3 Year return

0
Launched on January 2022 (2 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

₹165.8 Cr.

Expense Ratio

0.23% (inclusive of GST)

Exit Load

Nil

Ratings

ARQ Rating
0

Ratings by other agencies

0
0
0

Tax Implications

There are no records found for Tax Implications.

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 ₹275,166.00 Cr.
No. of Schemes 245
Setup Date NA

Peer Comparison

Comparison with other similar funds

Schemes by Axis Mutual Fund

List of mutual fund schemes by AMC

About the Axis Nifty Next 50 Index Fund Direct Plan Growth

The Axis Nifty Next 50 Index Fund Direct Plan Growth is an open-ended equity mutual fund scheme that aims to track the performance of the Nifty Next 50 Index. The fund is managed by Axis Mutual Fund, one of the leading mutual fund houses in India. The fund has a track record of generating consistent returns over the long term.

Investment Objectives of the Scheme

The investment objective of the Axis Nifty Next 50 Index Fund Direct Plan Growth is to track the performance of the Nifty Next 50 Index. The fund will invest in a diversified portfolio of stocks that are included in the Nifty Next 50 Index. The fund's returns will be closely correlated to the performance of the Nifty Next 50 Index.

Key Features of The Fund

5-year return NA
Expense Ratio 0.23%
Fund Manager Jinesh Gopani
Fund Size ₹165.8 Cr
Risk Profile Very High

Is This Scheme Right for Me?

The Axis Nifty Next 50 Index Fund Direct Plan Growth is a good option for investors who are looking for a low-cost way to invest in the Nifty Next 50 Index. The fund is suitable for investors who have a time horizon of at least 3 years. However, it is important to note that the fund is not a risk-free investment. The fund's returns can go down as well as up. Investors should only invest in the fund if they are comfortable with the risk of losing money.

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.

Ready to Invest? Start Your SIP Now!

Craft your ideal SIP plan effortlessly with our intuitive SIP return calculator, streamlining the process of initiating your SIP account. Enjoy a seamless account opening experience and embark on your investment journey with ease and assurance. With our support, you can navigate the complexities of investing with confidence, knowing that your financial goals are within reach.

FAQs

What is today's NAV of Axis Nifty Next 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 Next 50 Index Fund May 27 2024 is 16.9355

What is the AUM of Axis Nifty Next 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 Next 50 Index Fund is 165.8 crore.

What is the expense ratio of Axis Nifty Next 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 Next 50 Index Fund is 0.23%

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

The Axis Nifty Next 50 Index Fund was launched on Jan 07 2022. The fund has delivered a CAGR of 25.41 since inception.

What is the minimum SIP amount to invest in Axis Nifty Next 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 Next 50 Index Fund is 100.

How do I invest in Axis Nifty Next 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 Next 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 Next 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 Next 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.