Q: What are the returns of this mutual fund scheme?

The Axis Nifty Bank Index Fund Direct-Growth is a 1 yrs 9 m old fund and has delivered average annual returns of 12.45% since inception. Axis Nifty Bank Index Fund Direct-Growth Returns 1-Year Since Inception 19.82% 12.45%

Question 1

What is the current NAV of Axis Nifty Bank Index Fund Direct-Growth?

Accepted Answer

The current Net Asset Value (NAV) of the Axis Nifty Bank Index Fund - Direct Growth plan is approximately ₹12.0692 as of Feb 02, 2026.

Question 2

What are the returns of this mutual fund scheme?

Accepted Answer

The Axis Nifty Bank Index Fund Direct-Growth is a 1 yrs 9 m old fund and has delivered average annual returns of 12.45% since inception.

Axis Nifty Bank Index Fund Direct-Growth Returns

1-Year	Since Inception
19.82%	12.45%

Question 3

How much does this mutual fund charge as expense ratio?

Accepted Answer

The Axis Nifty Bank Index Fund - Direct Growth has an expense ratio of 0.18%, representing the annual cost of managing and operating the fund. This fee is deducted from the fund's AUM while declaring the daily NAV, reducing investor returns.

Question 4

What is the AUM or fund size of this mutual fund?

Accepted Answer

The Axis Nifty Bank Index Fund currently has assets under management (AUM) or fund size valued at approximately 149 Cr as on Dec 31, 2025.

Question 5

What are the top stock holdings of Axis Nifty Bank Index Fund?

Accepted Answer

The Axis Nifty Bank Index Fund has invested the majority of its money in the stocks of the following companies -

Company	Percentage of Portfolio
HDFC Bank Ltd.	25.2%
ICICI Bank Ltd.	20.21%
State Bank of India	9.65%
Axis Bank Ltd.	9.31%
Kotak Mahindra Bank Ltd.	9.11%
The Federal Bank Ltd.	4.31%
Indusind Bank Ltd.	3.7%
AU Small Finance Bank Ltd.	3.6%
IDFC First Bank Ltd.	3.59%
Bank Of Baroda	3.5%

Question 6

What are the top sectors Axis Nifty Bank Index Fund has invested in?

Accepted Answer

The Axis Nifty Bank Index Fund has primarily invested in the following sectors

Company	Percentage of Portfolio
HDFC Bank Ltd.	25.2%
ICICI Bank Ltd.	20.21%
State Bank of India	9.65%
Axis Bank Ltd.	9.31%
Kotak Mahindra Bank Ltd.	9.11%
The Federal Bank Ltd.	4.31%
Indusind Bank Ltd.	3.7%
AU Small Finance Bank Ltd.	3.6%
IDFC First Bank Ltd.	3.59%
Bank Of Baroda	3.5%

Question 7

What is risk level of Axis Nifty Bank Index Fund?

Accepted Answer

This is a Other Equity Index fund comes with Very High risk.

Question 8

Is there any lock-in period in this mutual fund?

Accepted Answer

No, this fund does not have any lock-in period.

Question 9

How do I invest in Axis Nifty Bank Index Fund Direct-Growth?

Accepted Answer

It is very fast, easy, and completely paperless in this mutual fund scheme on ET Money. The whole process takes just a few minutes. Here's how it works:

For the Desktop Version:

Click on the "Invest Now" button at the top right, then scan the QR code to download the app.

For the Mobile Version:

Click on the "Invest on App" button at the bottom to download the app.
Once the app is downloaded:
Sign-up and complete your one time KYC process, or log in if you're already registered.
Search for Axis Nifty Bank Index Fund - Direct Growth, select your investment mode (lump sum or SIP), and enter the investment amount.
Provide the required details, including the bank account you'll use for payment, and confirm your investment.

That's it. Your investment in the Axis Nifty Bank Index Fund is complete.

Question 10

How can I redeem my investments in Axis Nifty Bank Index Fund?

Accepted Answer

Redeeming your investments in the Axis Nifty Bank Index Fund is simple. If you have invested via ET Money, just log in to the app, go to the holdings section, and submit the redemption request.

If you have invested from anywhere else, you can go to the fund house website and put a request through it.

