Axis BSE Sensex Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 06-09-2024
₹ 11.2
1D
Inception Returns
12%
/yr
About the Fund
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 ₹45 Cr worth of assets under management (AUM) as on Jul 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 11.97% 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, Reliance Industries Ltd, ICICI Bank 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
▲
▼
388 people have invested ₹ 9.1L in Axis BSE Sensex Index Fund Direct Growth in the last three months
Fund Overview
| Expense ratio | 0.2% |
Benchmark | S&P BSE SENSEX TR INR |
| AUM | ₹45 Cr |
| Inception Date | 27 February, 2024 |
| Min Lumpsum/SIP | ₹500/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 3.82% |
| STCG | Redeeming 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 (31-Jul-24)
Large cap
99.6%
Sector Allocation
Financial Services
36%
Tech
14.9%
Energy
10.9%
Consumer Defensive
8.4%
Consumer Cyclical
8.3%
Industrial
6%
Basic Materials
5.4%
Communication
4.3%
Utilities
3.8%
Health
2%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 3.48% whereas the fund’s underlying benchmark Nifty 50 returns stands at 3.35% as on Jul'24
- This fund outperformed Nifty 50 by 0.13% in Jul'24
- AUM of the fund stands at 44.1 Cr as of Jul'24
- AUM has remained same between Jul'24 and Jun'24
Top Stocks bought last month
Infosys Ltd's allocation increased from 6.21% to 7.2%
ITC Ltd's allocation increased from 4.32% to 4.88%
Tata Consultancy Services Ltd's allocation increased from 4.35% to 4.74%
Top Stocks sold last month
HDFC Bank Ltd's allocation decreased from 13.95 % to 12.99 %
Reliance Industries Ltd's allocation decreased from 11.67 % to 10.87 %
ICICI Bank Ltd's allocation decreased from 9.27 % to 9.11 %
Cash allocation has gone down from 1% to 0.4%
Top 3 Sectors in July were Financial Services, Tech & Energy
Jul'24
Financial Services
36%
Tech
15%
Energy
11%
Jun'24
Financial Services
38%
Tech
13%
Energy
12%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 12.99% | -1.1% | |
 Reliance Industries Ltd | 10.87% | -1.2% | |
 ICICI Bank Ltd | 9.11% | -1.1% | |
 Infosys Ltd | 7.2% | -0.8% | |
 ITC Ltd | 4.88% | -1.2% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 Infosys Ltd | 10.4% |
 Tata Consultancy Services Ltd | 7.3% |
 Bharti Airtel Ltd | 7.2% |
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Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹2.31L Cr
as on 31-Jul-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 11.97% since inception (27th February 2024)
Fund Allocations
This fund has an allocation of 99.63% in Equity, 0% in Debt and 0.37% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 839 Cr
Expense Ratio 0.2%
This fund has an expense ratio of 0.2% which is less than its category average expense ratio of 0.52%
Frequently Asked Questions
The current NAV of Axis BSE Sensex Index Fund Direct Growth is ₹11.2 as on 06-Sep-2024.
Existing (Absolute + CAGR) as on 06-Sep-2024.
Axis BSE Sensex Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 3.45% | 3.45% |
6 Month Returns | 10.4% | 10.4% |
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 August 2024
₹45 Cr as on August 2024
HDFC Bank Ltd(12.99%), Reliance Industries Ltd(10.87%), ICICI Bank Ltd(9.11%), Infosys Ltd(7.2%), ITC Ltd(4.88%) as on August 2024
Financial Services(35.88%), Tech(14.84%), Energy(10.87%) as on August 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 August 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 August 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 August 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 August 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%