direct
Index Funds
NAV: ₹ 12.3 as on 22-09-2023
Fund Performance
14 people have invested ₹ 63.7K in Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment in the last three months
About the Fund
Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment 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
- Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment 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 Smallcap 50 Index Fund Direct IDCW Reinvestment Overview
 | 0.25% |
 Benchmark | IISL NIFTY Smallcap 50 TR INR |
 | ₹77 Cr |
 | 10 March, 2022 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 60.84% |
Fund Distribution as on (31-Aug-23)
Size breakup
Small cap
86.6%
Mid cap
11.4%
Large cap
1%
Sector Allocation
Financial Services
31.5%
Industrial
21.5%
Tech
15.5%
Basic Materials
11.2%
Health
6.4%
Communication
5%
Consumer Defensive
4.6%
Consumer Cyclical
2.3%
Utilities
1.6%
Energy
0.5%
Top Holdings of Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment as on (31-Aug-23)
Equity Holdings50
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 Suzlon Energy Ltd | 7.35% | 6.3% | |
 KPIT Technologies Ltd | 5.67% | 5.9% | |
 IDFC Ltd | 4.82% | 6% | |
 BSE Ltd | 4.3% | 5.8% | |
 RBL Bank Ltd | 4.23% | 6% |
See all
Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment: Monthly Changes Updates
All changes are between Jun'23 and Aug'23
Fund Performance
- This fund’s returns stands at 6.18% whereas the fund’s underlying benchmark Nifty Smallcap 50 returns stands at -2.43% as on Aug'23
- This fund outperformed Nifty Smallcap 50 by 8.61% in Aug'23
AUM Change
- AUM of the fund stands at 77.4 Cr as of Aug'23
- AUM increased by 11.1 Cr between Aug'23 and Jul'23
Fund Portfolio Changes
Gainers & Losers in Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment portfolio Returns for the month of Aug
Top Growth Drivers | 1M Return |
|---|---|
 Suzlon Energy Ltd | 27.2% |
 BSE Ltd | 26.2% |
 Angel One Ltd | 23.3% |
Peer Analysis
Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment Fund Manager
Shreyash Devalkar
Fund Manager of Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment, since 4 August 2023
Top funds managed
Fund Highlights
Very High Risk
Investors understand that their principal will be at Very High Risk
About the fund
This fund has delivered an average annual returns of 14.23% since inception which is more than its category average return of 14.13%
Fund Allocations
This fund has an allocation of 98.89% in Equity, 0% in Debt and 1.11% in Cash related instruments
AUM size ₹77 Cr
This fund has AUM of ₹77 Cr which is less than its category average of ₹ 560 Cr
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 IDCW Reinvestment is ₹12.27 as on 22-Sep-2023.
Existing (Absolute + CAGR) as on 22-Sep-2023.
Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment | Absolute Returns | CAGR Returns |
1 Month Returns | 6.57% | 6.57% |
6 Month Returns | 37.3% | 37.3% |
1 Year Returns | 28.04% | 28.04% |
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 August 2023
₹77 Cr as on August 2023
Suzlon Energy Ltd(7.35%), KPIT Technologies Ltd(5.67%), IDFC Ltd(4.82%), BSE Ltd(4.3%), RBL Bank Ltd(4.23%) as on August 2023
Financial Services(31.15%), Industrial(21.24%), Tech(15.29%) as on August 2023
The alpha ratio for the Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment | - | - | - |
As on August 2023
The alpha for Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment 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 IDCW Reinvestment for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment | - | - | - |
As on August 2023
The Beta for Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment 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 IDCW Reinvestment 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 IDCW Reinvestment | 1.25 | - | - |
As on August 2023
The sharpe ratio for Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment 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 IDCW Reinvestment 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 IDCW Reinvestment | 15.34 | - | - |
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.
Shreyash Devalkar is the fund manager of Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment
The Exit load of Axis Nifty Smallcap 50 Index Fund Direct IDCW Reinvestment is 0%