June 25, 2024
mayank
Axis Nifty 500 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @chanakyamfguidance
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Past Performance of NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Axis Nifty 500 Index Fund Open Date, Close Date?
NFO opens on June 26, 2024
NFO will close on July 09, 2024
What is the Investment Strategy?
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty 500 TRI, subject to tracking errors.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 26 June 2024 |
| Issue Close | 09 July 2024 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | NIFTY 500 TRI |
What is the Benchmark Index of Axis Nifty 500 Index Fund?
The Nifty 500 index represents top 500 companies selected based on full market capitalization from the eligible universe.
Nifty 500 Index is computed using free float market capitalization method, wherein the level of the index reflects the total free float market value of all the stocks in the index relative to particular base period. Nifty 500 can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variants: Nifty 500 Total Returns Index, Nifty500 Industry Indices.
Past Performance of Benchmark Index
| Index Returns (%) | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | 4.19 | 8.62 | 33.85 | 16.57 | 10.92 |
| Total Return | 4.42 | 9.04 | 35.17 | 17.85 | 12.63 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 10.60 | 18.34 | 22.37 |
| Beta (NIFTY 50) | 0.98 | 0.95 | 0.93 |
| Correlation (NIFTY 50) | 0.94 | 0.98 | 0.95 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 24.48 | 4.25 | 1.08 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| HDFC Bank Ltd. | 6.78 |
| Reliance Industries Ltd. | 5.70 |
| ICICI Bank Ltd. | 4.64 |
| Infosys Ltd. | 2.96 |
| Larsen & Toubro Ltd. | 2.55 |
| ITC Ltd. | 2.23 |
| Tata Consultancy Services Ltd. | 2.19 |
| Bharti Airtel Ltd. | 2.10 |
| Axis Bank Ltd. | 1.94 |
| State Bank of India | 1.88 |
Performance Review of the Fund Managers of Axis Nifty 500 Index Fund?
1) Karthik Kumar
Education: Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical)
Experience: Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
Past Performance of his Schemes
| Fund | Axis Quant Fund | It’s Benchmark | Axis NIFTY Healthcare ETF | It’s Benchmark |
| 1 Year | 36.03 | 39.92 | 44.60 | 48.06 |
| 3 Year | — | — | 13.86 | 14.70 |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 25-06-2024
2) Sachin Relekar
Education: Mr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur.
Experience: Prior to joining Axis Mutual Fund, he has worked with Bandhan Mutual Fund (formerly IDFC Mutual Fund), LIC Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.
Past Performance of his Schemes
| Fund | Axis Flexi Cap Fund | It’s Benchmark | Axis Nifty Next 50 Index Fund | It’s Benchmark |
| 1 Year | 35.03 | 39.92 | 65.85 | 32.66 |
| 3 Year | 13.95 | 19.47 | — | — |
| 5 Year | 16.31 | 19.88 | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 25-06-2024
Which Company Owns Axis Nifty 500 Index Fund?
Axis Asset Management Company Ltd.
Address: 23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai – 400013
Website: http://www.axismf.com
Registrar & Transfer Agent:
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Is it good to invest in Axis Nifty 500 Index Fund NFO?
Guidance for Axis Nifty 500 Index Fund by Paresh Gordhandas, C.A., Research Analyst.
The Axis Nifty 500 Index Fund is based on the Nifty 500 Index as its benchmark. The Benchmark Index has given return of 40.30% in one year time frame and 19.41% in 3 years time frame.
The Axis Nifty 500 Index Fund can be compared with the Motilal Oswal Nifty 500 Index Fund which has given one year return of 39.98% and three year return of 18.90%.
Since this is an Index Fund, the fund will monitor its benchmark and hence stock picking is not that important in this kind of Fund. The Fund will have a well-diversified portfolio with a 73 percent allocation in large-cap, 17 percent in mid-cap, and 10 percent in small-cap stocks. This results in diversification across 21 sectors within the investing universe.
The fund is a simple passive fund suitable for all kinds of investors. Can invest in this Fund.
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