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Axis Nifty Bank Index Fund Direct - Growth
Allotment date
24 May 2024
NFO ended on
17 May 2024
Fund overview
| Exit load | 0% Exit load of 0.25%, if redeemed within 7 days.! |
| Min. investment | SIP ₹100 & Lump. ₹1000 |
| Launch date | 03 May 2024 |
| End date | 17 May 2024 |
| Scheme benchmark | NIFTY Bank TRI |
| Fund type | OPEN-ENDED |
| Risk | Very High |
| Short term capital gains (STCG) | Returns taxed at 15% if you redeem before 1 year |
| Long term capital gains (LTCG) | After 1 year, pay tax of 10% on returns of ₹1 lakh+ in a financial year |
Category average past returns
| Category average | |
|---|---|
| Since Inception | 21.74% |
| 3y | 21.87% |
| 1y | 32.45% |
Trailing returns show point to point returns over different time periods. When compared to benchmark, trailing returns indicate how well the portfolio has compounded against benchmark.
| Category average median | |
|---|---|
| 3y | 17.4% |
| 1y | 22.9% |
Rolling returns is the best measure of consistency & likelihood of returns in a mentioned period. Above table shows the returns this category is likely to give for the different investment periods.
| Category average | |
|---|---|
| Since Inception | 17.52% |
| 3y | 18.6% |
| 1y | 36.78% |
Trailing returns show point to point returns over different time periods. When compared to benchmark, trailing returns indicate how well the portfolio has compounded against benchmark.
| Category average median | |
|---|---|
| 3y | 19.0% |
| 1y | 17.3% |
Rolling returns is the best measure of consistency & likelihood of returns in a mentioned period. Above table shows the returns this category is likely to give for the different investment periods.
| Category average | |
|---|---|
| 2024 | 6.6% |
| 2023 | 30.49% |
| 2022 | 4.07% |
| 2021 | 24.56% |
| 2020 | 3.94% |
| 2019 | 12.78% |
Calendar year returns are yearly return of the portfolio and when compared to the benchmark they can indicate the consistency of outperformance.
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This new fund offering has ended
This scheme will be available for investments after 29 May 2024