Axis Nifty IT Index Fund
NAV : ₹ 12.18 as of 27 June, 2024
Overview
₹ 104.49 Cr
Fund size
₹ 100
Min SIP
₹ 100
Lumpsum
27 June 2023
Launch date
Growth
Fund plan
Regular
Scheme type
Equity Holding(s) Distribution
Other Scheme Info
Expense Ratio
Inclusive of GST
1%
Stamp Duty
0.005%
Exit Load
Exit load of 0.25%, if redeemed within 7 days.
0
Fund Managers
Karthik Kumar
Aug 2023 - Present
Fund House
Axis Mutual Fund
Total AUM: 269711.01Cr
Axis Mutual Fund ranks among India's leading 10 Asset Management Companies. Founded in 2009, it operates as a joint venture between Axis Bank, the third largest private sector bank in India, and Schroder Singapore Holdings Private Limited (SSHPL), which owns 25% of the holdings. Notably, Axis Mutual Fund has emerged as one of the fastest-growing mutual fund companies in the Indian market. With a p...View Axis Nifty IT Index Fund AMC
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
Still have questions?
What is the NAV of Axis Nifty IT Index Fund
NAV stands for net asset value, where the performance of a mutual fund is derived by its NAV per unit. NAV per unit is the market value of securities in a scheme, divided by the total number of units in the scheme on a given date.
The Net Asset Value of Axis Nifty IT Index Fund is ₹12.18
What is the AUM of Axis Nifty IT Index Fund?
AUM means ‘asset under management,’ which implies the cumulative sum of the market value of total securities held in a mutual fund scheme. MFs invest in Equities, Bonds & other such instruments. If you add the market value of all the investments made by the mutual fund along with any idle cash that it holds, the final tally is called AUM. It tells you how large or small a mutual fund is.
The AUM of Axis Nifty IT Index Fund is ₹104.49 Cr.
What is the minimum SIP amount for Axis Nifty IT Index Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of Axis Nifty IT Index Fund is ₹100
What is the Expense Ratio of Axis Nifty IT Index Fund?
As per SEBI Regulations, mutual funds are permitted to charge certain operating expenses for managing a mutual fund scheme. The total expense ratio is calculated as a percentage of the scheme’s NAV. It's deducted from the total revenue generated by a mutual fund before disbursing it to the investors.
The Expense Ratio of Axis Nifty IT Index Fund is 1%
What is the Exit load of Axis Nifty IT Index Fund?
It’s a fee charged by the mutual fund house if an investor fully or partially exits from an invested scheme within a stated period from the date of investment. The time period for which it applies varies with the type of fund. It's calculated from the date of investment, whether in SIP or lump sum form.
The Exit load of Axis Nifty IT Index Fund is Exit load of 0.25%, if redeemed within 7 days..
