Axis Nifty IT Index Fund
The scheme seeks to provide returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors.
Growthvine rating: 1/5 — ranked #216 of 245 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹9.74 (as of 2026-10-01) |
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| AUM | ₹133 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 7 days |
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Performance & risk
| Sharpe ratio | -0.06 |
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| Standard deviation | 24.80% |
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| Max drawdown | −42.93% |
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| Alpha | 1.41 |
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| Beta | 1.03 |
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Market cap allocation
| Large cap | 80.5% |
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| Mid cap | 19.5% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 78.4% |
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| Top 10 holdings | 100.3% |
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| Total holdings | 10 |
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Top holdings
- Infosys Ltd — 29.0%
- Tata Consultancy Services Ltd. — 20.3%
- HCL Technologies Ltd — 11.5%
- Tech Mahindra Limited — 10.6%
- COFORGE LIMITED — 7.1%
- Persistent Systems Limited — 6.2%
- Wipro Ltd. — 5.1%
- LTM LIMITED — 4.3%
- Mphasis Limited — 3.3%
- Oracle Financial Services Software Limited — 3.0%
Top sectors
- Software & Services — 100.3%
- Cash — −0.3%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −24.9% | — | — |
| 2025 | −11.4% | — | — |
| 2024 | 23.1% | — | — |