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This Fund:
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Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹100 & Lump. ₹500

AUM (Fund size)

₹138 Cr

Lock In Period

N/A

Expense Ratio

1.01

Benchmark

Nifty Bank Total Return

Exit Load

If redeemed/ switched out within 7 days from the date of allotment/ Investment - 0.25%If redeemed/ switched out after 7 days from the date of allotment/ Investment - Nil.

Summary

Latest details for Axis Nifty Bank Index Fund Growth include a ₹11.6167 NAV as of Apr 21,2026 and returns since inception of --%. Minimum investments start at SIP ₹100. The Axis Nifty Bank Index Fund Growth AUM is ₹138 Cr, with a lock-in of N/A years, expense ratio of 1.01%, and benchmark Nifty Bank Total Return. Exit load is - If redeemed/ switched out within 7 days from the date of allotment/ Investment - 0.25%If redeemed/ switched out after 7 days from the date of allotment/ Investment - Nil.. In the growth review for 1M Month/Year, the fund recorded 5.82% returns, against a category average of 0.94% and a category best of 17.99%.

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M5.820.9417.99
6M-3.031.2260.98
1Y3.954.95159.58
3Y0.0013.02221.39

Portfolio Analysis

  • Equity: 100.17%
  • Debt: -0.16%
  • Others
As on: 2026-03-31
View allocation % by

1. HDFC Bank Limited18.96%
2. ICICI Bank Limited14.08%
3. Axis Bank Limited9.98%
4. Kotak Mahindra Bank Limited9.70%
5. The Federal Bank Limited6.16%
6. IndusInd Bank Limited4.78%
7. AU Small Finance Bank Limited4.48%
8. IDFC First Bank Limited3.78%
9. Yes Bank Limited2.87%

1. State Bank of India9.91%
2. Bank of Baroda4.43%
3. Canara Bank4.04%
4. Punjab National Bank3.37%
5. Union Bank of India3.07%

About Fund

Axis Nifty Bank Index Fund Growth managed by Axis Mutual Fund,is a Equity - Index Fundscheme with Assets Under Management of ₹138 Crore. The fund benchmarks its performance against the Nifty Bank Total Return while maintaining an expense ratio of 1.01. Under the expert guidance of Nandik Mallik ,the fund implements a disciplined investment approach aligned with its mandate. The scheme requires a minimum investment of ₹500 for SIP and ₹1,000 for lump sum investments, making it accessible to diverse investor profiles.

Fund Managers

Nandik Mallik

Mr. Nandik Mallik holds B.Tech degree and has also done PGDM (IIM Calcutta) and MS- Finance (London Business School). Prior to joining the Axis MF, he was working with Avendus Capital Public Markets Alternate Strategies LLP, ICICI Prudential Asset Management Company Ltd, Edelweiss AMC, DC India Capital, Credit-Suisse (London), BNP Paribas (London), NM Rothschild (Mumbai) and Fair Isaac (Bangalore).

Peer Comparison

Fund NameRatingsAUMExpense Ratio
This FundKotak Nifty200 Quality 30 Index Fund Growth014 CR0.6
This FundKotak Nifty Alpha 50 Index Fund Growth024.55 CR0.94
This FundAxis Nifty Bank Index Fund Growth0138.39 CR1.01
This FundKotak Silver ETF Growth03319.12 CR0.35
This FundICICI Prudential Silver ETF Growth014511.43 CR0.4
Fund Name1Y3Y
This FundKotak Nifty200 Quality 30 Index Fund Growth00
This FundKotak Nifty Alpha 50 Index Fund Growth00
This FundAxis Nifty Bank Index Fund Growth3.94660
This FundKotak Silver ETF Growth158.3661220.5055
This FundICICI Prudential Silver ETF Growth159.017221.3937

FAQs

Axis Nifty Bank Index Fund Growth's fund is managed by experienced SEBI-registered investment fund manager , who implements the fund's strategy through research-backed decisions while adhering to its stated objectives.

The expense ratio of Axis Nifty Bank Index Fund Growth is 1.01. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

Axis Nifty Bank Index Fund Growth’s fund performance is as follows:
  • 1 Month : 5.82%
  • 6 Months : -3.03%
  • 1 Year : 3.95%
  • 3 Years : 0.00%
Returns of Axis Nifty Bank Index Fund Growth are updated daily based on NAV of ₹ 11.6167 as on Apr 21,2026. Since inception, the return has been 0.00%.

You can invest in Axis Nifty Bank Index Fund Growth through SIP with a minimum of ₹500 monthly or make a lump sum investment of a minimum ₹1,000. Additional purchase minimums vary by scheme.

The fund size (AUM) of Axis Nifty Bank Index Fund Growth is ₹138 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in Axis Nifty Bank Index Fund Growth through our website, our Choice FinX mobile app, regular statements, and email updates. Our customer support team is available for queries.
Min Inv Amount: ₹500