Expense ratio	0.18% as on Jan 29, 2026
Exit load	0.25% Exit load of 0.25%, if redeemed within 7 days.!
AUM (Fund size)	₹149 Cr
Lock-in Period	Nil
Age	1 yrs 9 m since May 03, 2024
Benchmark	NIFTY Bank TRI
Min. investment	SIP: ₹500 & Lumpsum: ₹1000
Risk	Very High
Short term capital gains (STCG)	Returns taxed at 20% if you redeem before 1 year
Long term capital gains (LTCG)	After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%

Period	This fund	Category average
1 Month	-2.4%	-5.73%
3 Months	0.82%	-6.14%
6 Months	5.5%	-3.29%
1 Year	19.82%	1.28%

Fund name	1M	6M	1Y	3Y	5Y	10Y
Axis Nifty Bank Index Fund	-2.4%	5.5%	19.82%	N.A.	N.A.	N.A.
ICICI Prudential BHARAT 22 FOF	-0.53%	10.18%	17.33%	26.9%	27.04%	13.41%
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	-2.76%	3.32%	6.3%	20.03%	13.68%	7.65%
Motilal Oswal Nifty Bank Index Fund	-2.4%	5.53%	19.79%	12.84%	11.51%	7.91%
SBI BSE PSU Bank Index Fund	-2.18%	24.44%	36.96%	11.05%	6.49%	3.2%
ICICI Prudential Nifty Auto Index Fund	-7.43%	12.25%	15.13%	26.23%	16.33%	7.86%

Fund name	Std. deviation	Beta	Sharpe	Sortino
Axis Nifty Bank Index Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential BHARAT 22 FOF	16.57	1.13	1.21	1.89
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	12.35	0.68	1.03	1.92
Motilal Oswal Nifty Bank Index Fund	12.12	1.0	0.66	1.3
SBI BSE PSU Bank Index Fund	N.A.	N.A.	N.A.	N.A.
ICICI Prudential Nifty Auto Index Fund	17.41	0.99	1.09	1.3

Fund name	ETM Rank	AUM	Fund age	Expense ratio
Axis Nifty Bank Index Fund	N.A.	149 Cr	1 yrs 9 m	0.18%
ICICI Prudential BHARAT 22 FOF	N.A.	2,500 Cr	7 yrs 7 m	0.12%
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund	N.A.	171 Cr	5 yrs 3 m	0.52%
Motilal Oswal Nifty Bank Index Fund	N.A.	667 Cr	6 yrs 5 m	0.24%
SBI BSE PSU Bank Index Fund	N.A.	162 Cr	10 m	0.27%
ICICI Prudential Nifty Auto Index Fund	N.A.	194 Cr	3 yrs 4 m	0.4%

Axis Nifty Bank Index Fund Direct-Growth

Historical NAV & returns

Axis Nifty Bank Index Fund overview

Axis Nifty Bank Index Fund Returns calculator

Trailing returns as on Jan 31, 2026

Asset allocationas on Dec 31, 2025

Peer comparison

Key risk & return ratios Compared to other funds in the category

About this fund

About Axis Nifty Bank Index Fund

Fund managers

Investment objective

Axis Mutual Fund details

More funds from Axis Mutual Fund

Frequently asked questions

Axis Nifty Bank Index Fund Direct-Growth Returns

ET Money rank

Fund AUM	149 Cr as on Dec 31, 2025
Scheme document	View Scheme Document

No. of schemes	70 view all schemes
Total AUM	3,65,749 Cr as on Dec 31, 2025
Address	23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai, 400013
Phone	022-24255161

Fund name	ETM Rank	AUM	1Y	5Y
Axis Small Cap Fund	N.A.	26,547 Cr	1.39%	20.67%
Axis Large & Mid Cap Fund	N.A.	15,616 Cr	7.45%	17.75%
Axis Midcap Fund	N.A.	31,717 Cr	7.26%	17.21%
Axis Global Equity Alpha FoF	N.A.	1,441 Cr	25.11%	16.6%
Axis Nifty Midcap 50 Index Fund	N.A.	584 Cr	11.91%	N.A.
Axis Value Fund	N.A.	1,372 Cr	10.19%	N.A.