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Unrated

Axis Nifty Bank ETF download report


1 Lakh

Investment Grown to
₹ 1.11 Lakh

₹ 10000

Monthly SIP Grown to
₹ 1.29 Lakh

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.

Taxability of earnings:

Capital gains

  • If the mutual fund units are sold after 1 year from the date of investment, gains upto Rs 1 lakh in a financial year are exempt from tax. Gains over Rs 1 lakh are taxed at the rate of 10%.
  • If the mutual fund units are sold within 1 year from the date of investment, entire amount of gain is taxed at the rate of 15%.
  • No tax is to be paid as long as you continue to hold the units.

Dividends

  • Dividends are added to the income of the investors and taxed according to their respective tax slabs. Further, if an investor's dividend income exceeds Rs. 5,000 in a financial year, the fund house also deducts a TDS of 10% before distributing the dividend.

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(₹)
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Trailing Returns (%)

YTD 1-Day 1-W 1-M 3-M 6-M 1-Y 3-Y 5-Y 7-Y 10-Y
Axis NIFTY Bank ETF-G 11.88 0.56 3.11 13.98 15.49 5.86 10.65 -- -- -- --
S&P BSE Bankex TRI 12.58 0.44 3.03 12.94 14.47 5.94 11.38 -- -- -- --
Equity: Sectoral-Banking 10.26 0.81 3.47 13.96 15.83 5.89 9.79 -- -- -- --
Rank within category 13 22 23 15 17 13 6 -- -- -- --
Number of funds in category 28 30 30 29 29 29 27 17 16 14 9

As on 17-Aug-2022

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Nifty Bank ETF
Unrated
Nov-20 10.65 -- -- 0.16 44
SBI Banking & Financial Services Fund - Regular Plan  | Invest Online
5 star
Feb-15 6.30 13.74 11.87 1.94 3,553
Sundaram Financial Services Opportunities Fund - Regular Plan
4 star
Jun-08 7.42 14.52 10.35 2.71 568
Invesco India Financial Services Fund  | Invest Online
4 star
Jul-08 3.00 12.80 9.40 2.56 444
Nippon India ETF Nifty Bank BeES  | Invest Online
Unrated
May-04 10.65 11.50 10.18 0.19 9,645

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 16.64 29-Jan-2021 - 05-Feb-2021 -9.21 28-Feb-2022 - 07-Mar-2022
Month 17.14 25-Jan-2021 - 25-Feb-2021 -15.27 04-Feb-2022 - 07-Mar-2022
Quarter 31.00 13-Nov-2020 - 15-Feb-2021 -13.79 10-Feb-2022 - 12-May-2022
Year 43.71 09-Nov-2020 - 09-Nov-2021 -6.27 16-Jun-2021 - 16-Jun-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis NIFTY Bank ETF-G -- -- -- -- -- --
S&P BSE Bankex TRI* 15.39 33.19 0.36 0.44 -- --
Equity: Sectoral-Banking* 14.09 33.17 0.33 0.40 0.96 -0.82
Rank within category -- -- -- -- -- --
Number of funds in category -- -- -- -- -- --

The Risk Measures have been calculated using calendar month returns for the last three years.

As on

* As on 31-Jul-2022

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 12
Top 10 Stocks (%) 98.14
Top 5 Stocks (%) 84.63
Top 3 Sectors (%) 99.94
Portfolio P/B Ratio 2.13
Portfolio P/E Ratio 17.46

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,55,630 2,61,530
Giant (%) 84.68 72.14
Large (%) 7.75 12.25
Mid (%) 7.56 13.21
Small (%) -- 4.78
Tiny (%) -- --

Value Research Fund Style

Sector Allocation vis-à-vis Category

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Top Holdings

Company Sector P/E 3Y High 3Y Low % Assets
up HDFC Bank Financial 21.12 30.12 26.06 26.21
down ICICI Bank Financial 22.17 23.71 18.63 23.71
up State Bank of India Financial 13.34 13.96 10.40 11.86
up Axis Bank Financial 14.69 16.58 10.64 11.77
up Kotak Mahindra Bank Financial 28.03 15.94 11.08 11.08
up Indusind Bank Financial 15.52 6.00 4.42 5.89
equal AU Small Finance Bank Financial 35.93 2.75 0.00 2.25
up The Federal Bank Financial 10.29 1.94 1.30 1.87
equal Bank of Baroda Financial 7.61 1.86 0.00 1.86
equal Bandhan Bank Financial 72.25 2.75 1.42 1.64
equal IDFC First Bank Financial 23.07 1.39 0.78 1.00
equal Punjab National Bank Financial 12.75 1.18 0.43 0.80

up down equal Indicates an increase or decrease or no change in holding since last portfolio
new Indicates a new holding since last portfolio

As on 31-Jul-2022

Fund Manager

— Ashish Naik since 04-May-2022

Education: Mr. Naik is a B.E from Mumbai University and MBA from XLRI, Jamshedpur.

Experience: Prior to joining Axis Mutual Fund he was associated with organizations such as Goldman Sachs and has over 7 years of experience as an Equity Analyst.

Interviews:

Funds Managed:


0.56%

Change from previous, NAV as on 17-Aug-2022

Growth: ₹ 398.1874


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.

Investment Details

Min. Investment (₹) 5,000
Min. Addl Investment (₹) --
Min. SIP Investment (₹) --
Min. No of Cheques --
Min. Withdrawal (₹) --
Min. Balance (₹) --
Lock-in Period Not Applicable
Exit Load 0

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 05-Nov-2020
Return Since Launch: 23.33%
Benchmark: NIFTY Bank TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 44 Cr (As on 31-Jul-2022)
Expense Ratio: 0.16% (As on 30-Jun-2022)
Risk Grade: --
Return Grade: --
Turnover: --

Contact Information

AMC: Axis Asset Management Company Ltd.

Address: "Axis House" - 1st Floor, C-2 - Wadia International Centre, Pandurang Budhkar Marg , Worli, Mumbai - 400025

Phone: 022-24255161

Fax: 022-43255199

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Ltd.

Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad - 500016

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

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