Axis BSE Sensex Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 23-12-2024
₹ 10.84
1D
Inception Returns
7.7%
/yr
About Axis BSE Sensex Index Fund Direct Growth
Axis BSE Sensex Index Fund Direct Growth is an equity fund. This fund was started on 27 February, 2024. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis BSE Sensex Index Fund Direct Growth has ₹47 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.2.
Returns
Axis BSE Sensex Index Fund Direct Growth has given a CAGR return of 7.74% since inception.
Holdings
Axis BSE Sensex Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Energy, Consumer Defensive, Consumer Cyclical, Industrial, Basic Materials, Communication, Utilities, Health. Its top holdings are HDFC Bank Ltd, ICICI Bank Ltd, Reliance Industries Ltd, Infosys Ltd, ITC 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 benefitDividends will always be taxed at slab rate. Gains upto Rs 1 lakh are exempt in case of long term.
Investment objective of Axis BSE Sensex Index Fund Direct Growth
To provide returns before expenses that corresponds to the total returns of the S & P BSE Sensex TRI subject to tracking errors.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 500.00 and for SIP is INR 100.00. Axis BSE Sensex Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
442 people have invested ₹ 7.7L in Axis BSE Sensex Index Fund Direct Growth in the last three months
Axis BSE Sensex Index Fund Direct Growth Overview
| Expense ratio | 0.2% |
Benchmark | S&P BSE SENSEX TR INR |
| AUM | ₹47 Cr |
| Inception Date | 27 February, 2024 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 3.82% |
| STCG | Selling mutual fund before 1 year, returns taxed at 20%. |
| LTCG | After 1 year, 12.5% tax on returns over ₹1.25 lakh/year. |
| Risk |   Very High Risk |
Fund Distribution
as on (30-Nov-24)
Large cap
99.8%
Sector Allocation
Financial Services
38.2%
Tech
15.3%
Energy
9.5%
Consumer Defensive
8.1%
Consumer Cyclical
8%
Industrial
5.7%
Basic Materials
4.9%
Communication
4.7%
Utilities
3.5%
Health
2.1%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 0.51% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty 50 by 1.22% in Nov'24
- AUM of the fund stands at 46.8 Cr as of Nov'24
- AUM increased by 0.3 Cr between Nov'24 and Oct'24
Top Stocks bought last month
HDFC Bank Ltd's allocation increased from 13.45% to 14.32%
ICICI Bank Ltd's allocation increased from 9.23% to 9.96%
State Bank of India's allocation increased from 3.11% to 3.44%
Top Stocks sold last month
Reliance Industries Ltd's allocation decreased from 10.28 % to 9.85 %
Infosys Ltd's allocation decreased from 6.97 % to 6.93 %
ITC Ltd's allocation decreased from 4.93 % to 4.93 %
Large Cap allocation has gone down from 100% to 99.8%
Cash allocation has gone up from 0% to 0.2%
Top 3 Sectors in November were Financial Services, Tech & Energy
Nov'24
Financial Services
38%
Tech
15%
Energy
10%
Oct'24
Financial Services
36%
Tech
14%
Energy
10%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 14.32% | 2.9% | |
 ICICI Bank Ltd | 9.96% | 2.9% | |
 Reliance Industries Ltd | 9.85% | 2.7% | |
 Infosys Ltd | 6.93% | 2.7% | |
 ITC Ltd | 4.93% | 2.6% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 6.1% |
 Tata Consultancy Services Ltd | 4.9% |
 HDFC Bank Ltd | 3% |
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Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.21L Cr
as on 29-Nov-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 BSE Sensex 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 returns of 7.74% since inception (27th February 2024)
Fund Allocations
This fund has an allocation of 99.83% in Equity, 0% in Debt and 0.17% in Cash related instruments
AUM size ₹47 Cr
This fund has AUM of ₹47 Cr which is less than its category average of ₹ 824 Cr
Expense Ratio 0.2%
This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.56%
Frequently Asked Questions for Axis BSE Sensex Index Fund Direct Growth
The current NAV of Axis BSE Sensex Index Fund Direct Growth is ₹10.84 as on 23-Dec-2024.
Existing (Absolute + CAGR) as on 23-Dec-2024.
Axis BSE Sensex Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 0.56% | 0.56% |
6 Month Returns | 1.11% | 1.11% |
1 Year Returns | 0% | 0% |
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.
0.2% as on November 2024
₹47 Cr as on November 2024
HDFC Bank Ltd(14.32%), ICICI Bank Ltd(9.96%), Reliance Industries Ltd(9.85%), Infosys Ltd(6.93%), ITC Ltd(4.93%) as on November 2024
Financial Services(38.13%), Tech(15.29%), Energy(9.49%) as on November 2024
The alpha ratio for the Axis BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis BSE Sensex Index Fund Direct Growth | - | - | - |
As on November 2024
The alpha for Axis BSE Sensex Index Fund Direct Growth is calculated against S&P BSE SENSEX 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 BSE Sensex Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis BSE Sensex Index Fund Direct Growth | - | - | - |
As on November 2024
The Beta for Axis BSE Sensex Index Fund Direct Growth is calculated with S&P BSE SENSEX 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 BSE Sensex 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 BSE Sensex Index Fund Direct Growth | - | - | - |
As on November 2024
The sharpe ratio for Axis BSE Sensex Index Fund Direct Growth is calculated with S&P BSE SENSEX 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 BSE Sensex 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 BSE Sensex Index Fund Direct Growth | - | - | - |
As on November 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.
The Exit load of Axis BSE Sensex Index Fund Direct Growth is 0.25%