August 13, 2026
mayank
Axis Nifty Bank Index Fund
| Fund at a Glance | |
| NAV Growth (Rs.) | 11.88 |
| NAV IDCW (Rs.) | 11.88 |
| NAV Bonu (Rs.) | — |
| Min. Investment (Rs.) | 500 |
| Min. SIP Investment (Rs.) | 100 |
| Min. No of Cheques | 6 |
| Benchmark | NIFTY Bank TRI |
| AUM Rs. | 183 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.14% |
| 1 Year Return (%) | 4.08 |
| 3 Year Return (%) | — |
| 5 Year Return (%) | — |
| 10 Year Return (%) | — |
| Return Since Launch | 8.10% |
Suitable For Which Investors?
Banking funds are suitable for investors:
1. Wanting a small, supporting exposure to the financial services sector
2. Aiming for long term wealth creation
3. With a 7+ year investment horizon, who can withstand the sharper swings of a concentrated portfolio
Note:
• Most investors can skip these funds and stick to diversified equity funds instead
• If you choose to invest, do so only through SIP
• Being passively managed, the fund replicates the portfolio of its chosen benchmark index
Fund’s Investment Strategy:
The scheme seeks to provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors.
Fund Manager:
1) Nandik Mallik
Education: Mr. Mallik holds B.Tech degree and has also done PGDM (IIM Calcutta) and MS- Finance (London Business School).
Experience: Prior to joining the Axis MF, he was working with Avendus Capital Public Markets Alternate Strategies LLP, ICICI Prudential Asset Management Company Ltd, Edelweiss AMC, DC India Capital, Credit-Suisse (London), BNP Paribas (London), NM Rothschild (Mumbai) and Fair Isaac (Bangalore).
2) Rohit Gautam
Education: B.Tech. from IIT Bombay, PGDM from IIM Ahmedabad
Experience: Prior to joining the Axis MF, he was associated with IndiaFirst Life Insurance, Shriram AMC, Greater Pacific Capital.
Investment Details
| Min. Investment (Rs) | 500 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 100 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 7 days |
Basic Details of Axis Nifty Bank Index Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 24-May-24 |
| Return Since Launch | 8.10% |
| Benchmark | NIFTY Bank TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | 183 Cr |
| (As on 31-Jul-2026) | |
| Expense | 0.14% |
| (As on 31-Jul-2026) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Axis Nifty Bank Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Nifty Bank Index Dir | -3.15 | -0.42 | -0.89 | 6.10 | -4.97 | 4.08 | — | — | — | — |
| BSE Financial Services TRI | -3.61 | -0.27 | -1.27 | 5.04 | -4.12 | 2.11 | — | — | — | — |
| Equity: Sectoral-Banking & Financial Services | -0.19 | -0.20 | -0.72 | 5.03 | -1.91 | 7.89 | — | — | — | — |
| Rank within category | 29 | 41 | 20 | 10 | 29 | 29 | — | — | — | — |
| Number of funds in category | 40 | 47 | 47 | 45 | 41 | 39 | 21 | 14 | 11 | 11 |
Peer Comparison of Axis Nifty Bank Index Fund
| 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 Index Dir | Unrated | 4.08 | — | — | 0.14 | 183 | 8.10 | 0.25 (7) | 2Y 2M | — |
| ICICI Pru Nifty Bank Index Dir | 2 out of 5 stars | 4.13 | 9.67 | — | 0.13 | 779 | 12.06 | — | 4Y 5M | 29.00 |
| Motilal Oswal Nifty Bank Index Dir | 2 out of 5 stars | 4.10 | 9.66 | 10.50 | 0.23 | 673 | 11.58 | 1.00 (15) | 6Y 11M | 29.00 |
| Navi Nifty Bank Index Dir | 1 out of 5 stars | 4.04 | 9.69 | — | 0.15 | 640 | 9.65 | — | 4Y 6M | 36.00 |
| Nippon India ETF Nifty Bank BeES | Unrated | 4.10 | 9.72 | 10.55 | 0.16 | 8,379 | 15.75 | — | 22Y 2M | 36.00 |
Axis Nifty Bank Index Fund Portfolio Analysis
| No. of Stocks | 14 |
| Top 10 Stocks | 86.78% |
| Top 5 Stocks | 61.11% |
| Top 3 Sectors | 99.72% |
| Portfolio P/B Ratio | 1.71 |
| Portfolio P/E Ratio | 13.23 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,42,984 | 2,97,229 |
| Large (%) | 74.47 | 73.67 |
| Mid (%) | 25.53 | 18.39 |
| Small (%) | — | 11.98 |
Note: Mutual fund investments are subject to market risks, read all scheme-related documents carefully.
Apply Online: https://www.axismf.com/Online/Login OR
https://www.axismf.com/mutual-funds
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