Data shown is for informational purposes only and does not constitute investment advice. TopFund is not SEBI-registered. Consult a SEBI-registered advisor before investing.
Axis Nifty India Defence Index Fund - Direct Plan - Growth
TopFund Score: 73/100 · Good
How this score is calculated
- Star rating (35%)—
- 3Y CAGR (30%)—
- Expense ratio (20%)0.69%
- AUM (15%)₹346 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Axis Mutual Fund · Equity · Thematic
₹10.37
AUM: ₹345 Cr
NAV updated 6 days ago
Plan
Direct
Option
Growth
Risk
Very High
Expense Ratio
0.69%
Exit Load
Exit load of 0.25%, if redeemed within 15 days.
Fund Manager
Nandik Mallik
Inception
Apr 2026
Benchmark
Nifty India Defence Total Return Index
Sharpe Ratio
-0.01
Std Dev (1Y)
21.93%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-6.19%
3m
-1.74%
6m
—
1y
—
3y
—
5y
—
10y
—
since inception
+2.33%
TopFund's Take on Axis Nifty India Defence Index Fund - Direct Plan - Growth
Axis Nifty India Defence Index Fund - Direct Plan - Growth holds up reasonably well within the Thematic category. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 73/100.
Cost: At 0.69%, the expense ratio is meaningfully cheaper — about 30% below the Thematic category average of 0.99% (based on 873 comparable funds). Lower costs compound in your favour over long holding periods.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.01 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, with 21.93% annualised volatility, this is among the more turbulent funds in the Thematic space — expect sharp swings in both directions.
Who should invest: This fund is best suited to investors whose goals and risk appetite align with a Equity fund. Given the Very High risk rating, this fund is not suited to short-term goals or investors who may need to exit within 2-3 years.
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
Asset Allocation
Fund Snapshot
Similar Funds
Aditya Birla Sun Life Nifty India Defence Index Fund-Direct Growth
Aditya Birla Sun Life Mutual Fund
Nippon India Nifty Auto Index Fund - Direct Plan- Growth Option
Nippon India Mutual Fund
TATA India Consumer Fund Direct Plan - Payout of Income Distribution cum capital withdrawal option
Tata Mutual Fund
ICICI Prudential BHARAT 22 FOF - Direct Plan Cumulative Option
ICICI Prudential Mutual Fund
Groww Nifty India Defence ETF
Groww Mutual Fund
TATA India Consumer Fund Direct Plan - Reinvestment of Income Distribution cum capital withdrawal option
Tata Mutual Fund
Tools & Guides for This Fund
Frequently Asked Questions about Axis Nifty India Defence Index Fund - Direct Plan - Growth
The current NAV (Net Asset Value) of Axis Nifty India Defence Index Fund - Direct Plan - Growth is ₹10.37. NAV is updated every business day after market close by AMFI.
Return data is not yet available for this fund.
The expense ratio of Axis Nifty India Defence Index Fund - Direct Plan - Growth is 0.69% per annum. This is the annual fee charged by the fund to manage your investment.
Axis Nifty India Defence Index Fund - Direct Plan - Growth is managed by Nandik Mallik at Axis Mutual Fund.
Axis Nifty India Defence Index Fund - Direct Plan - Growth is classified as a Very High risk fund. It is suitable for aggressive investors with a long-term horizon of 5+ years.
Axis Nifty India Defence Index Fund - Direct Plan - Growth is a Thematic fund. SIP suitability depends on your investment goal and risk profile.
You can start a SIP in Axis Nifty India Defence Index Fund - Direct Plan - Growth with as little as ₹500 per month through most mutual fund platforms. The minimum lump sum investment is typically ₹1,000.
The Assets Under Management (AUM) of Axis Nifty India Defence Index Fund - Direct Plan - Growth is ₹346 crore. AUM indicates the total market value of assets managed by the fund.
* Past performance is not indicative of future results. Mutual fund investments are subject to market risks.
Discussion
User-generated content — not investment advice, and not verified or endorsed by TopFund.
No comments yet — start the discussion.