December 13, 2023
mayank
Axis Nifty Bank ETF details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 478.0078
Suitable For Which Investors?
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the NIFTY Bank Index subject to tracking errors.
Fund Manager:
1) Ashish Naik
Education: Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.
Experience: Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.
2) 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
Investment Details
| Min. Investment (Rs) | 5,000 |
| Min. Addl Investment (Rs) | — |
| Min. SIP Investment (Rs) | — |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | — |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0 |
Basic Details of Axis Nifty Bank ETF
| Fund House | Axis Mutual Fund |
| Launch Date | 05-Nov-20 |
| Return Since Launch | 19.63% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 218 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.18% |
| (As on 31-Oct-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Axis Nifty Bank ETF Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Nifty Bank ETF | 10.28 | -0.46 | 7.45 | 3.44 | 7.33 | 8.48 | 16.10 | — | — | — |
| Equity: Sectoral-Banking | 16.83 | -0.13 | 8.05 | 7.18 | 14.15 | 15.16 | 18.84 | — | — | — |
| Rank within category | 30 | 27 | 29 | 39 | 33 | 29 | 11 | — | — | — |
| Number of funds in category | 34 | 44 | 43 | 43 | 37 | 34 | 26 | 16 | 16 | 10 |
Peer Comparison of Axis Nifty Bank ETF
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis Nifty Bank ETF | Unrated | 8.48 | 16.10 | — | 0.18 | 218 | 19.63 | — | 3Y 1M | — |
| ICICI Pru Banking & Fin Srvces Reg | 4 star | 15.19 | 18.05 | 12.58 | 1.86 | 7,022 | 16.69 | 1.00 (15) | 15Y 3M | 51.00 |
| Nippon Ind Banking & Fin Srvices Reg | 4 star | 22.05 | 24.88 | 14.44 | 1.94 | 4,846 | 21.01 | 1.00 (30) | 20Y 6M | 31.00 |
| Tata Banking & Fin Srvcs Reg | 4 star | 20.32 | 17.68 | 15.90 | 2.04 | 1,787 | 16.98 | 0.25 (30) | 7Y 11M | 20.14 |
| Sundaram Fin Srvices Opp Reg | 5 star | 28.09 | 22.04 | 18.34 | 2.26 | 942 | 14.97 | 1.00 (365) | 15Y 6M | 77.00 |
Portfolio Analysis
| No. of Stocks | 12 |
| Top 10 Stocks | 97.13% |
| Top 5 Stocks | 81.69% |
| Top 3 Sectors | 99.81% |
| Portfolio P/B Ratio | 2.24 |
| Portfolio P/E Ratio | 15.58 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 4,49,112 | 2,80,812 |
| Giant (%) | 81.85 | 64.74 |
| Large (%) | 12.28 | 18.85 |
| Mid (%) | 5.87 | 14.38 |
| Small (%) | — | 6.62 |
| Tiny (%) | — | — |
How to Invest in Axis Nifty Bank ETF?
Chanakya’s Mutual Fund Guidance For Axis Nifty Bank ETF
Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Apply Online: https://www.axismf.com/mutual-funds
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