Axis Nifty 100 Index Fund Direct-Growth
(Scheme Rating)
NAV as of Jul 05, 2024
22.330.21%
- Growth - Direct
(Earn upto 0.71% Extra Returns with Direct Plan)
Fund Category:
Equity: Large Cap
Expense Ratio:
0.21%(0.47% Category
average)Fund Size:
Rs. 1,392.40 Cr(0.33% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Nifty 100 Index Fund Direct-Growth
(Scheme Rating)
NAV as of Jul 05, 2024
22.330.21%
Expense Ratio:
0.21%
Fund Size:
Rs. 1,392.40 Cr
Fund Category:
Equity: Large Cap
1. Current NAV: The Current Net Asset Value of the Axis Nifty 100 Index Fund - Direct Plan as of Jul 05, 2024 is Rs 22.33 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 32.64% (1yr), 17.5% (3yr) and 18.57% (since launch). Whereas, Category returns for the same time duration are: 39.64% (1yr), 18.71% (3yr) and 17.7% (5yr).
3. Fund Size: The Axis Nifty 100 Index Fund - Direct Plan currently holds Assets under Management worth of Rs 1392.4 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.21% for Direct plan as on Jul 01, 2024.
5. Exit Load: The given fund doesn't attract any Exit Load.
6. Minimum Investment: Minimum investment required is Rs 100 and minimum additional investment is Rs 100. Minimum SIP investment is Rs 100.
Axis Nifty 100 Index Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 7.88 9.64 16.05 32.64 17.50 - Category Avg 8.09 10.69 18.95 39.64 18.71 17.70 Rank within Category 47 50 52 57 38 - No. of funds within Category 163 162 156 150 108 91 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY 100 Total Return Index
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- Nifty 50
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- 3M
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- 1Y
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Axis Nifty 100 Index Fund Direct-Growth Fund Details
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.
Fund House | Axis Mutual Fund |
Launch Date | Oct 18, 2019 |
Benchmark | NIFTY 100 Total Return Index |
Return Since Launch | 18.57% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | Above Average |
Return Grade | Average |
Axis Nifty 100 Index Fund Direct-Growth Investment Details
Minimum Investment (Rs.) | 100.00 |
Minimum Additional Investment (Rs.) | 100.00 |
Minimum SIP Investment (Rs.) | 100.00 |
Minimum Withdrawal (Rs.) | - |
Exit Load | 0% |
Portfolio Allocation
Asset Allocation
Asset Allocation History
Sector Allocation
Market Cap Allocation
Concentration & Valuation Analysis
MAY 2024 | APR 2024 | MAR 2024 | FEB 2024 | JAN 2024 | DEC 2023 | |
---|---|---|---|---|---|---|
Number of Holdings | 101 | 101 | 101 | 101 | 101 | 101 |
Top 5 Company Holdings | 30.83% | 31.28% | 31.63% | 32.48% | 33.17% | 33.68% |
Top 10 Company Holdings | 44.94% | 45.53% | 45.45% | 46.52% | 47.52% | 48.15% |
Company with Highest Exposure | HDFC Bank (9.24%) | HDFC Bank (9.23%) | HDFC Bank (8.97%) | HDFC Bank (9.03%) | HDFC Bank (9.62%) | HDFC Bank (11.31%) |
Number of Sectors | 16 | 16 | 16 | 16 | 16 | 16 |
Top 3 Sector Holdings | 54.03% | 54.88% | 54.59% | 54.43% | 54.83% | 55.03% |
Top 5 Sector Holdings | 69.97% | 70.68% | 70.4% | 70.52% | 70.94% | 71.35% |
Sector with Highest Exposure | Financial (30.28%) | Financial (30.65%) | Financial (29.78%) | Financial (28.24%) | Financial (28.98%) | Financial (30.78%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) HDFC Bank Financial 9.24 19.57 84.20 -2.31 Reliance Industries Energy 7.76 30.88 102.90 18.45 ICICI Bank Financial 6.32 19.11 64.53 19.58 Infosys Technology 4.03 26.07 63.20 21.14 Larsen & Toubro Construction 3.48 38.18 95.00 49.49 ITC Consumer Staples 3.04 26.46 16.39 0.16 TCS Technology 2.99 31.62 126.88 21.33 Bharti Airtel Communication 2.87 115.79 12.35 71.00 Axis Bank Financial 2.65 15.06 85.49 21.75 State Bank of India Financial 2.56 11.25 76.40 43.42
Peer Comparison
Cumulative Returns
SIP returns
Discrete Returns
Quant Measures
Asset Allocation
Scheme Name NAV(Rs./Unit) Scheme Rating AUM(Rs. Cr) 1M 1Y 3Y 5Y Axis Nifty 100 Index Fund Direct-Growth 22.33 1,392.40 7.88 32.64 17.50 - ICICI Prudential Bluechip Fund Direct-Growth 114.99 55,459.29 7.64 40.51 22.53 20.23 JM Large Cap Fund Direct Plan-Growth 183.24 191.85 9.65 48.30 23.41 20.59 Quant Focused Fund Direct-Growth 99.26 1,003.94 3.57 49.64 24.26 25.10 ICICI Prudential BHARAT 22 FOF Direct - Growth 33.52 1,362.13 9.36 68.46 41.44 23.88
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Standard Deviation
Standard Deviation
Standard deviation is the deviation of the fund's return around mean.
