Fund Details
Axis Nifty 100 Index Fund Direct Growth
| Risk | Moderately High |
|---|---|
| Min SIP Amount | ₹500 |
| Expense Ratio | 0.15% |
| NAV | ₹12.25 (25 Jan 2021) |
|---|---|
| Fund Started | 17 Oct 2019 |
| Fund Size | ₹353 Cr |
Returns
Comparison
1. Risk-adjusted returns are higher compared to the category
2. Lower expense ratio - 0.15%
3. 1Y Returns are higher than the category average returns
1. Age is less than 5 years
Top Holdings
| Name | Sector | Instrument | % Assets |
|---|---|---|---|
| Reliance Industries Ltd. | Energy | Equity | 9.3% |
| HDFC Bank Ltd. | Financial | Equity | 9.0% |
| Housing Development Finance Corpn. Ltd. | Financial | Equity | 6.6% |
| Infosys Ltd. | Technology | Equity | 6.6% |
| ICICI Bank Ltd. | Financial | Equity | 5.3% |
| Tata Consultancy Services Ltd. | Technology | Equity | 4.3% |
| Kotak Mahindra Bank Ltd. | Financial | Equity | 4.2% |
| Hindustan Unilever Ltd. | FMCG | Equity | 3.1% |
| ITC Ltd. | FMCG | Equity | 2.6% |
| Larsen & Toubro Ltd. | Construction | Equity | 2.2% |
Fund Managers
Axis Nifty 100 Index Fund Direct Growth Details
Axis Nifty 100 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 17 Oct 2019. Ashish Naik is the Current Fund Manager of Axis Nifty 100 Index Fund Direct Growth fund.The fund currently has an Asset Under Management(AUM) of ₹353 Cr and the Latest NAV as of 25 Jan 2021 is ₹12.25.
The Axis Nifty 100 Index Fund Direct Growth is rated Moderately High risk. Minimum SIP Investment is set to 500. Minimum Lumpsum Investment is 500. Exit load of 1%, if redeemed within 7 days.
Investment Objective
The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY 100 subject to tracking errors.
Tax Implications
Returns are taxed at 15%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 10% on returns of Rs 1 lakh+ in a financial year.
