Axis Nifty IT Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 31-01-2025
₹ 14.62
▲0.6%
1D
Inception Returns
27.7%
/yr
About Axis Nifty IT Index Fund Direct Growth
Axis Nifty IT Index Fund Direct Growth is an equity fund. This fund was started on 14 July, 2023. The fund is managed by . The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty IT Index Fund Direct Growth has ₹141 Cr worth of assets under management (AUM) as on Nov 2024 and is less than category average.
- The fund has an expense ratio 0.3.
Returns
Axis Nifty IT Index Fund Direct Growth has given a CAGR return of 27.72% since inception. Over the last 1 year the fund has given a CAGR return of 18.55%.
Holdings
Axis Nifty IT Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Tech. Its top holdings are Infosys Ltd, Tata Consultancy Services Ltd, HCL Technologies Ltd, Tech Mahindra Ltd, Wipro 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 IT Index Fund Direct Growth
To provide returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors. However, there can be no assurance or guarantee 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 IT Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Absolute
▲
▼
3699 people have invested ₹ 43.9L in Axis Nifty IT Index Fund Direct Growth in the last three months
Axis Nifty IT Index Fund Direct Growth Overview
| Expense ratio | 0.32% |
Benchmark | NIFTY IT TRI TR INR |
| AUM | ₹141 Cr |
| Inception Date | 14 July, 2023 |
| Min Lumpsum/SIP | ₹100/₹100 |
Exit Load | 0.2% |
| Lock In | No Lock-in |
TurnOver | 6.92% |
| 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
83.8%
Mid cap
16%
Sector Allocation
Tech
100%
All changes are between Sep'24 and Nov'24
- This fund’s returns stands at 6.73% whereas the fund’s underlying benchmark Nifty 50 returns stands at -0.71% as on Nov'24
- This fund outperformed Nifty 50 by 7.44% in Nov'24
- AUM of the fund stands at 140 Cr as of Dec'24
- AUM increased by 9 Cr between Dec'24 and Nov'24
Top Stocks bought last month
Persistent Systems Ltd's allocation increased from 5.01% to 5.82%
Coforge Ltd's allocation increased from 4.58% to 5.16%
Tech Mahindra Ltd's allocation increased from 9.83% to 10.41%
Top Stocks sold last month
Infosys Ltd's allocation decreased from 27.1 % to 26.34 %
Tata Consultancy Services Ltd's allocation decreased from 24 % to 23.16 %
LTIMindtree Ltd's allocation decreased from 5.68 % to 5.38 %
Mid Cap allocation has gone down from 16.1% to 16%
Large Cap allocation has gone up from 83.5% to 83.8%
Cash allocation has gone down from 0.4% to 0.2%
Top Sector in December was Tech
Dec'24
Tech
100%
Nov'24
Tech
100%
See all
Top Losers | 1M Return |
|---|---|
 Tech Mahindra Ltd | -2.1% |
 Tata Consultancy Services Ltd | 0.1% |
 LTIMindtree Ltd | 4.6% |
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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 Nifty IT 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 27.72% since inception which is more than its category average return of 10.4%
Fund Allocations
This fund has an allocation of 99.79% in Equity, 0% in Debt and 0.21% in Cash related instruments
AUM size ₹141 Cr
This fund has AUM of ₹141 Cr which is less than its category average of ₹ 809 Cr
Expense Ratio 0.32%
This fund has an expense ratio of 0.32% which is less than its category average expense ratio of 0.54%
Frequently Asked Questions for Axis Nifty IT Index Fund Direct Growth
The current NAV of Axis Nifty IT Index Fund Direct Growth is ₹14.62 as on 31-Jan-2025.
Existing (Absolute + CAGR) as on 31-Jan-2025.
Axis Nifty IT Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | -1.03% | -1.03% |
6 Month Returns | 5.46% | 5.46% |
1 Year Returns | 18.55% | 18.55% |
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.
0.32% as on January 2025
₹141 Cr as on January 2025
Infosys Ltd(27.77%), Tata Consultancy Services Ltd(22.79%), HCL Technologies Ltd(11.05%), Tech Mahindra Ltd(9.78%), Wipro Ltd(7.71%) as on January 2025
The alpha ratio for the Axis Nifty IT Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty IT Index Fund Direct Growth | - | - | - |
As on January 2025
The alpha for Axis Nifty IT Index Fund Direct Growth is calculated against NIFTY IT TRI 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 IT Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty IT Index Fund Direct Growth | - | - | - |
As on January 2025
The Beta for Axis Nifty IT Index Fund Direct Growth is calculated with NIFTY IT TRI 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 IT 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 IT Index Fund Direct Growth | 0.57 | - | - |
As on January 2025
The sharpe ratio for Axis Nifty IT Index Fund Direct Growth is calculated with NIFTY IT TRI 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 IT 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 IT Index Fund Direct Growth | 22.08 | - | - |
As on January 2025
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 Nifty IT Index Fund Direct Growth is 0.25%