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Unrated

Axis NIFTY IT ETF download report


1 Lakh

Investment declined to
₹ 0.92 Lakh

₹ 10000

Monthly SIP Declined to
₹ 1.11 Lakh

Suitability:

This is a fund that invests mainly in shares of companies in the information technology sector.

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 technology 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 IT ETF-G -20.69 1.16 1.87 14.61 1.27 -11.45 -7.66 -- -- -- --
S&P BSE IT TRI -17.66 1.04 2.15 13.67 1.57 -9.56 -6.93 -- -- -- --
Equity: Sectoral-Technology -19.42 1.04 1.96 13.63 2.40 -10.22 -6.93 -- -- -- --
Rank within category 7 7 9 4 7 6 5 -- -- -- --
Number of funds in category 11 13 13 13 13 11 10 5 5 4 4

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 IT ETF
Unrated
Mar-21 -7.66 -- -- 0.22 27
ICICI Prudential Technology Fund  | Invest Now
Unrated
Mar-00 -6.91 33.45 27.53 2.02 8,831
Tata Digital India Fund - Regular Plan  | Invest Online
Unrated
Dec-15 -4.97 30.65 27.55 2.01 5,881
Aditya Birla Sun Life Digital India Fund  | Invest Online
Unrated
Jan-00 -6.80 32.42 26.14 2.08 3,161
SBI Technology Opportunities Fund  | Invest Online
Unrated
Jul-99 -2.80 29.01 25.33 2.21 2,545

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 7.23 14-Jul-2022 - 21-Jul-2022 -10.14 17-Jan-2022 - 24-Jan-2022
Month 14.54 19-Jul-2021 - 18-Aug-2021 -15.30 04-Apr-2022 - 04-May-2022
Quarter 30.59 24-May-2021 - 23-Aug-2021 -24.44 17-Mar-2022 - 17-Jun-2022
Year 42.36 31-Mar-2021 - 31-Mar-2022 -9.22 15-Jul-2021 - 15-Jul-2022

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Axis NIFTY IT ETF-G -- -- -- -- -- --
S&P BSE IT TRI* 26.11 25.58 0.88 1.57 -- --
Equity: Sectoral-Technology* 27.71 23.53 1.03 1.35 0.87 4.51
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 10
Top 10 Stocks (%) 99.53
Top 5 Stocks (%) 78.80
Top 3 Sectors (%) 99.53
Portfolio P/B Ratio 7.74
Portfolio P/E Ratio 27.15

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,15,958 2,83,839
Giant (%) 69.88 65.20
Large (%) 19.78 18.61
Mid (%) 10.34 13.10
Small (%) -- 5.71
Tiny (%) -- 0.18

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 Infosys Technology 29.90 28.61 24.24 26.92
up Tata Consultancy Services Technology 31.89 28.94 23.52 25.49
up Tech Mahindra Technology 20.17 10.44 7.37 9.25
up Wipro Technology 20.66 12.32 7.76 8.76
up HCL Technologies Technology 19.46 9.60 8.29 8.38
up MindTree Technology 32.76 5.63 3.54 5.27
up L&T Infotech Technology 35.51 5.84 4.44 5.17
up Mphasis Technology 30.43 5.84 4.16 4.57
up Coforge Technology 34.71 3.42 1.69 3.42
up L&T Technology Services Technology 40.45 2.67 0.00 2.30

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

— Jinesh Gopani since 18-Mar-2021

Education: Mr. Gopani is a B. Com (H) and MMS from Bharati Vidyapeeth Institute of Management Studies and Research.

Experience: Prior to joining Axis AMC he has worked with Birla Sun Life AMC, Voyager India Capital Pvt. Ltd., Emkay Shares & Stock Brokers Limited and Net worth Stock Broking Limited.

Interviews:

Funds Managed:


1.16%

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

Growth: ₹ 310.7678


Investment Strategy

The schemes seeks to provide returns before expenses that closely correspond to the total returns of the NIFTY IT 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: 25-Mar-2021
Return Since Launch: 14.28%
Benchmark: NIFTY IT TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 27 Cr (As on 31-Jul-2022)
Expense Ratio: 0.22% (As on 31-Jul-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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