3 Year return

0
Launched on November 2021 (3 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

₹449.68 Cr.

Expense Ratio

0.12% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
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

JG

Jinesh Gopani

Fund Manager since Jan 2020

View Details

Fund House Details

Axis Mutual Fund

Axis Mutual Fund Asset management company

AUM ₹292,977.03 Cr.
No. of Schemes 248
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About Axis Nifty 50 Index Fund Direct Plan-Growth

The Axis Nifty 50 Index Fund Direct Plan-Growth is an open-ended index mutual fund by Axis Mutual Fund. This fund is in the category of index funds aiming to replicate the returns of the Nifty 50 Index. The Nifty 50 Index is made up of the 50 most actively traded and largest stocks in terms of market cap that are listed on the National Stock Exchange (NSE) of India. The fund allocates your wealth to a basket of quality stocks.

Investment Objective of the Scheme

The Axis Nifty 50 Index Fund Direct Plan-Growth has a single most important objective and that is to offer you returns that similarly align with the returns of the Nifty 50 Index. The fund aims at investment in identical stocks and in exact proportions to the index, letting investors gain exposure to the whole portfolio of Nifty 50 stocks via a sole investment instrument. The scheme provides a passive investment strategy, where the performance of the fund mirrors the performance of the underlying Nifty 50 Index.

Key Features of The Fund

5-year return NA
Expense Ratio 0.12%
Fund Manager Jinesh Gopani
Fund Size ₹449.68 Cr
Risk Profile Very High

Is This Scheme Right for Me?

If you want a diversified portfolio of the leading fifty companies, then the Axis Nifty 50 Index Fund Direct Plan-Growth may be considered. You may have a moderate to high-risk tolerance and may wish to be one of those investors wanting to invest in an array of top companies across various sectors of the Indian market. Before you consider any investment, you may want to assess your financial requirements and future goals.

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 50 Index Fund?

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 50 Index Fund Jul 11 2024 is 14.4575

What is the AUM of Axis Nifty 50 Index Fund?

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 50 Index Fund is 449.68 crore.

What is the expense ratio of Axis Nifty 50 Index Fund?

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 50 Index Fund is 0.12%

What are the returns of Axis Nifty 50 Index Fund since inception?

The Axis Nifty 50 Index Fund was launched on Nov 15 2021. The fund has delivered a CAGR of 15.23 since inception.

What is the minimum SIP amount to invest in Axis Nifty 50 Index Fund?

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 50 Index Fund is 100.

How do I invest in Axis Nifty 50 Index Fund?

  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 50 Index Fund?

  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 50 Index Fund?

  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 50 Index Fund?

  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.