Axis Nifty Bank Index Fund Direct - Growth - NFO | New Fund Listing | NFO MF | New NFO

Axis Nifty Bank Index Fund Direct - Growth - NFO
Equity
 Sectoral-Banking
Very High Risk
Launch date03 May 2024
Allotment date24 May 2024
End date17 May 2024
NAV₹10.00
Understand termsExpense ratioA fee payable to a mutual fund house for managing your mutual fund investments. It is the total percentage of a company’s fund assets used for administrative, management, advertising, and other expenses.
TaxA percentage of your capital gains payable to the government upon exiting your mutual fund investments. Taxation is categorized as long-term capital gains (LTCG) and short-term capital gains (STCG) depending on your holding period and the type of fund.
Exit loadA fee payable to a mutual fund house for exiting a fund (fully or partially) before the completion of a specified period from the date of investment.
Stamp dutyA form of tax payable for the purchase or sale of an asset or security. 
Expense ratio, exit load and taxExpense ratio: 0.10%Inclusive of GST
Exit loadExit load of 0.25%, if redeemed within 7 days.
Stamp duty0.005% (from July 1st, 2020)
Tax implicationReturns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.
Understand terms
Minimum investment amountsMin. for 1st investment₹500
Min. for 2nd investment onwards₹100
Min. for SIP₹100
Fund house & investment objective
Axis Mutual Fund
Rank (total assets)#7 in India
Total AUM₹2,92,314.38Cr
Date of Incorporation04 Sep 2009
 Axis Nifty Bank Index Fund Direct - Growth - NFO is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. The fund currently has an Asset Under Management(AUM) of ₹2,92,314 Cr and the Latest NAV as of 24 May 2024 is ₹10.00.
The Axis Nifty Bank Index Fund Direct - Growth - NFO 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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Fund benchmarkNIFTY Bank Total Return Index
Fund house contact details
Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
Website
NA

Rank (total assets)	#7 in India
Total AUM	₹2,92,314.38Cr

Date of Incorporation	04 Sep 2009

Fund benchmark	NIFTY Bank Total Return Index

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Min. for 1st investment	₹500
Min. for 2nd investment onwards	₹100