Axis Nifty India Defence Index Fund - Regular Plan - Growth

Axis Nifty India Defence Index Fund - Regular Plan - Growth sits in the middle of the pack for Thematic funds. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 57/100.

Cost: At 1.1%, the expense ratio is roughly in line with the Thematic category average of 1.13% — cost isn't a standout factor either way for this fund.

Risk-adjusted performance: Over the trailing 1-year period, the fund shows a modest Sharpe ratio of 0.35 — returns have only marginally compensated for the risk taken. Separately, with 22.07% annualised volatility, this is among the more turbulent funds in its 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.