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Unrated

Axis Technology ETF


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 multi-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
Fund -- -1.45 -0.90 -2.72 19.34 38.42 -- -- -- -- --
S&P BSE IT TRI -- -1.55 -1.49 -2.54 13.47 31.69 -- -- -- -- --
Equity: Sectoral-Technology -- -1.38 -1.05 -1.89 18.49 40.49 -- -- -- -- --
Rank within category -- 7 6 5 6 9 -- -- -- -- --
Number of funds in category 7 9 9 9 9 9 7 4 4 3 3

As on 22-Oct-2021

Peer Comparison

Fund name Rating Launch Date 1-Year Return 3-Year Return 5-Year Return Expense Ratio Assets (Cr)
Axis Technology ETF
Unrated
Mar-21 -- -- -- 0.22% 23
ICICI Prudential Technology Fund  | Invest Now
Unrated
Mar-00 88.28 40.77 32.32 2.14% 6,319
Tata Digital India Fund - Regular Plan  | Invest Online
Unrated
Dec-15 83.69 39.07 31.78 2.07% 3,469
ICICI Prudential IT ETF  | Invest Now
Unrated
Aug-20 67.62 -- -- 0.20% 2,974
Aditya Birla Sun Life Digital India Fund  | Invest Online
Unrated
Jan-00 79.60 39.95 31.13 2.18% 2,536

Best & Worst Performance

Best Performance Worst Performance
Return (%) Period Return (%) Period
Week 6.46 12-Oct-2021 - 19-Oct-2021 -6.27 24-Sep-2021 - 01-Oct-2021
Month 14.54 19-Jul-2021 - 18-Aug-2021 -4.45 09-Apr-2021 - 11-May-2021
Quarter 30.59 24-May-2021 - 23-Aug-2021 5.32 09-Apr-2021 - 09-Jul-2021
Year -- - -- -

Risk Measures (%)

Mean Std Dev Sharpe Sortino Beta Alpha
Fund -- -- -- -- -- --
S&P BSE IT TRI* 30.90 22.79 1.18 2.13 -- --
Equity: Sectoral-Technology* 31.36 20.98 1.31 1.88 0.86 4.31
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 30-Sep-2021

Asset Allocation (%)

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Concentration & Valuation

Number of Stocks 10
Top 10 Stocks (%) 99.77
Top 5 Stocks (%) 80.29
Top 3 Sectors (%) 99.77
Portfolio P/B Ratio 9.87
Portfolio P/E Ratio 36.55

Portfolio Aggregates

Fund Category
Average Mkt Cap (Rs Cr) 3,98,394 3,34,976
Giant (%) 71.54 65.07
Large (%) 25.91 23.35
Mid (%) 2.55 8.64
Small (%) -- 7.26
Tiny (%) -- 0.41

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 34.62 26.73 24.24 26.73
up Tata Consultancy Services Technology 35.39 26.18 23.64 26.18
down HCL Technologies Technology 28.09 9.60 8.77 9.34
up Wipro Technology 30.87 12.32 8.93 9.13
down Tech Mahindra Technology 30.62 10.14 8.91 8.91
down MindTree Technology 53.87 5.63 3.54 5.01
down L&T Infotech Technology 54.29 5.84 4.88 4.88
down Mphasis Technology 46.01 5.84 4.16 4.75
down Coforge Technology 65.80 2.91 1.69 2.54
new L&T Technology Services Engineering 58.38 2.30 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 30-Sep-2021

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:

— Viresh Joshi since 18-Mar-2021

Education: Mr. Joshi is a B.Com

Experience: Prior to joining Axis Asset Management Company Ltd., he has worked with BNP Paribas Securities India Pvt. Ltd., ICICI Securities Ltd., Sify Securities (I) Pvt. Ltd., Santoor Leafin Pvt. Ltd.

Funds Managed:


-1.45%

Change from previous, NAV as on 22-Oct-2021

Growth: ₹ 357.2061


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

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

Basic Details

Fund House: Axis Mutual Fund
Launch Date: 25-Mar-2021
Return Since Launch: 38.20%
Benchmark: NIFTY IT TRI
Riskometer: Very High
Type: Open-ended
Assets: ₹ 23 Cr (As on 30-Sep-2021)
Expense: 0.22% (As on 30-Sep-2021)
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

Email: [email protected] / [email protected]

Website: http://www.axismf.com

Registrar & Transfer Agent: KFin Technologies Pvt Ltd.

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

Phone: 040-44857874

Email: [email protected]

Website: www.karvymfs.com

Upcoming Video

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DateFriday, 29-Oct-2021
Time12:30 PM - 01:00 PM