Equity
Direct
Index Funds
NAV as on 05-09-2024
₹ 18.24
Inception Returns
26.6%
/yr
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.
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%.
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
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.
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 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.
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 |
as on (31-Jul-24)
Top 3 Sectors in July were Financial Services, Industrial & Basic Materials
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% |
Fund Name | Alpha 1 Year | Alpha 3 Years | Alpha 5 Years |
Axis Nifty Next 50 Index Fund Direct Growth | -0.38 | - | - |
Fund Name | Beta 1 Year | Beta 3 Years | Beta 5 Years |
Axis Nifty Next 50 Index Fund Direct Growth | 0.99 | - | - |
Fund Name | Sharpe Ratio 1 Year | Sharpe Ratio 3 Years | Sharpe Ratio 5 Years |
Axis Nifty Next 50 Index Fund Direct Growth | 3.74 | - | - |
Fund Name | Standard Deviation 1 Year | Standard Deviation 3 Years | Standard Deviation 5 Years |
Axis Nifty Next 50 Index Fund Direct Growth | 12.78 | - | - |