GMP IPO Watch
Axis Nifty Bank Index Fund
Regular Plan · IDCW Option · Axis Mutual Fund
Returns
Annualised (CAGR) returns for periods over a year.
Want to invest in this fund?
Open a free demat & trading account with Zerodha to invest in direct mutual funds with zero commission.
Rank in Category
| Period | This Fund | Category Avg. | Rank |
|---|---|---|---|
| 1W | +3.01% | +4.39% | 73 of 83 |
| 1M | +2.59% | +3.58% | 43 of 77 |
| 3M | -3.66% | -3.95% | 29 of 69 |
| 6M | +1.98% | -0.29% | 8 of 61 |
| YTD | -6.61% | -1.48% | 67 of 83 |
| 1Y | -3.74% | -2.26% | 31 of 52 |
| 2Y | +4.18% | +1.31% | 4 of 35 |
| INCEPTION | +5.68% | — | — |
Ranked among: Index Funds - Equity Funds.
Rolling Returns
| Period | Average | Best | Worst | Positive Periods | Consistency |
|---|---|---|---|---|---|
| 3M | +1.39% | +17.85% | -15.84% | 58% | 22% |
| 6M | +2.48% | +17.98% | -10.45% | 56% | 22% |
| 1Y | +7.60% | +25.54% | -7.53% | 83% | 35% |
| 2Y | +4.58% | +7.83% | +0.11% | 100% | 42% |
Rolling returns show the average, best and worst outcome an investor would have seen entering at any point in the window.
NAV History
AUM Trend (₹ Cr, quarterly average)
Expense Ratio Trend
Portfolio · Sep 2026
Asset Allocation
- Equity99.94%
- Debt0.00%
- Cash0.06%
- Other0.00%
Market Cap Split
- Large Cap76.02%
- Mid Cap23.93%
- Small Cap0.00%
- Others0.05%
Fundamentals
| Fund | Category | |
|---|---|---|
| P/E | 13.56 | 23.23 |
| P/B | 1.48 | 3.74 |
| Price / Sales | 3.42 | 3.20 |
| Dividend Yield (%) | 1.55 | 1.70 |
Holdings · Sep 2026
| Holding | Sector | Weight | Change (1M) |
|---|---|---|---|
| HDFC Bank | Banks | 18.60% | +1.59% |
| ICICI Bank | Banks | 14.17% | -0.67% |
| Kotak Bank | Banks | 10.20% | +0.33% |
| Axis Bank | Banks | 10.05% | +0.86% |
| State Bank of India | Banks | 9.92% | -0.34% |
| Federal Bank | Banks | 6.56% | -0.58% |
| Indusind Bank | Banks | 4.97% | -0.47% |
| AU Small Finance Bank | Banks | 4.85% | +0.03% |
| IDFC First Bank | Banks | 4.54% | -0.13% |
| Bank of Baroda | Banks | 3.59% | +0.12% |
| Canara Bank | Banks | 3.36% | +0.04% |
| Punjab National Bank | Banks | 3.27% | -0.10% |
| Yes Bank | Banks | 3.01% | -0.32% |
| Union Bank of India | Banks | 2.86% | -0.31% |
| Clearing Corporation of India Ltd | Net Current Assets | 0.23% | — |
View all 16 holdings
| Net Receivables / (Payables) | Net Current Assets | -0.17% | — |
Sector Allocation · Sep 2026
Risk Metrics
Standard Deviation
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | 16.96 | 16.53 | High Volatility |
What is this?
Annualized population standard deviation of daily denomination-adjusted NAV returns, multiplied by sqrt(252). Values require a full timeframe of NAV history.
Sharpe Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.42 | -0.54 | Above Average |
| 3Y | 0.01 | -0.68 | Above Average |
What is this?
Annualized Sharpe ratio calculated from month-end NAV returns using the latest available FBIL Overnight MIBOR rate as the risk-free rate. For schemes with less than three years of history, the 3Y value uses since-inception data. Applied risk-free rate: 5.73% (published 2026-10-28).
