AXIS Nifty IT Index Fund - Direct (G)

Basic Details

Lumpsum Returns

Note: Lumpsum Returns since Inception Date.

SIP Returns

Note: SIP Returns since Inception Date.

Tax Treatment

If sold after 1 year from purchase date, long term capital gain tax will be applicable. Current tax rate is 10%, if your total long term capital gain exceeds 1 lakh. Any cess/surcharge is not included.If sold before 1 year from purchase date, short term capital gain tax will be applicable. Current tax rate is 15%. Any cess/surcharge is not included in the 15%.

Risk Ratios

Top 10 stock holding in portfolio

Peer Comparison

News

• Axis MF announces change in Fund Manager of the following schemes

  Axis Mutual Fund has announced change in Fund Managers of the following schemes with effect from: 16 December 2024

  Change in Fund Managers of the Schemes:

  Scheme Name	Existing Fund Manager(s)	Proposed Fund Manager(s)
  Axis Focused Fund	Mr. Sachin Relekar Mr. Hitesh Das Ms. Krishnaa N (For Foreign Securities)	Mr. Sachin Relekar Ms. Krishnaa N (For Foreign Securities)
  Axis Flexi Cap Fund	Mr. Sachin Relekar Mr. Hitesh Das Ms. Krishnaa N (For Foreign Securities)	Mr. Sachin Relekar Ms. Krishnaa N (For Foreign Securities)
  Axis Multicap Fund	Mr. Nitin Arora Mr. Shreyash Devalkar Mr. Hitesh Das Mr. Sachin Jain	Mr. Nitin Arora Mr. Shreyash Devalkar Mr. Hitesh Das
  Axis Arbitrage Fund	Mr. Karthik Kumar Mr. Devang Shah Mr. Sachin Jain Mr. Ashish Naik	Mr. Karthik Kumar Mr. Devang Shah Mr. Sachin Jain
  Axis Balanced Advantage Fund	Mr. Jayesh Sundar Mr. Ashish Naik Mr. Devang Shah Mr. Hardik Shah	Mr. Jayesh Sundar Mr. Devang Shah Mr. Hardik Shah
  Axis Aggressive Hybrid Fund	Mr. Jayesh Sundar Mr. Ashish Naik Mr. Devang Shah Mr. Aditya Pagaria	Mr. Jayesh Sundar Mr. Devang Shah Mr. Aditya Pagaria Ms. Krishnaa N (For Foreign Securities)
  Axis Multi Asset Allocation Fund	Mr. Jayesh Sundar Mr. Ashish Naik Mr. Devang Shah Mr. Hardik Shah Mr. Aditya Pagaria	Mr. Ashish Naik Mr. Devang Shah Mr. Hardik Shah Mr. Aditya Pagaria Ms. Krishnaa N (For Foreign Securities)
  Axis Innovation Fund	Mr. Ashish Naik Mr. Mayank Hyanki Ms. Krishnaa N (For Foreign Securities)	Mr. Ashish Naik Ms. Krishnaa N (For Foreign Securities)
  Axis ESG Integration Strategy Fund	Mr. Shreyash Devalkar Mr. Vishal Agarwal Mr. Hitesh Das Ms. Krishnaa N (For Foreign Securities)	Mr. Vishal Agarwal Mr. Hitesh Das Ms. Krishnaa N (For Foreign Securities)
  Axis Quant Fund	Mr. Karthik Kumar Mr. Ashish Naik Ms. Krishnaa N (For Foreign Securities)	Mr. Karthik Kumar Ms. Krishnaa N (For Foreign Securities)
  Axis Equity Savings Fund	Mr. Mayank Hyanki Mr. Hitesh Das Mr. Devang Shah Mr. Hardik Shah	Mr. Mayank Hyanki Mr. Devang Shah Mr. Hardik Shah Ms. Krishnaa N (For Foreign Securities)
  Axis NIFTY 100 Index Fund	Mr. Ashish Naik Mr. Karthik Kumar	Mr. Karthik Kumar
  Axis Children's Fund	Mr. Jayesh Sundar Mr. Ashish Naik Mr. Devang Shah Mr. Hardik Shah	Mr. Jayesh Sundar Mr. Devang Shah Mr. Hardik Shah Ms. Krishnaa N (For Foreign Securities)
  Axis Retirement Fund - Aggressive Plan , and Dynamic Plan and Conservative Plan	Mr. Jayesh Sundar Mr. Nitin Arora Mr. Devang Shah Mr. Hardik Shah Ms. Krishnaa N (For Foreign Securities)	Mr. Jayesh Sundar Mr. Devang Shah Mr. Hardik Shah Ms. Krishnaa N (For Foreign Securities)
  Axis Conservative Hybrid Fund	Mr. Devang Shah Mr. Sachin Jain Mr. Jayesh Sundar Mr. Ashish Naik Ms. Krishnaa N (For Foreign Securities)	Mr. Devang Shah Mr. Sachin Jain Mr. Jayesh Sundar Ms. Krishnaa N (For Foreign Securities)
  Axis Value Fund	Mr. Nitin Arora Mr. Sachin Relekar Ms. Krishnaa N (For Foreign Securities)	Mr. Nitin Arora Ms. Krishnaa N (For Foreign Securities)
  Axis NIFTY 50 Index Fund	Mr. Karthik Kumar Mr. Hitesh Das	Mr. Karthik Kumar
  Axis NIFTY 50 ETF	Mr. Ashish Naik Mr. Karthik Kumar	Mr. Karthik Kumar
  Axis NIFTY Next 50 Index Fund	Mr. Karthik Kumar Mr. Sachin Relekar	Mr. Karthik Kumar
  Axis NIFTY Bank ETF	Mr. Karthik Kumar Mr. Ashish Naik	Mr. Karthik Kumar
  Axis Nifty Smallcap 50 Index Fund	Mr. Karthik Kumar Mr. Mayank Hyanki	Mr. Karthik Kumar
  Axis Nifty Midcap 50 Index Fund	Mr. Karthik Kumar Mr. Mayank Hyanki	Mr. Karthik Kumar
  Axis NIFTY IT ETF	Mr. Karthik Kumar Mr. Hitesh Das	Mr. Karthik Kumar
  Axis NIFTY Healthcare ETF	Mr. Karthik Kumar Mr. Shreyash Devalkar	Mr. Karthik Kumar
  Axis Equity ETFs FoF	Mr. Karthik Kumar Mr. Shreyash Devalkar	Mr. Karthik Kumar
  Axis NIFTY India Consumption ETF	Mr. Ashish Naik Mr. Karthik Kumar	Mr. Karthik Kumar
  Axis Business Cycles Fund	Mr. Ashish Naik Mr. Mayank Hyanki	Mr. Ashish Naik
  Axis BSE SENSEX ETF	Mr. Karthik Kumar Mr. Ashish Naik	Mr. Karthik Kumar
  Axis Nifty IT Index Fund	Mr. Hitesh Das Mr. Karthik Kumar	Mr. Karthik Kumar
  Axis BSE Sensex Index Fund	Mr. Karthik Kumar Mr. Ashish Naik	Mr. Karthik Kumar
  Axis Nifty Bank Index Fund	Mr. Karthik Kumar Mr. Ashish Naik	Mr. Karthik Kumar
  Axis Nifty 500 Index Fund	Mr. Karthik Kumar Mr. Sachin Relekar	Mr. Karthik Kumar
  Axis Nifty500 Value 50 Index Fund	Mr. Karthik Kumar Mr. Hitesh Das	Mr. Karthik Kumar

