April 14, 2025
mayank
Axis Nifty IT Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 11.2075
NAV IDCW: Rs 11.2075
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) 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) | 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 | 6.75% |
| Benchmark | NIFTY IT TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 126 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.32% |
| (As on 31-Mar-2025) | |
| 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 | -24.13 | 0.68 | -12.50 | -26.29 | -21.99 | -5.62 | — | — | — | — |
| BSE IT TRI | -25.47 | -2.92 | -13.67 | -25.71 | -23.82 | -9.15 | — | — | — | — |
| Equity: Sectoral-Technology | -20.84 | 1.30 | -7.35 | -20.62 | -19.55 | -2.31 | — | — | — | — |
| Rank within category | 19 | 16 | 20 | 19 | 16 | 14 | — | — | — | — |
| Number of funds in category | 19 | 20 | 20 | 19 | 16 | 15 | 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 | -5.62 | — | — | 0.32 | 126 | 6.75 | 0.25 (7) | 1Y 9M | — |
| ICICI Pru Nifty IT Index Dir | Unrated | -5.56 | — | — | 0.37 | 492 | 4.81 | — | 2Y 7M | 37.00 |
| Nippon India ETF Nifty IT | Unrated | -5.42 | -0.34 | — | 0.22 | 2,036 | 19.56 | — | 4Y 9M | 84.00 |
| ICICI Pru Nifty IT ETF | Unrated | -5.39 | -0.29 | — | 0.20 | 417 | 15.23 | — | 4Y 7M | 61.00 |
| ICICI Pru Technology Dir | Unrated | 0.89 | 4.39 | 31.16 | 1.14 | 12,731 | 20.55 | 1.00 (15) | 12Y 3M | 45.00 |
Portfolio Analysis of Axis Nifty IT Index Fund
| No. of Stocks | 10 |
| Top 10 Stocks | 100.02% |
| Top 5 Stocks | 79.09% |
| Top 3 Sectors | 100.02% |
| Portfolio P/B Ratio | 7.63 |
| Portfolio P/E Ratio | 26.52 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 3,76,673 | 2,82,747 |
| Giant (%) | 69.66 | 59.75 |
| Large (%) | 21.71 | 21.05 |
| Mid (%) | 8.63 | 15.73 |
| Small (%) | — | 11.11 |
| Tiny (%) | — | 0.22 |
Chanakya’s Mutual Fund Guidance For Axis Nifty IT Index Fund
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