Axis Nifty 500 Index Fund Review – Axis Nifty 500 Index Fund Direct NFO Open on 26 June 2024 and Close on 09 July 2024. Axis Nifty 500 Index Fund Direct NFO Allotment Date is 12 July 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is ₹100.
Type of the Scheme
An Open-Ended Index Fund tracking Nifty 500 TRI.
Scheme Benchmark : Nifty 500 TRI
The Scheme primarily invests in constituents of Nifty 500 TRI and the objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the Nifty 500 TRI, subject to tracking errors. Hence, the Scheme will be benchmarked against Nifty 500 TRI.
Axis Nifty 500 Index Fund Scheme Benchmark
Top constituents by weightage
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 6.78 |
| Reliance Industries Ltd. | 5.70 |
| ICICI Bank Ltd. | 4.64 |
| Infosys Ltd. | 2.96 |
| Larsen & Toubro Ltd | 2.55 |
| ITC Ltd. | 2.23 |
| Tata Consultancy Services Ltd. | 2.19 |
| Bharti Airtel Ltd. | 2.10 |
| Axis Bank Ltd. | 1.94 |
| State Bank of India | 1.88 |
Axis Nifty 500 Index Fund Nfo Important Date
| Scheme Offer | Axis Nifty 500 Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An Open-Ended Index Fund tracking Nifty 500 TRI |
| Open Date | 26 June 2024 |
| Allotment Date | 12 July 2024 |
| Close Date | 9 July 2024 |
| Category | Index Fund |
| Min Inv ₹ | 100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 TRI |
Axis Nifty 500 Index Fund Nfo Other Details
| Exit Load | 0.25% |
|---|---|
| Exit Load Details | Exit load of 0.25%, if redeemed within 15 days. |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 100 |
Axis Nifty 500 Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max | Risk Profile |
|---|---|---|---|
| Securities covered by Nifty 500 Index | 95 | 100 | Very High |
| Debt & Money Market Instruments | 0 | 5 | Very High |
Axis Nifty 500 Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 28.79 |
| Oil, Gas & Consumable Fuels | 9.02 |
| Information Technology | 8.50 |
| Automobile and Auto Components | 7.49 |
| Fast Moving Consumer Goods | 6.87 |
| Capital Goods | 6.06 |
| Healthcare | 5.45 |
| Power | 3.98 |
| Metals & Mining | 3.88 |
| Construction | 3.22 |
| Consumer Durables | 3.06 |
| Consumer Services | 3.05 |
| Telecommunication | 2.75 |
| Chemicals | 2.05 |
| Construction Materials | 2.02 |
| Services | 1.70 |
| Realty | 1.33 |
| Textiles | 0.31 |
| Media, Entertainment & Publication | 0.22 |
| Diversified | 0.16 |
| Forest Materials | 0.08 |
Investment Objective of the Scheme ?
To provide returns before expenses that closely correspond to the total returns of the Nifty 500 TRI, subject to tracking errors.
There is no assurance that the investment objective of the Scheme will be achieved.
Axis Nifty 500 Index Fund Review Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 4.19 | 8.62 | 33.85 | 16.57 | 10.92 |
| Total Return | 4.42 | 9.04 | 35.17 | 17.85 | 12.63 |
Axis Nifty 500 Index Fund Review Manager Details
- Fund Manger : Karthik Kumar
- Qualification : M.B.A – Krannert School of Management, Purdue University, USA
• C.F.A (USA)
• B.E (Mechanical) – Sardar Patel College of Engg, Mumbai University
- Experience : Axis Asset Management Company Limited July 03, 2023 – Current
• Axis Asset Management Company Limited June 2019 – July 2023
• SilverTree Hong Kong April 2017 – May 2019
• Asiya Investment, Hong Kong September 2008 – February 2017.
- Fund Manger : Sachin Relekar
- Qualification : Master of Management Studies – Mumbai University
- Experience : Axis Asset Management Company Limited January 24, 2024 till date.
• Bandhan Asset Management Company Limited December 2, 2020 to January 23, 2024.
• LIC Mutual Fund Asset Management Company Limited December 2, 2012 to December 01, 2020.
How Will The Scheme Allocate Its Assets?
- Overseas Securities
- Securitized Debt
- Debt instruments having Credit Enhancement /Structured Obligations
- Repo and Reverse repo in corporate debt securities
- REITS and InVITS
- Credit Default Swap
- Debt instruments with special features AT1 & AT2 Bonds
- Unrated debt instruments
Also Read: Sundaram Business Cycle Fund Review
Fund Manager Manages the Scheme?
- Karthik Kumar
- Sachin Relekar
Axis Nifty 500 Index Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