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• Axis Mutual Fund announces change in scheme name

  Axis Mutual Fund has announced change in scheme name under the following scheme, With effect from 05 December 2024

  Change in the name of the Scheme:

  Existing Scheme name	Revised Name
  Axis CRISIL-IBX AAA NBFC Index ' Jun 2027 Fund	Axis CRISIL-IBX AAA Bond NBFC ' Jun 2027 Index Fund

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• Axis Mutual Fund launches Momentum fund

  Axis Mutual Fund has launched the Axis Momentum Fund, a new open-ended equity scheme that aims to capitalize on the momentum investing strategy. The New Fund Offer (NFO) is open for subscription until 6 December 2024.

  The fund seeks to generate long-term capital appreciation by investing in equity and equity-related securities exhibiting strong price momentum. It will be benchmarked against the NIFTY 500 TRI and managed by experienced fund managers Karthik Kumar and Mayank Hyanki.

  The minimum investment amount is Rs 100, with subsequent investments in multiples of Rs 1. An exit load of 1% applies to redemptions within 12 months, excluding the first 10% of the investment.

  Momentum investing, a globally recognized strategy, focuses on stocks with strong upward trends. Unlike value investing, it prioritizes price momentum over valuation metrics.

  The Axis Momentum Fund employs a structured, model-based approach to select stocks with strong momentum. Historically, this strategy has outperformed benchmarks over the long term. Over the past 15 years, the strategy has outperformed its benchmark 12 times, with an average outperformance of 6.62%. On a three-year rolling return basis, it has delivered positive returns 96% of the time, with a significant edge over the benchmark in nearly 77% of instances in the last 11 years.

  The fund aims to invest in a portfolio of high-performing stocks, actively managed to align with momentum trends. Up to 20% of the portfolio may be allocated outside the momentum theme based on market opportunities and strategic considerations.

  The fund's active management approach enables the fund manager to control exposure to factors like sector/stock concentration, market cap skewness, liquidity risk, etc., within the portfolio. This helps manage volatility, which is traditionally higher in momentum strategies.

  The fund selects stocks based on price momentum trends, optimizing the portfolio considering factors like composite rank, risk, and portfolio constraints. Stocks are screened for data availability, liquidity, and red flags before inclusion.

  By incorporating a dynamic, rule-based approach, the fund actively manages risks, ensuring controlled volatility despite the inherent nature of momentum strategies.

  For investors with the appropriate risk appetite and a long-term investment horizon, the Axis Momentum Fund offers an opportunity to capitalize on market trends and high-performing stocks. By combining robust data analysis with active management, the fund aims to provide consistent outperformance.

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Fund House Details & Investment Objective