Low Volatality
13.16VS13.41Fund Vs Category Avg
Beta
Beta
Beta shows the portfolio risk in relation to the market. A beta of less than 1 means that the fund returns are less volatile compared to the broader market. A beta of more than 1 means that the fund returns are more volatile than the broader markets. A beta equal to 1 means that fund's volatility is in line with the broader market.
High Volatality
1.01VS0.98Fund Vs Category Avg
Sharpe Ratio
Sharpe Ratio
Sharpe ratio is a risk adjusted performance measure. A fund with a higher Sharpe ratio is considered better than a fund with a lower Sharpe ratio.
Poor risk-adjusted returns
0.86VS0.96Fund Vs Category Avg
Treynor's Ratio
Treynor's Ratio
Treynor is a risk adjusted performance measure. A fund with a higher Treynor ratio is considered better than a fund with a lower Treynor ratio.
Poor risk-adjusted returns
11.20VS13.16Fund Vs Category Avg
Jensen's Alpha
Jensen's Alpha
Alpha shows the ability of the fund manager to outperform the market. A higher Alpha is preferred.
Poor risk-adjusted returns
-1.02VS0.93Fund Vs Category Avg
Mean Return
Mean Return
Average return generated by the fund during a specified period.
Poor average monthly returns
16.81VS18.34Fund Vs Category Avg
Risk Ratio Chart
- Risk Ratio
- Category Average
Fund Manager
- A.N.Ashish NaikSince Sep 201912 schemes
- K.K.Karthik KumarSince Aug 202310 schemes
Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur. Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Arbitrage Fund Direct-Growth Arbitrage 18.90 4,938.62 8.39 Axis Balanced Advantage Fund Direct-Growth Dynamic Asset Allocation 21.71 2,183.67 29.69 Axis Regular Saver Fund Direct-Growth Conservative Hybrid 32.51 330.09 11.25 Axis ELSS Tax Saver Direct Plan-Growth ELSS 103.82 34,895.64 29.78 Axis Bluechip Fund Direct Plan-Growth Large Cap 67.35 32,707.97 28.60 Axis Equity Hybrid Fund Direct-Growth Aggressive Hybrid 21.12 1,575.04 23.58 Axis Multi Asset Allocation Direct Plan -Growth Multi Asset Allocation 43.26 1,197.41 23.23 Axis Nifty Bank Index Fund Direct-Growth Sectoral-Banking 10.75 Unrated 118.77 - Axis BSE Sensex Index Fund Direct-Growth Large Cap 11.01 Unrated 45.53 - Axis Business Cycles Fund Direct-Growth Thematic 16.57 Unrated 2,699.44 44.72 Axis Quant Fund Direct-Growth Thematic 17.58 Unrated 1,044.96 36.81 Axis Innovation Fund Direct-Growth Thematic 18.92 Unrated 1,208.96 39.73 Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical) Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Arbitrage Fund Direct-Growth Arbitrage 18.90 4,938.62 8.39 Axis Nifty Bank Index Fund Direct-Growth Sectoral-Banking 10.75 Unrated 118.77 - Axis Nifty IT Index Fund Direct-Growth Sectoral-Technology 12.79 Unrated 104.49 - Axis BSE Sensex Index Fund Direct-Growth Large Cap 11.01 Unrated 45.53 - Axis Equity ETFs FoF Direct-Growth Flexi Cap 16.08 Unrated 19.11 38.81 Axis Nifty Smallcap 50 Index Fund Direct-Growth Small Cap 18.68 Unrated 310.57 72.85 Axis Nifty Midcap 50 Index Fund Direct-Growth Mid Cap 19.49 Unrated 313.07 57.56 Axis Nifty Next 50 Index Fund Direct-Growth Large Cap 17.96 Unrated 197.81 66.46 Axis Nifty 50 Index Fund Direct-Growth Large Cap 14.46 Unrated 449.68 26.56 Axis Quant Fund Direct-Growth Thematic 17.58 Unrated 1,044.96 36.81
More Axis Mutual Fund
Scheme Name | Rating | Asset Size(Cr) | 1M | 3M | 6M | 1Y | 3Y |
---|---|---|---|---|---|---|---|
