Axis Nifty 500 Index Fund
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty 500 TRI, subject to tracking errors.
Growthvine rating: 1/5 — ranked #196 of 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹10.15 (as of 2026-08-21) |
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| AUM | ₹322 Cr |
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| Expense ratio | 0.90% |
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| Riskometer | Very High |
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| Fund manager | Nandik Mallik |
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| Exit load | 0.25% for redemption within 15 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | -18.88% |
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| Alpha | 0 |
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| Beta | 0 |
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Market cap allocation
| Large cap | 68.3% |
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| Mid cap | 20.9% |
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| Small cap | 10.8% |
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Concentration
| Top 5 holdings | 20.5% |
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| Top 10 holdings | 29.4% |
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| Total holdings | 499 |
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Top holdings
- HDFC Bank Ltd. — 5.7%
- ICICI Bank Ltd. — 5.1%
- Reliance Industries Ltd — 4.4%
- Bharti Airtel Ltd. — 3.0%
- Larsen & Toubro Limited — 2.3%
- State Bank Of India — 2.1%
- Infosys Ltd — 2.0%
- AXIS Bank Ltd. — 1.8%
- Bajaj Finance Limited — 1.5%
- Mahindra & Mahindra Ltd. — 1.5%
Top sectors
- Banking & Financial — 22.4%
- Automobile — 7.5%
- Finance & Investments — 6.7%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | -1.5% | — | — |
| 2025 | 6.8% | — | — |