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Axis Nifty IT Index Fund - Direct Plan - IDCW
★★★★★ 3rd-party
External rating
- Source: Third-party data provider (Groww/CRISIL)
- Original rating: 2/5, displayed as-is — TopFund does not modify third-party ratings
- Refresh frequency: Whenever TopFund re-syncs this fund's data
- Limitations: The provider's own rating methodology isn't disclosed here — see the provider's own site for their criteria
TopFund Score: 48/100 · Weak
How this score is calculated
- Star rating (35%)2/5
- 3Y CAGR (30%)-2.72%
- Expense ratio (20%)0.24%
- AUM (15%)₹17,353 Cr
Not investment advice — an analytical read of public fund data. Methodology →
Axis Mutual Fund · Index Funds - Equity Funds · Equity Funds
₹10.25
AUM: ₹17,352 Cr
NAV updated 10 days ago
Plan
Direct
Option
Idcw
Risk
High
Expense Ratio
0.24%
Exit Load
Nil
Fund Manager
Kayzad Englim
Inception
Jan 2013
Benchmark
NIFTY 50 Total Return Index
Sharpe Ratio
-0.74
Std Dev (1Y)
25.4%
Historical Returns (CAGR)
Annualized trailing returns computed from NAV history — past performance only, not a guarantee of future results.
1m
-5.41%
3m
+1.34%
6m
+1.97%
1y
-18.61%
3y
-2.72%
5y
+8.83%
10y
+11.7%
since inception
-0.64%
TopFund's Take on Axis Nifty IT Index Fund - Direct Plan - IDCW
Axis Nifty IT Index Fund - Direct Plan - IDCW lags behind most of its peers in the Equity Funds category, currently carrying a 2-star rating. TopFund's composite Health Score, which weighs rating, 3-year CAGR, expense ratio and fund size, puts it at 48/100.
Cost: At 0.24%, the expense ratio is roughly in line with the Equity Funds category average of 0.24% — cost isn't a standout factor either way for this fund.
Risk-adjusted performance: Over the trailing 1-year period, the fund shows a negative Sharpe ratio of -0.74 — over the past year, returns haven't kept pace with the volatility involved, even before accounting for the risk-free rate. Separately, with 25.4% annualised volatility, this is among the more turbulent funds in the Equity Funds 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 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
Asset Allocation
Fund Snapshot
Similar Funds
No similar funds found.
Tools & Guides for This Fund
Frequently Asked Questions about Axis Nifty IT Index Fund - Direct Plan - IDCW
The current NAV (Net Asset Value) of Axis Nifty IT Index Fund - Direct Plan - IDCW is ₹10.25. NAV is updated every business day after market close by AMFI.
1Y: -18.61% · 3Y CAGR: -2.72% · 5Y CAGR: 8.83%
The expense ratio of Axis Nifty IT Index Fund - Direct Plan - IDCW is 0.24% per annum. This is the annual fee charged by the fund to manage your investment.
Axis Nifty IT Index Fund - Direct Plan - IDCW is managed by Kayzad Englim at Axis Mutual Fund.
Axis Nifty IT Index Fund - Direct Plan - IDCW is classified as a High risk fund. It is suitable for investors with a long-term horizon of 3+ years.
Yes, Axis Nifty IT Index Fund - Direct Plan - IDCW 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 IT Index Fund - Direct Plan - IDCW 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 IT Index Fund - Direct Plan - IDCW is ₹17,353 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.
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