Axis ELSS Tax Saver Direct Plan-Growth | 34,025.16 | 2.52 | 5.75 | 12.28 | 34.02 | 9.79 | |
Axis Liquid Direct Fund -Growth | 33,841.39 | 0.60 | 1.85 | 3.62 | 7.32 | 5.42 | |
Axis Bluechip Fund Direct Plan-Growth | 32,645.86 | 3.88 | 7.89 | 14.04 | 30.20 | 11.36 | |
Axis Midcap Direct Plan-Growth | 25,264.05 | 2.01 | 6.97 | 11.16 | 38.28 | 18.30 | |
Axis Small Cap Fund Direct-Growth | 19,606.42 | -2.97 | 3.61 | 8.96 | 38.67 | 27.19 | |
Axis Banking & PSU Debt Direct Plan -Growth | 13,930.05 | 0.72 | 2.08 | 3.49 | 7.66 | 5.40 | |
Axis Focused 25 Direct Plan-Growth | 13,538.39 | 2.04 | 5.56 | 10.99 | 30.09 | 7.71 | |
Axis Flexi Cap Fund Direct - Growth | 11,490.97 | 2.19 | 5.72 | 11.30 | 31.23 | 12.13 | |
Axis Growth Opportunities Fund Direct - Growth | 11,310.89 | 2.47 | 9.21 | 14.89 | 44.82 | 19.85 | |
Axis Overnight Fund Direct - Growth | 10,498.82 | 0.52 | 1.67 | 3.39 | 6.83 | 5.13 |
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1. Axis Nifty 100 Index Fund - Direct Plan is Open-ended Large Cap Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Oct 18, 2019.
Investment objective & Benchmark
1. The investment objective of the fund is that " The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY 100 subject to tracking errors. "
2. It is benchmarked against NIFTY 100 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.69% in equities, 0.2% in debts and 0.15% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 44.94% of the assets, the top 3 sectors constitute around 54.03% of the assets.
3. The fund largely follows a Growth oriented style of investing and invests across market capitalisations - around 0.0% in giant & large cap companies, 0.0% in mid cap and 0.0% in small cap companies.
Tax Implications on Axis Nifty 100 Index Fund Direct-Growth
1. Gains are taxed at a rate of 15% (Short-term Capital Gain Tax - STCG) if units are redeemed within 1 year of investment.
2. For units redeemed after 1 year of investment, gains of upto Rs. 1 lakh accruing from those units in a financial year shall be exempted from tax.
3. Gains of more than Rs. 1 lakh will be taxed at a rate of 10% (Long-term Capital Gain Tax - LTCG).
4. For Dividend Distribution Tax, the dividend income from this fund will get added to the income of an investor and taxed according to his/her respective tax slabs.
5. Also, for dividend income in excess of Rs 5,000 in a financial year; the fund house shall deduct a TDS of 10% on such income.
FAQs about Axis Nifty 100 Index Fund Direct-Growth
- Is it safe to invest in Axis Nifty 100 Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Nifty 100 Index Fund - Direct Plan comes under Very High risk category.
- What is the category of Axis Nifty 100 Index Fund - Direct Plan?Axis Nifty 100 Index Fund - Direct Plan belongs to the Equity : Large Cap category of funds.
- How Long should I Invest in Axis Nifty 100 Index Fund - Direct Plan?The suggested investment horizon of investing into Axis Nifty 100 Index Fund - Direct Plan is >3 years. The suggested investment horizon is the minimum time required for holding investments in the fund to reduce its downside risk and ensure that the returns become more predictable.
- Who manages the Axis Nifty 100 Index Fund - Direct Plan?The Axis Nifty 100 Index Fund - Direct Plan is managed by Ashish Naik (Since Sep 27, 2019) and Karthik Kumar (Since Aug 03, 2023).
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