Axis Nifty Bank Index Fund Overview
Category Index Fund
BMSMONEY Rank N/A
BMSMONEY Rating N/A
Gro. Opt. As On: 11-10-2024
NAV ₹10.44(R) -0.69% ₹10.47(D) -0.69%
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) -% -% -% -% -%
LumpSum (D) -% -% -% -% -%
SIP (R) -% -% -% -% -%
SIP (D) -% -% -% -% -%
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
Top Index Fund
Fund Name Rank Rating
HDFC NIFTY50 Equal Weight Index Fund 1
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UTI Nifty200 Momentum 30 Index Fund 3
Dsp Nifty Next 50 Index Fund 4
Aditya Birla Sun Life Nifty Midcap 150 Index Fund 5
motilal oswal nifty next 50 index fund 6
Kotak Nifty Next 50 Index Fund 7
Motilal Oswal Nifty Midcap 150 Index Fund 8
Icici Prudential Nifty Next 50 Index Fund 9
Nippon India Nifty Midcap 150 Index Fund 10

NAV Date: 11-10-2024

Scheme Name NAV Rupee Change Percent Change
Axis Nifty Bank Index Fund - Regular Plan - IDCW Option 10.44
-0.0700
-0.6900%
Axis Nifty Bank Index Fund - Regular Plan - Growth Option 10.44
-0.0700
-0.6900%
Axis Nifty Bank Index Fund - Direct Plan - Growth Option 10.47
-0.0700
-0.6900%
Axis Nifty Bank Index Fund - Direct Plan - IDCW Option 10.47
-0.0700
-0.6900%

Review Date: 11-10-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It reflects the surge in the investment's value throughout the investment period, communicated as a percentage or a specific monetary sum. Our analysis encompassed two return parameters of this fund. We have organized the return parameters into three performance groups for evaluation: the top 25%, parameters that rank below the top 25% but above average, and parameters that are below average. Below, you'll find a breakdown of how each parameter has performed.
    1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
    2. Above Average Below the Top 25%: The fund does not have any return parameter which is above average but below the top 25%.
    3. Below Average: Two return parameters of the fund are below average in the category, which are listed below:
      • 1M Return %
      • 3M Return %
  2. Risk: It is defined as the prospect of not attaining expected yields or enduring financial setbacks due to numerous causes. For Axis Nifty Bank Index Fund, we have analyzed zero risk parameters and divided them into three groups the lowest 25%, below average but above the lowest 25%, and above average, which are described below.
    1. Lowest 25%: Axis Nifty Bank Index Fund does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
    2. Below Average but Above the Lowest 25%: Axis Nifty Bank Index Fund does not have any risk parameters in the below average but above the lowest 25% of the category.
    3. Above Average: Axis Nifty Bank Index Fund does not have any risk parameters above average; which is a good sign.
  3. Risk Adjusted Performance Parameters: Risk-adjusted performance parameters in mutual funds are parameters that assess the return on investments based on the risks involved. These parameters provide a platform for investors to compare various investments, by considering both profits and the risks involved. For Axis Nifty Bank Index Fund, we have evaluated zero risk-adjusted performance parameters.
    1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
    2. Above Average Below Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
    3. Below Average Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.25
0.55
-1.76 | 4.73 75 | 142 Average
3M Return % -2.08
2.84
-19.19 | 15.44 135 | 140 Poor
Return data last Updated On : Oct. 11, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.32 0.59 -1.69 | 4.80 75 | 144
3M Return % -1.87 2.98 -19.04 | 15.66 133 | 142
Return data last Updated On : Oct. 11, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Sept. 30, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -0.69 ₹ 9,931.00 -0.69 ₹ 9,931.00
1W -0.58 ₹ 9,942.00 -0.57 ₹ 9,943.00
1M 0.25 ₹ 10,025.00 0.32 ₹ 10,032.00
3M -2.08 ₹ 9,792.00 -1.87 ₹ 9,813.00
6M ₹ ₹
1Y ₹ ₹
3Y ₹ ₹
5Y ₹ ₹
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 ₹ ₹
3Y ₹ 36000 ₹ ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Axis Nifty Bank Index Fund NAV Regular Growth Axis Nifty Bank Index Fund NAV Direct Growth
11-10-2024 10.4351 10.4709
10-10-2024 10.5081 10.5439
09-10-2024 10.4021 10.4373
08-10-2024 10.406 10.4409
07-10-2024 10.297 10.3313
04-10-2024 10.4962 10.5304
03-10-2024 10.5742 10.6084
01-10-2024 10.7926 10.827
30-09-2024 10.804 10.8382
27-09-2024 10.9795 11.0134

Fund Launch Date: 24/May/2024
Fund Category: Index Fund
Investment Objective: To provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors. However there is no assurance that the investment objective of the Scheme will be achieved.
Fund Description: An Open Ended Index Fund tracking the Nifty Bank TRI
Fund Benchmark: Nifty Bank TRI
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.