Axis Nifty500 Value 50 Index Fund Review – Axis Nifty500 Value 50 Index Fund Review Direct NFO Open on 04 October2024 and Close on 18 Oct 2024. Axis Nifty500 Value 50 Index Fund Direct NFO Allotment Date is 20 October 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 Nifty500 Value 50 TRI.
Scheme Benchmark : Nifty500 Value 50 TRI – Justifications of Benchmark: The scheme aims to provide returns before expenses that closely correspond to the Nifty500 Value 50 TRI subject to tracking errors. Hence, the benchmark.
Axis Nifty500 Value 50 Index Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| Oil & Natural Gas Corporation Ltd. | 5.87 |
| NTPC Ltd. | 5.47 |
| Coal India Ltd. | 5.30 |
| Grasim Industries Ltd. | 5.08 |
| Vedanta Ltd. | 4.89 |
| Power Grid Corporation of India Ltd. | 4.88 |
| Hindalco Industries Ltd. | 4.85 |
| State Bank of India | 4.59 |
| Indian Oil Corporation Ltd. | 4.30 |
| Tata Steel Ltd. | 4.12 |
Axis Nifty500 Value 50 Index Fund Important Date
| Scheme Offer | Axis Nifty500 Value 50 Index Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 04 Oct 2024 |
| Close Date | 18 Oct 2024 |
| Allotment Date | 20 Oct 2024 |
| Category | Index Fund |
| Min Inv ₹ | ₹100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty500 Value 50 TRI |
Investment Objective of the Scheme ?
To provide returns before expenses that correspond to the Nifty500 Value 50 TRI subject to tracking error. There is no assurance that the investment objective of the scheme will be
achieved.
Axis Nifty500 Value 50 Index Fund 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 Nifty500 Value 50 Index Fund Asset Allocation
| Instruments | Allocation Min | Allocation Max |
|---|---|---|
| Securities covered by Nifty500 Value 50 Index | 95% | 100% |
| Debt & Money Market Instruments | 0% | 5% |
Manager Manage the Scheme?
Fund Manger : Mr. 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 : Total number of years of experience: 14 years, his last 10 years’ experience are as follows: • Axis Asset Management Company Limited June 2019 – Till date • SilverTree
Hong Kong April 2017 – May 2019 • Asiya Investment, Hong Kong Sept 2008 – Feb 2017.
Fund Manger : Mr. Hitesh Das
Qualification : PGDM, M.Tech, B.Tech
Experience :Total number of years of experience: 13 years, his last 10 years’ experience are as follows: • Fund Manager – Axis Asset Management Company Ltd (January 17, 2023 to till date) • Fund Manager, Foreign Securities – Axis Asset Management Company Ltd (October 22, 2018 till January 16, 2023) • Equity Research Analyst- Axis Asset Management Company Ltd (June 17, 2015 till October 21, 2018).
Axis Nifty500 Value 50 Index Fund Sector Representation
| Sector | Weightage |
|---|---|
| Oil, Gas & Consumable Fuels | 28.25 |
| Financial Services | 23.90 |
| Metals & Mining | 19.47 |
| Power | 11.43 |
| Chemicals | 8.09 |
| Construction Materials | 5.08 |
| Services | 2.88 |
| Construction | 0.90 |
Axis Nifty500 Value 50 Index Fund Index Return
| Index Return | QTD | YTD | 1 Year | 5 Years | Since Inception |
|---|---|---|---|---|---|
| Price Return | 4.73 | 35.78 | 84.01 | 34.85 | 15.13 |
| Total Return | 5.17 | 37.13 | 86.59 | 37.78 | 18.15 |
Where Will the Scheme Invest ?
- Equity and Equity Related Instruments.
- Derivatives.
- Debt Instruments & Money Market Instruments.
- Units of debt and liquid Mutual Fund schemes.
- Short Term Deposits.
Also Read: ICICI Prudential Nifty200 Value 30 Index Fund Review
Axis Nifty500 Value 50 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
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