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Axis Nifty Bank Index Fund - Direct Plan - IDCW Option
Axis Mutual Fund · Index Funds - Equity Funds · Equity Funds
₹11.66
AUM: —
NAV updated 4 days ago
Plan
Direct
Option
Idcw
Risk
High
Sharpe Ratio
-0.17
Std Dev (1Y)
16.87%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-1.6%
3m
-2.36%
6m
+2.38%
1y
+1.5%
3y
—
5y
—
10y
—
since inception
+7.33%
TopFund's Take on Axis Nifty Bank Index Fund - Direct Plan - IDCW Option
Axis Nifty Bank Index Fund - Direct Plan - IDCW Option is a Equity Funds fund from Axis Mutual Fund.
Cost: Expense ratio data for this fund isn't available yet.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.17 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, annualised volatility of 16.87% is fairly typical for Equity Funds funds.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Index Funds - Equity Funds fund. The High risk rating means near-term volatility should be expected — this isn't a fund to check daily.
This is an automated, data-driven analysis based on the fund's own metrics and its category peers — not personalized investment advice. Consult a SEBI-registered advisor before investing.
Sector Allocation
Sector allocation not available yet.
Asset Allocation
Asset allocation not available yet.
Fund Snapshot
Similar Funds
No similar funds found.
Tools & Guides for This Fund
Frequently Asked Questions about Axis Nifty Bank Index Fund - Direct Plan - IDCW Option
The current NAV (Net Asset Value) of Axis Nifty Bank Index Fund - Direct Plan - IDCW Option is ₹11.66. NAV is updated every business day after market close by AMFI.
1Y: 1.5%
Expense ratio data for Axis Nifty Bank Index Fund - Direct Plan - IDCW Option is not yet available.
Axis Nifty Bank Index Fund - Direct Plan - IDCW Option is managed by Axis Mutual Fund.
Axis Nifty Bank Index Fund - Direct Plan - IDCW Option is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Yes, Axis Nifty Bank Index Fund - Direct Plan - IDCW Option is an equity fund, making it suitable for SIP investments. Regular monthly SIPs help average out market volatility through rupee-cost averaging.
You can start a SIP in Axis Nifty Bank Index Fund - Direct Plan - IDCW Option with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
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