Axis Nifty Bank Index Fund
The scheme seeks to provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors.
Growthvine rating: 3/5 — ranked #98 of 245 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹11.00 (as of 2026-10-23) |
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| AUM | ₹175 Cr |
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| Expense ratio | 0.89% |
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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 7 days |
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Performance & risk
| Standard deviation | 0.00% |
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| Max drawdown | −18.41% |
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| Alpha | 0 |
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| Beta | 0 |
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Market cap allocation
| Large cap | 76.1% |
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| Mid cap | 23.9% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 62.9% |
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| Top 10 holdings | 87.5% |
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| Total holdings | 14 |
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Top holdings
- HDFC Bank Ltd. — 18.6%
- ICICI Bank Ltd. — 14.2%
- Kotak Mahindra Bank Ltd. — 10.2%
- AXIS Bank Ltd. — 10.1%
- State Bank Of India — 9.9%
- Federal Bank Ltd. — 6.6%
- IndusInd Bank Ltd. — 5.0%
- AU Small Finance Bank Limited — 4.8%
- IDFC FIRST BANK LIMITED — 4.5%
- Bank Of Baroda — 3.6%
Top sectors
- Banking & Financial — 99.9%
- Cash — 0.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −9.1% | — | — |
| 2025 | 16.9% | — | — |