Axis Nifty Next 50 Index Fund Direct-Growth
NAV as of Jul 05, 2024
17.960.68%
- Growth - Direct
(Earn upto 0.77% Extra Returns with Direct Plan)
Fund Category:
Equity: Large Cap
Expense Ratio:
0.23%(0.47% Category
average)Fund Size:
Rs. 197.81 Cr(0.05% of Investment in Category)
- Invest in MFADD TO PORTFOLIO
Axis Nifty Next 50 Index Fund Direct-Growth
NAV as of Jul 05, 2024
17.960.68%
Expense Ratio:
0.23%
Fund Size:
Rs. 197.81 Cr
Fund Category:
Equity: Large Cap
1. Current NAV: The Current Net Asset Value of the Axis Nifty Next 50 Index Fund - Direct Plan as of Jul 05, 2024 is Rs 17.96 for Growth option of its Direct plan.
2. Returns: Its trailing returns over different time periods are: 63.47% (1yr) and 26.05% (since launch). Whereas, Category returns for the same time duration are: 38.41% (1yr), 18.38% (3yr) and 17.34% (5yr).
3. Fund Size: The Axis Nifty Next 50 Index Fund - Direct Plan currently holds Assets under Management worth of Rs 197.81 crore as on May 31, 2024.
4. Expense ratio: The expense ratio of the fund is 0.23% for Direct plan as on Jun 21, 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 Next 50 Index Fund Direct-Growth Returns
Trailing Returns
Rolling Returns
Discrete Period
SIP Returns
1M 3M 6M 1Y 3Y 5Y Annualized Returns 9.73 16.92 35.06 66.46 - - Category Avg 8.09 10.69 18.95 39.64 18.71 17.70 Rank within Category 19 15 13 20 - - No. of funds within Category 163 162 156 150 108 91 - Loading...
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Return Comparison
- This Fund
- BenchmarkNIFTY Next 50 Total Return Index
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Axis Nifty Next 50 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 NEXT 50 subject to tracking errors.
Fund House | Axis Mutual Fund |
Launch Date | Jan 28, 2022 |
Benchmark | NIFTY Next 50 Total Return Index |
Return Since Launch | 27.18% |
Riskometer | Very High |
Type | Open-ended |
Risk Grade | - |
Return Grade | - |
Axis Nifty Next 50 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 | 50 | 50 | 50 | 50 | 50 | 50 |
Top 5 Company Holdings | 21.84% | 20.07% | 19.18% | 19.63% | 19.46% | 18.51% |
Top 10 Company Holdings | 36.96% | 35.08% | 33.73% | 34.42% | 34.19% | 33.17% |
Company with Highest Exposure | Bharat Electronics (5.2%) | Trent (4.94%) | Trent (4.77%) | Trent (4.79%) | Shriram Finance (4.1%) | Trent (4.18%) |
Number of Sectors | 13 | 13 | 13 | 13 | 13 | 13 |
Top 3 Sector Holdings | 51.43% | 49.79% | 48.45% | 45.72% | 45.18% | 45.16% |
Top 5 Sector Holdings | 72.44% | 71.31% | 70.4% | 68.59% | 68.8% | 68.43% |
Sector with Highest Exposure | Financial (19.11%) | Financial (19.74%) | Financial (19.17%) | Financial (16.09%) | Financial (16.73%) | Financial (16.21%) |
Top Stock Holdings
Sector Holdings in MF
Company Sector Assest(%) P/E EPS-TTM(₹) RETURN 1 YR(%) Bharat Electronics Capital Goods 5.2 59.45 5.45 135.31 Trent Services 4.93 134.37 41.82 210.60 Hindustan Aeronautics Capital Goods 4.57 48.72 113.96 154.23 Tata Power Company Energy 3.63 38.03 11.57 100.52 Power Fin. Corp. Financial 3.51 8.92 59.88 204.20 REC Financial 3.26 10.81 53.72 233.31 Siemens Capital Goods 3.04 120.28 65.56 87.92 Vedanta Metals & Mining 2.95 41.55 11.40 66.45 Indigo Services 2.94 20.42 211.73 77.57 Indian Oil Corporation Energy 2.93 5.80 29.55 81.84
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 Next 50 Index Fund Direct-Growth 17.96 Unrated 197.81 9.73 66.46 - - ICICI Prudential BHARAT 22 FOF Direct - Growth 33.52 1,362.13 9.36 68.46 41.44 23.88 Baroda BNP Paribas Large Cap Fund Direct-Growth 253.34 1,965.74 9.23 44.23 21.68 20.67 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
Risk Ratios
Ratios are calculated using the calendar month returns for the last 3 years
Risk Ratio data not available for this fund
Fund Manager
- S.R.Sachin RelekarSince Apr 20243 schemes
- K.K.Karthik KumarSince Aug 202310 schemes
Mr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur. Prior to joining Axis Mutual Fund, he has worked with Bandhan Mutual Fund (formerly IDFC Mutual Fund), LIC Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.
Scheme Name Category Nav(Rs./Unit) Scheme Rating Asset(Rs. Cr) 1Y Axis Flexi Cap Fund Direct-Growth Flexi Cap 28.05 12,011.72 35.18 Axis Focused Direct Plan-Growth Flexi Cap 60.10 13,341.11 24.53 Axis Value Fund Direct-Growth Value Oriented 18.57 Unrated 562.25 53.73 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 100 Index Fund Direct-Growth Large Cap 22.33 1,392.40 32.64 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 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 Next 50 Index Fund - Direct Plan is Open-ended Large Cap Equity scheme which belongs to Axis Mutual Fund House.
2. The fund was launched on Jan 28, 2022.
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 NEXT 50 subject to tracking errors. "
2. It is benchmarked against NIFTY Next 50 Total Return Index.
Asset Allocation & Portfolio Composition
1. The asset allocation of the fund comprises around 99.06% in equities, 1.6% in debts and -0.68% in cash & cash equivalents.
2. While the top 10 equity holdings constitute around 36.96% of the assets, the top 3 sectors constitute around 51.43% of the assets.
3. The fund largely follows a Blend 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 Next 50 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 Next 50 Index Fund Direct-Growth
- Is it safe to invest in Axis Nifty Next 50 Index Fund - Direct Plan?As per SEBI’s latest guidelines to calculate risk grades, investment in the Axis Nifty Next 50 Index Fund - Direct Plan comes under Very High risk category.
- What is the category of Axis Nifty Next 50 Index Fund - Direct Plan?Axis Nifty Next 50 Index Fund - Direct Plan belongs to the Equity : Large Cap category of funds.
- How Long should I Invest in Axis Nifty Next 50 Index Fund - Direct Plan?The suggested investment horizon of investing into Axis Nifty Next 50 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 Next 50 Index Fund - Direct Plan?The Axis Nifty Next 50 Index Fund - Direct Plan is managed by Sachin Relekar (Since Apr 05, 2024) and Karthik Kumar (Since Aug 03, 2023).
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