3 Year return

17.76%
Launched on September 2019 (5 years)

Investment Details

₹100

Minimum SIP Amount

₹100

Minimum one time investment

Fund has no lock-in period

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Based on past performance of this fund

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Your Investment ₹3,00,000
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Risk Involved

scale

Your principal will be at

Very High Risk

Scheme Information

Asset Under Management

₹1557.32 Cr.

Expense Ratio

0.21% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

3
0
0

Tax Implications

Withdrawal within 1 year:

15% tax on gains

Withdrawal after 1 year:

10% tax on gains above ₹1 lakh per financial year

Fund Holdings

Holdings

Axis Mutual Fund Managers

AN

Ashish Naik

Fund Manager since Apr 2022

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹292,977.03 Cr.
No. of Schemes 249
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About About Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment

Axis Nifty 100 Index Fund, managed by Axis Mutual Fund, falls within the index funds category, aiming to provide investors with returns closely mirroring the Nifty 100 Index. This direct plan offers the IDCW Reinvestment scheme, ensuring that dividends declared are automatically reinvested for compounded growth. The fund has an extremely low expense ratio which is also lower than the category average.

Investment Objective of the Scheme

The primary objective of this scheme is to replicate the performance of the Nifty 100 Index by investing in the same stocks and proportions. Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment achieves this goal by closely tracking the Nifty 100 Index. The fund aims to provide investors with returns similar to those of the underlying index.

Key Features of The Fund

5-year return NA
Expense Ratio 0.21%
Fund Manager Ashish Naik
Fund Size ₹1557.32 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you're looking for an investment that closely mirrors the Nifty 100 Index and offers the benefit of reinvesting dividends for compounded growth, Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment could be suitable. This fund aligns with those seeking to passively invest in the Nifty 100 Index's performance. Keep in mind that index funds carry market risks. Evaluate your investment goals and risk tolerance before considering this fund. Consulting financial experts can offer personalised advice for informed investment decisions.

AMC Contact Details

Name Axis Mutual Fund
Launch Date January 2009
Addresss Axis House, First Floor, C-2, Wadia International Centre, Pandurang Budhkar Marg, Worli, Mumbai - 400025
Contact 8108622211
Email customerservice@axismf.com
Website https://www.axismf.com/

Disclaimer: Mutual funds are subject to market risk. Read all scheme-related documents carefully to make informed-decision.

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FAQs

What is today's NAV of Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

NAV, or Net Asset Value, is the price of a single unit of a mutual fund. It is calculated by dividing the current value of holdings held by the mutual fund scheme at the end of the day by the total number of units issued. The NAV changes every day. The NAV of Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment Jul 19 2024 is 22.4227

What is the AUM of Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

Short for Asset Under Management, AUM means the total assets held by a mutual fund scheme. The AUM of the fund changes every day based on the fluctuation in the price of the underlying assets. Fund houses don't update AUM on a daily basis. They only update it at the end of the month and release it within a few days of the following month. The AUM of Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment is 1557.32 crore.

What is the expense ratio of Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

The expense ratio is the annual charges you pay to the mutual fund house for managing your investments. It is a percentage of Assets Under Management. It is deducted from the fund’s returns. The expense ratio of Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment is 0.21%

What are the returns of Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment since inception?

The Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment was launched on Sep 27 2019. The fund has delivered a CAGR of 18.5 since inception.

What is the minimum SIP amount to invest in Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

A Systematic Investment Plan (SIP) in mutual funds allows you to invest small amounts periodically instead of a one-time investment. The frequency of investment can be monthly, quarterly, half-yearly or annually, as per your convenience. The minimum SIP for Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment is 100.

How do I invest in Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

  1. Make sure you are logged in to Angel One.
  2. Select the type of investment: SIP or one-time.
  3. In case of an SIP, select the amount and date and click ‘Start SIP’. In case of a one-time investment, enter just the amount.
  4. Proceed by clicking the pay button and choosing your mode of payment.
  5. Your portfolio will be updated with this investment in 3-5 working days.

How to start an SIP in Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

  1. Click on the ‘Invest’ button.
  2. Enter your desired SIP amount and the SIP date.
  3. You can uncheck the ‘Make first payment now’ box if you don’t want to make the payment right away.
  4. Choose your payment method between UPI and Net Banking.
  5. Make your payment.
  6. Your SIP is created.

How do I automate an SIP in Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

  1. Once you create an SIP, click on ‘Set up autopay’
  2. Select your desired verification method - debit card, net banking or Aadhar method credentials - and click on submit.
  3. Once you verify the OTP, your mandate request will be created.

How can I withdraw/redeem my investment in Axis Nifty 100 Index Fund Direct Plan IDCW Reinvestment?

  1. Go to the ‘Investments’ section and click on the mutual fund scheme you want to withdraw.
  2. Enter the amount you want to withdraw and tap the ‘Withdraw’ button.
  3. Verify the details on the ‘Confirm withdraw’ screen.
  4. Select the bank account in which you want to receive the funds.
  5. You will receive your funds within three working days of placing the order.
  6. You can track your order in the ‘Orders’ section.