Axis Nifty 50 Index Fund Direct - Growth - NFO

Other
Index
Very High Risk
Launch date15 Nov 2021
Allotment date03 Dec 2021
End date29 Nov 2021
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: 0.12%

Inclusive of GST

Exit load

Nil

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

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.

Understand terms

Minimum investment amounts

Min. for 1st investment₹100
Min. for 2nd investment onwards₹100
Min. for SIP₹100

Fund management

Shreyash Devalkar
Aug 2023 - Present
View details

Education
Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience
Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon Bank.
Also manages these schemes

Karthik Kumar
Aug 2023 - Present
View details

Education
Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical)
Experience
Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
Also manages these schemes

Fund house & investment objective

Rank (total assets)#7 in India
Total AUM₹2,81,365.34Cr
Date of Incorporation04 Sep 2009

Axis Nifty 50 Index Fund Direct - Growth - NFO is a Other Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Jinesh Gopani is the Current Fund Manager of Axis Nifty 50 Index Fund Direct - Growth - NFO fund. The fund currently has an Asset Under Management(AUM) of ₹2,81,365 Cr and the Latest NAV as of 03 Dec 2021 is ₹10.00. The Axis Nifty 50 Index Fund Direct - Growth - NFO is rated Very High risk. Minimum SIP Investment is set to ₹100. Minimum Lumpsum Investment is ₹100. ;

Fund house contact details

Address
"Axis House" - 1st Floor,C-2 - Wadia International Centre,Pandurang Budhkar Marg , Worli, Mumbai 400025
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
Website
NA
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