Axis Nifty 100 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 22-11-2024
₹ 21.75
1D
Inception Returns
16%
/yr
About Axis Nifty 100 Index Fund Direct Growth
Axis Nifty 100 Index Fund Direct Growth is an equity fund. This fund was started on 18 October, 2019. The fund is managed by Ashish Naik. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty 100 Index Fund Direct Growth has ₹1662 Cr worth of assets under management (AUM) as on Oct 2024 and is more than category average.
- The fund has an expense ratio 0.2.
Returns
Axis Nifty 100 Index Fund Direct Growth has given a CAGR return of 15.99% since inception. Over the last 1, 3 and 5 years the fund has given a CAGR return of 22.72%, 11.13% and 15.79% respectively.
Holdings
Axis Nifty 100 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Tech, Consumer Cyclical, Energy, Consumer Defensive, Industrial, Basic Materials, Utilities, Health, Communication, Real Estate. 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 Nifty 100 Index Fund Direct Growth
To provide returns before expenses that closely corresponds to the total returns of the NIFTY 100 subject to tracking errors. However, there can be no assurance that the investment objective of the Scheme will be achieved.
Minimum Investment and lockin period
Minimum investment for lump sum payment is INR 100.00 and for SIP is INR 100.00. Axis Nifty 100 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
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11045 people have invested ₹ 3.4Cr in Axis Nifty 100 Index Fund Direct Growth in the last three months
INDmoney Rank for Axis Nifty 100 Index Fund Direct Growth
Powered by IND quant engine
IND ranking is not available for this fund.
5Y returns in the top 25% of the category
Beats FD returns for both 3Y & 5Y duration
No bad points found for this fund.
Axis Nifty 100 Index Fund Direct Growth Overview
| Expense ratio | 0.21% |
Benchmark | IISL Nifty 100 TR INR |
| AUM | ₹1662 Cr |
| Inception Date | 18 October, 2019 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 21.96% |
| 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-Oct-24)
Large cap
98.7%
Mid cap
1.2%
Sector Allocation
Financial Services
31.2%
Consumer Cyclical
11.1%
Tech
10.7%
Energy
10.1%
Consumer Defensive
8.9%
Industrial
7.2%
Basic Materials
6.9%
Utilities
5.4%
Health
4.1%
Communication
3.6%
Real Estate
0.6%
All changes are between Aug'24 and Oct'24
- This fund’s returns stands at -6.73% whereas the fund’s underlying benchmark Nifty 100 returns stands at -6.17% as on Oct'24
- This fund underperformed Nifty 100 by 0.56% in Oct'24
- AUM of the fund stands at 1.8K Cr as of Oct'24
- AUM has remained same between Oct'24 and Sep'24
Top Stocks bought last month
Hindustan Aeronautics Ltd Ordinary Shares's allocation increased from 0.37% to 0.59%
Top Stocks sold last month
Tata Steel Ltd's allocation decreased from 5.26 % to 0.97 %
Eicher Motors Ltd's allocation decreased from 5.26 % to 0.48 %
Top 3 Sectors in October were Financial Services, Consumer Cyclical & Tech
Oct'24
Financial Services
31%
Consumer Cyclical
11%
Tech
11%
Sep'24
Financial Services
31%
Consumer Cyclical
11%
Tech
11%
Holdings | Weight% | 1M Change | |
|---|---|---|---|
 HDFC Bank Ltd | 9.89% | 1.6% | |
 ICICI Bank Ltd | 6.84% | 1% | |
 Reliance Industries Ltd | 6.79% | 1.2% | |
 Infosys Ltd | 4.76% | 0.6% | |
 ITC Ltd | 3.42% | 1.9% |
See all
See all
Top Growth Drivers | 1M Return |
|---|---|
 HDFC Bank Ltd | 0.8% |
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Ashish Naik
Fund Manager of Axis Nifty 100 Index Fund Direct Growth, since 18 October 2019
Top funds managed
Fund House
Axis Asset Management Company Limited
Total Schemes
Total AUM
₹3.35L Cr
as on 31-Oct-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
Mutual Fund Insights
In the last 5 years, this fund has outperformed all funds in its category.
Over the last 1 month, this fund has experienced a 5.1% drop in AUM moving from 1.75K Cr to 1.66K Cr.
In the last 1 year, Bandhan Nifty 100 Index Fund Direct Growth has given 22.85% return, outperforming this fund by 0.13%.
This fund has one of the lowest expense ratio in the category (index funds). Its expense ratio is 0.21% which is lower than the category average expense ratio of 0.54%.
In the last 3 years, this fund has outperformed all funds in its category.
This fund with AUM at ₹1662.05Cr is among the largest funds in the index funds category.
Axis Nifty 100 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 15.99% since inception which is more than its category average return of 13.66%
Fund Allocations
This fund has an allocation of 99.96% in Equity, 0% in Debt and 0.04% in Cash related instruments
AUM size ₹1662 Cr
This fund has AUM of ₹1662 Cr which is more than its category average of ₹ 820 Cr
Expense Ratio 0.21%
This fund has an expense ratio of 0.21% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions for Axis Nifty 100 Index Fund Direct Growth
The current NAV of Axis Nifty 100 Index Fund Direct Growth is ₹21.75 as on 22-Nov-2024.
Existing (Absolute + CAGR) as on 22-Nov-2024.
Axis Nifty 100 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -6.12% | -6.12% |
6 Month Returns | 2.97% | 2.97% |
1 Year Returns | 22.72% | 22.72% |
3 Years Returns | 37.26% | 11.13% |
5 Years Returns | 108.18% | 15.79% |
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.
0.21% as on October 2024
₹1662 Cr as on October 2024
HDFC Bank Ltd(9.89%), ICICI Bank Ltd(6.84%), Reliance Industries Ltd(6.79%), Infosys Ltd(4.76%), ITC Ltd(3.42%) as on October 2024
Financial Services(32.39%), Tech(10.95%), Consumer Cyclical(10.44%) as on October 2024
The alpha ratio for the Axis Nifty 100 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty 100 Index Fund Direct Growth | -0.32 | -0.23 | -0.15 |
As on October 2024
The alpha for Axis Nifty 100 Index Fund Direct Growth is calculated against IISL Nifty 100 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 100 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty 100 Index Fund Direct Growth | 1 | 1 | 0.98 |
As on October 2024
The Beta for Axis Nifty 100 Index Fund Direct Growth is calculated with IISL Nifty 100 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 100 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 100 Index Fund Direct Growth | 1.69 | 0.53 | 0.66 |
As on October 2024
The sharpe ratio for Axis Nifty 100 Index Fund Direct Growth is calculated with IISL Nifty 100 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 100 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 100 Index Fund Direct Growth | 13.3 | 13.41 | 18.39 |
As on October 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.
Sortino ratio is 0.86 as on October 2024. Sortino ratio tells the downside risk-adjusted-returns of the mutual fund.
Ashish Naik is the fund manager of Axis Nifty 100 Index Fund Direct Growth
The Exit load of Axis Nifty 100 Index Fund Direct Growth is 0%