Hybrid
Direct
Fund Of Funds
NAV as on 05-09-2024
₹ 16.61
1D
Inception Returns
22.4%
/yr
Axis Equity ETFs FoF Fund Direct Growth is a hybrid fund. This fund was started on 25 February, 2022. The fund is managed by Shreyash Devalkar. This fund gives you the benefit of diversification.
Axis Equity ETFs FoF Fund Direct Growth has given a CAGR return of 22.39% since inception. Over the last 1 year the fund has given a CAGR return of 39.62%.
Axis Equity ETFs FoF Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Consumer Cyclical, Industrial, Tech, Consumer Defensive, Health, Basic Materials, Utilities, Communication, Energy, Real Estate.
As it is a fund of funds mutual fund the taxation is as follows:If the fund is equity oriented i.e. asset allocation of more than 65% in equity instruments: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 benefitGains up to Rs 1 lakh are exempt from taxation (more than 12 months).
To provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum investment for lump sum payment is INR 5000.00 and for SIP is INR 1000.00. Axis Equity ETFs FoF Fund Direct Growth has no lock in period.
Expense ratio | 0.12% |
Benchmark | IISL Nifty 500 TR INR |
AUM | ₹23 Cr |
Inception Date | 25 February, 2022 |
Min Lumpsum/SIP | ₹5000/₹1000 |
Exit Load | 1.0% |
Lock In | No Lock-in |
TurnOver | 9.43% |
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 |
as on (05-Sep-24)
as on (31-Dec-69)
Top 3 Sectors in July were Financial Services, Consumer Cyclical & Industrial
Axis Equity ETFs FoF Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 2.23% | 2.23% |
6 Month Returns | 17.84% | 17.84% |
1 Year Returns | 39.62% | 39.62% |
3 Years Returns | 0% | 0% |
5 Years Returns | 0% | 0% |
AAA | 100 |