December 18, 2023
mayank
Axis Nifty Next 50 Index Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by Chanakyamfguidance.com
Current NAV:
NAV Growth: Rs 12.7290
NAV IDCW: Rs 12.7289
Suitable For Which Investors?
When you invest for five years or more, you can expect gains that comfortably beat the inflation rate as well as returns of fixed income options. But be prepared for ups and downs in your investment value along the way.
This is a fund that invests in big companies. Compared to those that invest in smaller companies, such funds tend to fall less when stock prices fall. Therefore, they are more suited to conservative equity investors.
Like for all equity funds, you must invest only through the SIP route.
Fund’s Investment Strategy:
The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY NEXT 50 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
2) Shreyash Devalkar
Education: Mr. Devalkar is a B.Tech from UDCT Mumbai and PGDM (Management) from JBIMS Mumbai University
Experience: Prior to joining Axis Mutual Fund he has worked with BNP Paribas Mutual Fund as a Fund Manager, IDFC Capital, JP Morgan Services India and Calyon 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 |
Basic Details of Axis Nifty Next 50 Index Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 28-Jan-22 |
| Return Since Launch | 13.70% |
| Benchmark | NIFTY Next 50 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 97 Cr |
| (As on 30-Nov-2023) | |
| Expense | 0.23% |
| (As on 30-Nov-2023) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Axis Nifty Next 50 Index Fund Trailing Returns (%)
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Nifty Next 50 Index Dir | 23.34 | 0.06 | 11.86 | 12.84 | 19.89 | 19.55 | — | — | — | — |
| S&P BSE 100 TRI | 21.52 | 1.09 | 9.21 | 7.11 | 16.28 | 19.25 | — | — | — | — |
| Equity: Large Cap | 23.91 | 0.83 | 9.65 | 8.92 | 18.21 | 21.26 | — | — | — | — |
| Rank within category* | 45 | 91 | 18 | 17 | 26 | 51 | — | — | — | — |
| Number of funds in category* | 95 | 100 | 100 | 99 | 97 | 95 | 62 | 52 | 45 | 45 |
Peer Comparison of Axis Nifty Next 50 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 Next 50 Index Dir | Unrated | 19.55 | — | — | 0.23 | 97 | 13.70 | — | 1Y 10M | — |
| ICICI Pru Bluechip Dir | 5 star | 24.48 | 21.93 | 17.58 | 1.01 | 44,425 | 16.06 | 1.00 (365) | 10Y 11M | 23.00 |
| SBI Bluechip Dir | 4 star | 19.28 | 18.67 | 16.63 | 0.87 | 40,741 | 15.81 | 1.00 (365) | 10Y 11M | 16.00 |
| Mirae Asset Large Cap Dir | 4 star | 16.34 | 17.24 | 15.61 | 0.55 | 36,132 | 16.92 | 1.00 (365) | 10Y 11M | 25.00 |
| HDFC Top 100 Dir | 4 star | 26.69 | 23.54 | 16.83 | 1.10 | 27,687 | 14.76 | 1.00 (365) | 10Y 11M | 15.85 |
Portfolio Analysis of Axis Nifty Next 50 Index Fund
| No. of Stocks | 50 |
| Top 10 Stocks | 31.82% |
| Top 5 Stocks | 17.92% |
| Top 3 Sectors | 44.78% |
| Portfolio P/B Ratio | 3.92 |
| Portfolio P/E Ratio | 24.02 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 92,255 | 3,03,483 |
| Giant (%) | 18.88 | 66.78 |
| Large (%) | 80.95 | 28.53 |
| Mid (%) | 0.17 | 5.19 |
| Small (%) | — | 2.49 |
| Tiny (%) | — | — |
How to Invest in Axis Nifty Next 50 Index Fund?
Chanakya’s Mutual Fund Guidance For Axis Nifty Next 50 Index Fund
Do not invest in this, or any other large-cap fund, if you need to redeem your investment in less than five years.
Apply Online: https://www.axismf.com/mutual-funds
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