Analyst’s Choice
As per SEBI's Riskometer.
Split between different types of investments
Split between categories of Equity investments
Rating |
VR Opinion |
Risk
|
Return (%) |
|
Expense Ratio (%)
|
|
---|---|---|---|---|---|---|
Axis Nifty Bank ETF
|
Very High
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0.18 |
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Very High
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0.19 |
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Very High
|
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0.16 |
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Very High
|
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0.20 |
||||
Very High
|
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0.16 |
₹271 Cr
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5,000
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Investment Strategy
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the NIFTY Bank Index subject to tracking errors.
Suitability
This is a fund that invests mainly in shares of banks and financial services companies.
We believe that investors should avoid funds that have a narrowly defined investment mandate such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route. Click here to read a primer on SIP investing.
Warning: Do not invest in this, or any other banking sector fund, if you need to redeem your investment in less than seven years.
Capital Gains Taxation
Dividend Taxation
1 min read•By Value Research
Axis Nifty Bank ETF is mandated to invest at least 80 per cent of its assets in the shares of banks and financial services companies. Being passively managed, it replicates the portfolio of its chosen benchmark index.
Mutual funds can be bought directly from the website of the fund house. For instance, Axis Nifty Bank ETF fund can be purchased from the website of Axis Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others. However, if you are not comfortable buying mutual funds online, you can seek help of a mutual fund distributor. Most banks also act as mutual fund distributors. So you can connect with your bank for assistance.
The NAV of Axis Nifty Bank ETF is ₹508.3963 as of 15-Aug-2024.
The AUM of Axis Nifty Bank ETF Fund is ₹271 Cr as of 31-Jul-2024
The riskometer level of Axis Nifty Bank ETF is Very High. See More
Company | Percentage of Portfolio |
---|---|
27.59
|
|
24.06
|
|
10.47
|
|
10.27
|
|
9.29
|
As of 31-Jul-2024, Axis Nifty Bank ETF had invested 99.57% in Equity, 0.33% in Cash & Cash Eq. and 0.1% in Debt See More
Axis Nifty Bank ETF is 3 years 9 months old. It has delivered 17.76% returns since inception. See More
1Y
|
3Y
|
5Y
|
7Y
|
10Y
|
Since Inception
|
---|---|---|---|---|---|
13.53%
|
11.88%
|
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|
--
|
--
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17.76%
|
No, There is no lock in period in Axis Nifty Bank ETF.
The expense ratio of Axis Nifty Bank ETF is 0.18.