Axis Nifty 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV: ₹ 13.29 as on 16-05-2024
About the Fund
Axis Nifty 50 Index Fund Direct Growth is an equity fund. This fund was started on 3 December, 2021. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty 50 Index Fund Direct Growth has ₹449 Cr worth of assets under management (AUM) as on Apr 2024 and is less than category average.
- The fund has an expense ratio 0.1.
Fund Performance
3280 people have invested ₹ 1.8Cr in Axis Nifty 50 Index Fund Direct Growth in the last three months
Overview
 | 0.12% |
 Benchmark | IISL Nifty 50 TR INR |
 | ₹449 Cr |
 | 3 December, 2021 |
 | ₹100/₹100 |
 | 0% |
 | No Lock-in |
 TurnOver | 9.19% |
Axis Nifty 50 Index Fund Direct Growth Distribution as on (30-Apr-24)
Size breakup
Large cap
98.9%
Mid cap
0.7%
Sector Allocation
Financial Services
34.3%
Energy
13.5%
Tech
12.3%
Consumer Cyclical
9.3%
Consumer Defensive
8%
Basic Materials
6.5%
Industrial
5.2%
Health
4.2%
Communication
3.5%
Utilities
3.1%
Top Holdings of Axis Nifty 50 Index Fund Direct Growth as on (30-Apr-24)
Equity Holdings50
Gainers & Losers Returns for the month of Apr
Top Growth Drivers | 1M Return |
|---|---|
 Axis Bank Ltd | 6.1% |
 ICICI Bank Ltd | 3.9% |
Top Losers | 1M Return |
|---|---|
 Kotak Mahindra Bank Ltd | -8.4% |
 Larsen & Toubro Ltd | -6.2% |
 Infosys Ltd | -3% |
Monthly Changes Updates
All changes are between Feb'24 and Apr'24
Fund Performance
- This fund’s returns stands at 1.22% whereas the fund’s underlying benchmark Nifty 50 returns stands at 0.64% as on Apr'24
- This fund outperformed Nifty 50 by 0.58% in Apr'24
AUM Change
- AUM of the fund stands at 449.4 Cr as of Apr'24
- AUM increased by 17.9 Cr between Apr'24 and Mar'24
Fund Portfolio Changes
INDmoney Rank
Powered by IND quant engine
2
/16
56% Performance
56% Cost
2 out of 16 among Index-Nifty-50
Pros
Low tracking error in the category
Cons
No bad points found for this fund.
Peer Analysis
Fund Manager
Shreyash Devalkar
Fund Manager of Axis Nifty 50 Index Fund Direct Growth, since 4 August 2023
Top funds managed
Axis Nifty 50 Index Fund Direct Growth 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 11.95% since inception which is less than its category average return of 18.23%
Fund Allocations
This fund has an allocation of 99.57% in Equity, 0% in Debt and 0.43% in Cash related instruments
AUM size ₹449 Cr
This fund has AUM of ₹449 Cr which is less than its category average of ₹ 723 Cr
Expense Ratio 0.12%
This fund has an expense ratio of 0.12% which is less than its category average expense ratio of 0.5%
Frequently Asked Questions
The current NAV of Axis Nifty 50 Index Fund Direct Growth is ₹13.29 as on 16-May-2024.
Existing (Absolute + CAGR) as on 16-May-2024.
Axis Nifty 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.18% | -1.18% |
6 Month Returns | 14.55% | 14.55% |
1 Year Returns | 22.59% | 22.59% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
With INDmoney, the process of investing is very simple and involves zero commission.
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0.12% as on April 2024
₹449 Cr as on April 2024
HDFC Bank Ltd(11.43%), Reliance Industries Ltd(9.92%), ICICI Bank Ltd(8.08%), Infosys Ltd(5.07%), Larsen & Toubro Ltd(4.25%) as on April 2024
Financial Services(34.14%), Energy(13.45%), Tech(12.27%) as on April 2024
The alpha ratio for the Axis Nifty 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty 50 Index Fund Direct Growth | -0.15 | - | - |
As on April 2024
The alpha for Axis Nifty 50 Index Fund Direct Growth is calculated against IISL Nifty 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 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty 50 Index Fund Direct Growth | 1 | - | - |
As on April 2024
The Beta for Axis Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 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 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 50 Index Fund Direct Growth | 1.66 | - | - |
As on April 2024
The sharpe ratio for Axis Nifty 50 Index Fund Direct Growth is calculated with IISL Nifty 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 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 50 Index Fund Direct Growth | 10.35 | - | - |
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 50 Index Fund Direct Growth
The Exit load of Axis Nifty 50 Index Fund Direct Growth is 0%