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Axis Nifty Bank Index Fund Direct Growth
NAV: 18 Sep '26
₹11.66
Min. for SIP
₹100
Fund size (AUM)
₹184.23 Cr
Expense ratio
0.24%
Rating
--
Return calculator
Monthly investment
₹5,000
| Over the past | Total investment | Would've become | Historic returns | Returns |
|---|---|---|---|---|
| 3 months | ₹15,000 | ₹14,677 | -2.15% | |
| 6 months | ₹30,000 | ₹30,469 | +1.56% | |
| 1 year | ₹60,000 | ₹59,534 | -0.78% |
Holdings (16)
| Name | Sector | Instruments | Assets |
|---|---|---|---|
| HDFC Bank Ltd | Financial | Equity | 17.01% |
| ICICI Bank Ltd | Financial | Equity | 14.84% |
| State Bank of India | Financial | Equity | 10.26% |
| Kotak Mahindra Bank Ltd | Financial | Equity | 9.87% |
| Axis Bank Ltd | Financial | Equity | 9.19% |
| The Federal Bank Ltd | Financial | Equity | 7.14% |
| Indusind Bank Ltd | Financial | Equity | 5.44% |
| AU Small Finance Bank Ltd | Financial | Equity | 4.82% |
| IDFC First Bank Ltd | Financial | Equity | 4.67% |
| Bank Of Baroda | Financial | Equity | 3.47% |
| Punjab National Bank | Financial | Equity | 3.37% |
| Yes Bank Ltd | Financial | Equity | 3.33% |
| Canara Bank | Financial | Equity | 3.32% |
| Union Bank of India | Financial | Equity | 3.17% |
| Others CBLO | Unspecified | CBLO | 0.10% |
| Net Receivables | Unspecified | Net Receivables | 0.02% |
See All
Minimum investments
Min. for 1st investment
₹500
Min. for 2nd investment
₹100
Min. for SIP
₹100
Returns and rankings
Annualised returns
Absolute returns
| Name | 3M | 6M | 1Y | All |
|---|---|---|---|---|
| Fund returns | +3.0% | +2.1% | +3.9% | +17.1% |
| Category average (Equity Sectoral) | -- | -- | +16.5% | -- |
| Rank (Equity Sectoral) | 38 | 32 | 25 | -- |
Exit load, stamp duty and tax
Exit load
Exit load of 0.25%, if redeemed within 7 days.
Stamp duty on investment: 0.005% (from July 1st, 2020)
from July 1st 2020
Tax implication
If you redeem within one year, returns are taxed at 20%. If you redeem after one year, returns exceeding Rs 1.25 lakh in a financial year are taxed at 12.5%.
Check past data
Fund management
RGRohit GautamMar 2026 - PresentView details
RG
Rohit Gautam
Mar 2026 - Present
View details
NMNandik MallikMar 2026 - PresentView details
NM
Nandik Mallik
Mar 2026 - Present
View details
About Axis Nifty Bank Index Fund Direct Growth
Axis Nifty Bank Index Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Rohit Gautam is the Current Fund Manager of Axis Nifty Bank Index Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹3,92,677 Cr and the Latest NAV as of 18 Sep 2026 is ₹11.66.
The Axis Nifty Bank Index Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹500. Exit load of 0.25%, if redeemed within 7 days.
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Investment Objective
The scheme seeks to provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors.
Fund benchmarkNIFTY Bank Total Return Index
Fund house
Rank (total assets)#7 in India
Total AUM₹3,92,677.12 Cr
Date of Incorporation04 Sep 2009
Launch Date04 Sep 2009
Address23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Websitewww.karvymfs.com
AddressKarvy House, No. 46, 8-2-609/K, Avenue 4, Street No.1 Banjara Hills,