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 | ₹11.03 (as of 2026-10-23) |
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| AUM | ₹123 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 | -0.23 |
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| Standard deviation | 25.67% |
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| Max drawdown | −42.93% |
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| Alpha | 1.41 |
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| Beta | 1.04 |
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Market cap allocation
| Large cap | 81.4% |
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| Mid cap | 18.6% |
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| Small cap | 0.0% |
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Concentration
| Top 5 holdings | 79.3% |
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| Top 10 holdings | 100.1% |
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| Total holdings | 10 |
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Top holdings
- Infosys Ltd — 31.3%
- Tata Consultancy Services Ltd. — 19.1%
- HCL Technologies Ltd — 11.8%
- Tech Mahindra Limited — 10.5%
- COFORGE LIMITED — 6.6%
- Persistent Systems Limited — 6.2%
- Wipro Ltd. — 4.7%
- LTM LIMITED — 4.1%
- Mphasis Limited — 3.1%
- Oracle Financial Services Software Limited — 2.8%
Top sectors
- Software & Services — 100.1%
- Cash — −0.1%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | −14.9% | — | — |
| 2025 | −11.4% | — | — |
| 2024 | 23.1% | — | — |