Axis Nifty Smallcap 50 Index Fund
The scheme seeks to provide returns before expenses that closely corresponds to the total returns of the NIFTY SMALLCAP 50 subject to tracking errors.
Growthvine rating: 5/5 — ranked #17 of 245 in category.
Fund basics
| Category | Equity: Index |
|---|
| NAV | ₹18.29 (as of 2026-10-23) |
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| AUM | ₹778 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 |
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Performance & risk
| Sharpe ratio | 0.55 |
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| Standard deviation | 22.50% |
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| Max drawdown | −27.85% |
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| Alpha | 3.92 |
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| Beta | 1.01 |
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Market cap allocation
| Large cap | 0.0% |
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| Mid cap | 6.4% |
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| Small cap | 93.6% |
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Concentration
| Top 5 holdings | 18.9% |
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| Top 10 holdings | 33.0% |
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| Total holdings | 49 |
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Top holdings
- Clearing Corporation of India Ltd — 5.3%
- Sona BLW Precision Forgings Limited — 4.4%
- Welspun Corp Limited — 4.2%
- Karur Vysya Bank Ltd. — 3.6%
- Navin Fluorine International Limited — 3.6%
- Ather Energy Limited — 3.2%
- RBL Bank Limited — 2.9%
- Delhivery Limited — 2.9%
- Redington Limited — 2.8%
- Gland Pharma Limited — 2.7%
Top sectors
- Banking & Financial — 21.4%
- Pharma & Biotech — 15.2%
- Automobile — 10.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 2.8% | — | — |
| 2025 | −4.5% | — | — |
| 2024 | 24.4% | — | — |
| 2023 | 62.0% | — | — |