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OmniAsset › Mutual funds › Axis Nifty Bank Index Fund

Axis Nifty Bank Index Fund

Index Fund fund benchmarked to Nifty Bank TRI. Every figure below is read from one dated snapshot; what the snapshot cannot prove is left out, never estimated.

Latest NAV2 Sep 202611.8281
CategoryIndex Fund
PlanDirect · Growth
Launched3 May 2024
Risk labelthe scheme's own riskometerVery High
Legal benchmarkSEBI Tier-1Nifty Bank TRI
Expense ratiodirect plan, a year0.24%
AUM₹98.7 Cr
Growth of ₹10,000₹11,94329 May 2024 to 2 Sep 2026
₹12,734₹12,032₹11,331₹10,629₹9,928May 2024Dec 2024Jul 2025Feb 2026Sep 2026
₹11,943 (+8.2% a year) Axis Nifty Bank Index Fund

Performance (trailing, annualised)

1Y annualised6.95%

Point-to-point from the fund's own published NAV; a period the history does not span is left out.

SIP returns

SIP 1Y (₹10,000 a month)invested ₹1,20,000 → worth ₹1,21,5352.37%

₹10,000 on the first of every month, valued at the latest NAV, as an annualised rate (XIRR).

Calendar years

Calendar 202517.89%

Rolling returns

Rolling 1Y · average65 windows since 3 Jun 20259.55%
Rolling 1Y · median9.58%
Rolling 1Y · worst window-3.89%
Rolling 1Y · best window24.87%
Rolling 1Y · windows positive95%

Every window of that length in the published history, so one lucky start date cannot flatter the fund.

Risk

Volatility (3Y)16.63%
Downside deviation (3Y)11.86%
Maximum drawdown-18.33%

Management

Fund managerMr. Nandik Malik, Mr. Rohit Gautam
Managing since2 Sep 2026

What it holds

SecurityWeight
HDFC Bank Ltd18.2%
ICICI Bank Ltd14.8%
State Bank of India10.1%
Kotak Mahindra Bank Ltd9.3%
Axis Bank Ltd8.8%
The Federal Bank Ltd7.3%
Indusind Bank Ltd5.5%
AU Small Finance Bank Ltd4.7%
IDFC First Bank Ltd4.7%
Bank Of Baroda3.6%
SectorWeight
Financial99.7%

Portfolio disclosed: 99.7% by weight.

Related

Source: the OmniAsset signed reference snapshot, as of 4 Sep 2026. Figures are deterministic; missing data is withheld, never estimated. See methodology and data sources. Not investment advice.

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