Axis Nifty Next 50 Index Fund
NAV : ₹ 17.205 as of 06 November, 2024
Overview
Fund size
Min SIP
Lumpsum
Launch date
Fund plan
Scheme type
Return Calculator
Over the past
Total Investment of ₹3,00,000
Would have become ₹4,10,589 (+26.93%)
Disclaimer: Past performance is not an indicator of future returns
Equity Holding(s) Distribution
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Inclusive of GST
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Axis Nifty Next 50 Index Fund Managers
Karthik Kumar
Aug 2023 - Present
Jinesh Gopani
Feb 2022 - Present
Shreyash Devalkar
Aug 2023 - Present
List of Axis Mutual Fund’s top performing schemes
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 presence in over 100 cities, its 31 investment teams span across 19 countries in Asia, the Middle East, Europe and America. Its vast product lineup offers more than 53 different schemes. Axis Mutual Fund is present in over 100 cities and has over 98 lakh active investor accounts.
As of December 2023, the company boasts Assets Under Management (AUM) of Rs 2.6 lakh crores.
Learn more about Axis Mutual Fund
Kotak Securities Limited: AMFI-registered Mutual Fund Distributor
FAQ for Axis Nifty Next 50 Index Fund
How to start an SIP in Axis Nifty Next 50 Index Fund?
To start an SIP in Axis Nifty Next 50 Index Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for Axis Nifty Next 50 Index Fund.
3. On the Axis Nifty Next 50 Index Fund details page, tap Invest Now.
4. Enter your investment amount under Monthly SIP, select your SIP date, and choose First Payment Now to complete the payment and initiate your SIP.
This simplified process helps you start your SIP quickly and efficiently.
How to invest in Axis Nifty Next 50 Index Fund?
To invest in Axis Nifty Next 50 Index Fund:
1. Login to the Kotak NEO App and tap Invest on the bottom navigation bar.
2. Under Other Investments, select Mutual Funds and search for Axis Nifty Next 50 Index Fund.
3. Open the scheme details and tap Invest Now.
4. Choose One-time Investment, enter the amount, accept the T&C, and click Proceed.
5. Complete the payment via your bank’s e-banking page.
Your order will be successfully placed upon payment confirmation.
How do I automate an SIP in Axis Nifty Next 50 Index Fund?
To automate an SIP in Axis Nifty Next 50 Index Fund, use the Auto-Invest feature on Kotak Securities. This allows you to set up automatic investments, SIPs in mutual funds at regular intervals. Once configured, your chosen amount will be invested in the Axis Nifty Next 50 Index Fund automatically, ensuring consistent contributions without manual intervention.
How can I withdraw/redeem my investment in Axis Nifty Next 50 Index Fund?
To withdraw or redeem your investment in Axis Nifty Next 50 Index Fund:
1. Login to the Kotak NEO App and access the Mutual Funds section.
2. Tap Reports on the bottom bar and select Manage SIP.
3. Find the Axis Nifty Next 50 Index Fund, tap the three dots, and select Stop SIP.
4. Confirm your action, and your SIP will be successfully stopped.
This streamlined process will help you redeem your investment quickly.
What is the NAV of Axis Nifty Next 50 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 Next 50 Index Fund is ₹17.21
What is the AUM of Axis Nifty Next 50 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 Next 50 Index Fund is ₹293.73 Cr.
What is the minimum SIP amount for Axis Nifty Next 50 Index Fund?
Every mutual fund scheme has a minimum SIP amount, which one may start with.
The minimum SIP amount of Axis Nifty Next 50 Index Fund is ₹100
What is the Expense Ratio of Axis Nifty Next 50 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 Next 50 Index Fund is 1.02%
What is the Exit load of Axis Nifty Next 50 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.
