December 14, 2023
mayank
Axis Nifty IT Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 11.1103
NAV IDCW: Rs 11.1103
Suitable For Which Investors?
This is a fund that invests mainly in shares of companies in the information technology sector.
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 corresponds to the total returns of the NIFTY IT TRI subject to tracking errors.
Fund Manager:
1) Hitesh Das
Education: Mr. Das is a PGDM, M.Tech, B.Tech
Experience: Prior to joining Axis Mutual Fund, he has worked with Barclays Securities India Pvt. Ltd., Credit Suisse Securities (India) Pvt. Ltd., Ebusinessware (India) Pvt. Ltd., Yes Bank.
Investment Details
| Min. Investment (Rs) | 100 |
| 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 IT Index Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 14-Jul-23 |
| Return Since Launch | 11.10% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 93 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.29% |
| (As on 30-Nov-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Axis Nifty IT Index Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Nifty IT Index Dir | — | -1.27 | 7.89 | 1.19 | — | — | — | — | — | — |
| S&P BSE IT TRI | — | -1.12 | 7.82 | 2.97 | — | — | — | — | — | — |
| Equity: Sectoral-Technology | — | -0.59 | 7.05 | 3.84 | — | — | — | — | — | — |
| Rank within category | — | 9 | 3 | 9 | — | — | — | — | — | — |
| Number of funds in category | 7 | 11 | 11 | 11 | 7 | 7 | 5 | 5 | 5 | 4 |
Peer Comparison of Axis Nifty IT 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 IT Index Dir | Unrated | — | — | — | 0.29 | 93 | 11.10 | 0.25 (7) | 5M | — |
| ICICI Pru Technology Dir | Unrated | 17.36 | 21.84 | 23.59 | 0.89 | 11,580 | 22.29 | 1.00 (15) | 10Y 11M | 64.00 |
| Tata Digital Ind Dir | Unrated | 22.26 | 24.06 | 23.93 | 0.35 | 8,606 | 20.57 | 0.25 (30) | 7Y 11M | 23.24 |
| ABSL Digital Ind Dir | Unrated | 26.15 | 24.13 | 25.49 | 0.82 | 4,284 | 22.33 | 1.00 (30) | 10Y 11M | 34.00 |
| SBI Tech Opp Dir | Unrated | 16.08 | 23.03 | 23.13 | 0.86 | 3,423 | 21.04 | 0.50 (15) | 10Y 11M | 33.00 |
Portfolio Analysis of Axis Nifty IT Index Fund
| No. of Stocks | 10 |
| Top 10 Stocks | 99.63% |
| Top 5 Stocks | 78.42% |
| Top 3 Sectors | 99.63% |
| Portfolio P/B Ratio | 7.64 |
| Portfolio P/E Ratio | 26.72 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,45,737 | 2,69,742 |
| Giant (%) | 77.02 | 65.42 |
| Large (%) | 8.88 | 11.68 |
| Mid (%) | 14.09 | 19.73 |
| Small (%) | — | 8.29 |
| Tiny (%) | — | 0.06 |
How to Invest in Axis Nifty IT Index Fund?
Chanakya’s Mutual Fund Guidance For Axis Nifty IT Index Fund
Do not invest in this, or any other technology 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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