Sortino Ratio
| Period | Fund | Category | |
|---|---|---|---|
| 1Y | -0.20 | -0.11 | Below Average |
What is this?
Annualized from daily NAV returns using a 0.00% minimum acceptable return; downside deviation includes only returns below this target.
Tracking Difference
Versus Nifty Bank TRI, as of Sep 2026.
Compare With Peers
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
|
Aditya Birla Sun Life Nifty India Defence Index Fund
Direct Plan · GROWTH
|
+13.94% | — | — | +13.69% |
|
Axis Nifty Smallcap 50 Index Fund
Direct Plan · Growth Option
|
+8.53% | +16.64% | — | +16.76% |
|
Aditya Birla Sun Life Nifty Smallcap 50 Index Fund
Regular Plan · GROWTH
|
+7.82% | +16.16% | +11.91% | +15.59% |
|
UTI Nifty Midsmallcap 400 Momentum Quality 100 Index Fund
Direct Plan · Growth
|
+3.71% | — | — | +10.69% |
|
UTI Nifty India Manufacturing Index Fund
Direct Plan · Growth
|
+2.71% | — | — | +13.54% |
|
Axis Nifty500 Value 50 Index Fund
Direct Plan · Growth Option
|
+1.98% | — | — | +4.41% |
|
JioBlackRock Nifty Next 50 Index Fund
Direct Plan · Growth Option
|
+1.63% | — | — | +4.61% |
|
Axis Nifty Next 50 Index Fund
Direct Plan · Growth Option
|
+1.62% | +16.97% | — | +12.09% |
|
Groww Nifty Next 50 Index Fund
Direct Plan · Growth
|
+1.46% | — | — | +5.47% |
|
HSBC NIFTY NEXT 50 Index Fund
Direct Plan · Growth
|
+1.20% | +16.66% | — | +13.78% |
More From Axis Asset Management Co. Ltd.
| Scheme | 1Y | 3Y | 5Y | Since Inception |
|---|---|---|---|---|
| Axis Silver ETF | +26.40% | +35.94% | — | +33.11% |
|
Axis Silver Fund of Fund
Direct Plan · Growth Option
|
+25.78% | +35.80% | — | +33.62% |
|
Axis Gold Fund
Direct Plan · Growth option
|
+16.88% | +30.78% | +23.12% | +10.32% |
| Axis Gold ETF | +16.64% | +30.81% | +23.30% | +11.67% |
|
Axis NASDAQ 100 US Specific Equity Passive FOF
Direct Plan · IDCW Option
|
+15.62% | +27.97% | — | +30.61% |
| Axis NIFTY Healthcare ETF | +13.26% | +21.08% | +14.40% | +13.81% |
|
Axis Global Equity Alpha Fund of Fund
Direct Plan · Growth Option
|
+13.25% | +22.73% | +13.92% | +16.86% |
|
Axis India Manufacturing Fund
Direct Plan · IDCW Option
|
+13.04% | — | — | +18.81% |
|
Axis Global Innovation Fund of Fund
Direct Plan · IDCW Option
|
+9.94% | +22.97% | +11.52% | +12.36% |
|
Axis Innovation Fund
Direct Plan · Growth Option
|
+9.66% | +17.73% | +10.46% | +14.81% |
About This Scheme
Investment Objective
To provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.
Stated Asset Allocation
Securities covered by Nifty Bank TRI - 95%-100%, Debt and Money market instruments: 0%-5%
Exit Load
if redeemed/ switched out within 7 days from the date of allotment/ Investment – 0.25% if redeemed/ switched out after 7 days from the date of allotment/ Investment - Nil
Fund Managers
Mr. Nandik Malik and Mr. Rohit Gautam
Mr. Nandik Malik - Primary /Domestic Equities & Mr. Rohit Gautam - Assistant Fund Manager – Equity Passive
Mutual fund investments are subject to market risks. Read all scheme related documents carefully. Past performance is not indicative of future returns. Data is sourced from AMFI and fund houses via FinAPI and may lag official figures.