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 244 in category.
Fund basics
| Category | Equity: Index |
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| NAV | ₹20.59 (as of 2026-08-21) |
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| AUM | ₹730 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 | 0.71 |
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| Standard deviation | 22.51% |
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| Max drawdown | -27.85% |
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| Alpha | 5.14 |
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| Beta | 1.01 |
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Market cap allocation
| Large cap | 0.0% |
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| Mid cap | 15.8% |
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| Small cap | 84.2% |
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Concentration
| Top 5 holdings | 18.3% |
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| Top 10 holdings | 32.0% |
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| Total holdings | 50 |
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Top holdings
- Sona BLW Precision Forgings Limited — 4.3%
- Karur Vysya Bank Ltd. — 4.0%
- Navin Fluorine International Limited — 3.5%
- Delhivery Limited — 3.4%
- Piramal Finance Limited — 3.1%
- Central Depository Services (India) Ltd. — 3.0%
- RBL Bank Limited — 2.9%
- Welspun Corp Limited — 2.7%
- Aster DM Healthcare Limited — 2.6%
- Manappuram Finance Limited — 2.5%
Top sectors
- Banking & Financial — 23.1%
- Finance & Investments — 15.2%
- Pharma & Biotech — 12.2%
Calendar-year track record
| Year | Return | Quartile | Category rank |
|---|
| 2026 (partial) | 15.8% | — | — |
| 2025 | -4.5% | — | — |
| 2024 | 24.4% | — | — |
| 2023 | 62.0% | — | — |