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This Fund:
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Showing Funds Performance since Sep 07, 2020

Fund Overview

Min. investment

SIP ₹100 & Lump. ₹100

AUM (Fund size)

₹113 Cr

Lock In Period

N/A

Expense Ratio

1.03

Benchmark

Nifty IT 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 IT Index Fund Growth include a ₹10.4565 NAV as of Apr 22,2026 and returns since inception of --%. Minimum investments start at SIP ₹100. The Axis Nifty IT Index Fund Growth AUM is ₹113 Cr, with a lock-in of N/A years, expense ratio of 1.03%, and benchmark Nifty IT 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 8.60% returns, against a category average of 0.37% and a category best of 19.17%.

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Growth Review

DurationFund Return(%)Category Average(%)Category Best(%)
1M8.600.3719.17
6M-9.610.8761.10
1Y-5.794.55159.29
3Y0.0013.17224.97

Portfolio Analysis

  • Equity: 100.17%
  • Debt: -0.17%
  • Others
As on: 2026-03-31
View allocation % by

1. Infosys Limited29.32%
2. Tata Consultancy Services Limited20.68%
3. HCL Technologies Limited12.15%
4. Tech Mahindra Limited10.73%
5. Wipro Limited6.55%
6. Persistent Systems Limited6.48%
7. Coforge Limited4.57%
8. LTIMindtree Limited4.55%
9. Mphasis Limited3.18%
10. Oracle Financial Services Software Limited1.96%

About Fund

Axis Nifty IT Index Fund Growth managed by Axis Mutual Fund,is a Equity - Index Fundscheme with Assets Under Management of ₹113 Crore. The fund benchmarks its performance against the Nifty IT Total Return while maintaining an expense ratio of 1.03. 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 Nifty Chemicals ETF Growth050.66 CR0.25
This FundUTI Nifty Private Bank Index Fund Growth0189.95 CR1.06
This FundAxis Nifty IT Index Fund Growth0112.62 CR1.03
This FundKotak Silver ETF Growth03319.12 CR0.35
This FundICICI Prudential Silver ETF Growth014511.43 CR0.4
Fund Name1Y3Y
This FundKotak Nifty Chemicals ETF Growth00
This FundUTI Nifty Private Bank Index Fund Growth-1.67260
This FundAxis Nifty IT Index Fund Growth-5.7860
This FundKotak Silver ETF Growth155.5388224.0972
This FundICICI Prudential Silver ETF Growth156.1729224.9749

FAQs

Axis Nifty IT 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 IT Index Fund Growth is 1.03. This expense ratio is calculated by dividing the fund's operating expenses by its net assets.

Axis Nifty IT Index Fund Growth’s fund performance is as follows:
  • 1 Month : 8.60%
  • 6 Months : -9.61%
  • 1 Year : -5.79%
  • 3 Years : 0.00%
Returns of Axis Nifty IT Index Fund Growth are updated daily based on NAV of ₹ 10.4565 as on Apr 22,2026. Since inception, the return has been 0.00%.

You can invest in Axis Nifty IT 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 IT Index Fund Growth is ₹113 crore. It changes based on market performance, inflows, and outflows.

You can track your investment in Axis Nifty IT 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