Axis Nifty 100 Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was introduced to investors on 17 Oct 2019. Ashish Naik is the Current Fund Manager of Axis Nifty 100 Index Fund Direct Growth.The fund currently has an Asset Under Management(AUM) of ₹436 Cr and the Latest NAV as of 06 Dec 2019 is ₹10.18.
The Axis Nifty 100 Index Fund Direct Growth is rated Moderately Low risk. 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.
Scheme Information Document(SID)
Not Supported
Min for First Investment
Not Supported
Min for Second Investment
Exit load of 1%, if redeemed within 7 days.
Exit Load