Axis Nifty Next 50 Index Fund Direct Growth
Equity
Direct
Index Funds
NAV as on 05-09-2024
₹ 18.24
Inception Returns
26.6%
/yr
About the Fund
Axis Nifty Next 50 Index Fund Direct Growth is an equity fund. This fund was started on 28 January, 2022. The fund is managed by Shreyash Devalkar. The fund could potentially beat inflation in the long-run.
Key Parameters
- Axis Nifty Next 50 Index Fund Direct Growth has ₹271 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 Nifty Next 50 Index Fund Direct Growth has given a CAGR return of 26.64% since inception. Over the last 1 year the fund has given a CAGR return of 66.65%.
Holdings
Axis Nifty Next 50 Index Fund Direct Growth has allocated its funds majorly in Cash Equivalent, Financial Services, Industrial, Consumer Cyclical, Basic Materials, Consumer Defensive, Utilities, Energy, Health, Real Estate, Communication. Its top holdings are Trent Ltd, Bharat Electronics Ltd, Hindustan Aeronautics Ltd Ordinary Shares, Power Finance Corp Ltd, REC 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 Next 50 Index Fund Direct Growth
To provide returns before expenses that closely corresponds to the total returns of the NIFTY NEXT 50 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 Next 50 Index Fund Direct Growth has no lock in period.
Historical NAV & Returns
Annualised
▲
▼
3197 people have invested ₹ 4Cr in Axis Nifty Next 50 Index Fund Direct Growth in the last three months
INDmoney Rank
Powered by IND quant engine
7
/12
34% Performance
50% Cost
7 out of 12 among Index-Nifty-Next-50
Fund Overview
| Expense ratio | 0.24% |
Benchmark | IISL Nifty Next 50 TR INR |
| AUM | ₹271 Cr |
| Inception Date | 28 January, 2022 |
| Min Lumpsum/SIP | ₹100/₹100 |
| Exit Load | 0% |
| Lock In | No Lock-in |
TurnOver | 39.02% |
| 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
89.1%
Mid cap
10.7%
Sector Allocation
Financial Services
22.3%
Industrial
20.2%
Consumer Cyclical
13.9%
Basic Materials
12.7%
Consumer Defensive
11.5%
Utilities
9%
Energy
2.9%
Health
2.6%
Real Estate
2.5%
Communication
2.4%
All changes are between May'24 and Jul'24
- This fund’s returns stands at 4.62% whereas the fund’s underlying benchmark Nifty Next 50 returns stands at 3.35% as on Jul'24
- This fund outperformed Nifty Next 50 by 1.26% in Jul'24
- AUM of the fund stands at 271.3 Cr as of Jul'24
- AUM increased by 26.9 Cr between Jul'24 and Jun'24
Top Stocks bought last month
Trent Ltd's allocation increased from 4.93% to 5.62%
Samvardhana Motherson International Ltd's allocation increased from 1.76% to 2.33%
Zomato Ltd's allocation increased from 1.51% to 2.01%
Top Stocks sold last month
Bharat Electronics Ltd's allocation decreased from 5.2 % to 4.94 %
Hindustan Aeronautics Ltd Ordinary Shares's allocation decreased from 4.57 % to 4.03 %
Tata Power Co Ltd's allocation decreased from 3.63 % to 3.35 %
Mid Cap allocation has gone up from 9.7% to 10.5%
Large Cap allocation has gone down from 89.4% to 89.1%
Cash allocation has gone down from 0.9% to 0.2%
Top 3 Sectors in July were Financial Services, Industrial & Basic Materials
Jul'24
Financial Services
22%
Industrial
20%
Consumer Cyclical
14%
Jun'24
Financial Services
23%
Industrial
22%
Basic Materials
13%
See all
Top Growth Drivers | 1M Return |
|---|---|
 Trent Ltd | 33.5% |
 Interglobe Aviation Ltd | 14.1% |
 Info Edge (India) Ltd | 6.6% |
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Shreyash Devalkar
Fund Manager of Axis Nifty Next 50 Index Fund Direct Growth, since 4 August 2023
Top funds managed
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 Nifty Next 50 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 26.64% since inception which is more than its category average return of 23.37%
Fund Allocations
This fund has an allocation of 99.79% in Equity, 0% in Debt and 0.21% in Cash related instruments
AUM size ₹0 Cr
This fund has AUM of ₹0 Cr which is less than its category average of ₹ 845 Cr
Expense Ratio 0.24%
This fund has an expense ratio of 0.24% which is less than its category average expense ratio of 0.52%
Frequently Asked Questions
The current NAV of Axis Nifty Next 50 Index Fund Direct Growth is ₹18.24 as on 05-Sep-2024.
Existing (Absolute + CAGR) as on 05-Sep-2024.
Axis Nifty Next 50 Index Fund Direct Growth | Absolute Returns | CAGR Returns |
1 Month Returns | 6.45% | 6.45% |
6 Month Returns | 25.85% | 25.85% |
1 Year Returns | 66.65% | 66.65% |
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.
0.24% as on August 2024
₹271 Cr as on August 2024
Trent Ltd(5.62%), Bharat Electronics Ltd(4.94%), Hindustan Aeronautics Ltd Ordinary Shares(4.03%), Power Finance Corp Ltd(3.53%), REC Ltd(3.48%) as on August 2024
Financial Services(22.24%), Industrial(20.15%), Consumer Cyclical(13.85%) as on August 2024
The alpha ratio for the Axis Nifty Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty Next 50 Index Fund Direct Growth | -0.38 | - | - |
As on August 2024
The alpha for Axis Nifty Next 50 Index Fund Direct Growth is calculated against IISL Nifty Next 50 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 Next 50 Index Fund Direct Growth for various period is as follows:
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty Next 50 Index Fund Direct Growth | 0.99 | - | - |
As on August 2024
The Beta for Axis Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth | 3.74 | - | - |
As on August 2024
The sharpe ratio for Axis Nifty Next 50 Index Fund Direct Growth is calculated with IISL Nifty Next 50 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 Next 50 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 Next 50 Index Fund Direct Growth | 12.78 | - | - |
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.
Shreyash Devalkar is the fund manager of Axis Nifty Next 50 Index Fund Direct Growth
The Exit load of Axis Nifty Next 50 Index Fund Direct Growth is 0%