Axis AMC - AxisSENSEX ETF

About Axis BSE SENSEX ETF

• Axis BSE SENSEX ETF aims to provide returns before expenses that closely correspond to the total returns of the S&P BSE SENSEX TRI, subject to tracking errors.
• As a passively managed fund, it replicates the portfolio of its chosen benchmark index.
• The net asset value (NAV) of Axis BSE SENSEX ETF stood at ₹81.66 per unit as on July 12, 2024.
• The investors can buy Axis BSE SENSEX ETF from the website of Axis Mutual Fund or any other brokerage. The ETF symbol of Axis BSE SENSEX ETF is AXSENSEX.
• The Assets Under Management (AUM) of Axis BSE SENSEX ETF Fund was ₹126 crore as of June 30, 2024. Axis BSE SENSEX ETF has been categorised as ‘Very High Risk’ investment.
• Axis BSE SENSEX ETF expense ratio is 0.2%. There is no lock-in period in Axis BSE SENSEX ETF. Axis BSE SENSEX ETF is 1 year and 3 months old.
• The ETF has delivered a return of 29.96% since inception.
• The ETF is managed by Ashish Naik and Karthik Kumar.

Investment objective & Benchmark

• This ETF is mandated to invest at least 80% of its assets in large-cap stocks consistently.
• Axis BSE SENSEX ETF aims to provide returns before expenses that correspond to the total returns of the BSE SENSEX TRI, subject to tracking errors. However, there is no assurance that the investment objective of the scheme will be achieved.
• This ETF primarily invests in largecap companies. Compared to funds that invest in smaller companies, such largecap funds tend to experience smaller declines when stock prices fall. Therefore, they are generally considered more suitable for conservative equity investors.

Asset Allocation & Portfolio Composition

• As of June 30, 2024, Axis BSE SENSEX ETF had allocated 99.45% of its assets to equity, 0.42% to cash and cash equivalents, and 0.14% to debt instruments.
• The fund's sector allocation reflects a diversified approach. Its financial sector exposure is at 37.85% and technology sector at 17.49%.
• The energy and utilities sectors follow closely with 15.37%, while consumer discretionary and consumer staples sectors represent 8.06% and 7.77%, respectively. Industrial and materials sectors contribute 5.61% and 5.49%, respectively. Healthcare holds a smaller allocation at 1.81%.

Top 10 holdings

• HDFC Bank - 14.03%
• Reliance Industries - 11.73%
• ICICI Bank - 9.31%
• Infosys - 6.23%
• L&T - 4.59%
• TCS - 4.38%
• ITC - 4.34%
• Bharti Airtel - 4.19%
• Axis Bank - 3.94%
• SBI - 3.58%

Its trailing returns over different time periods are 23.62% (1 year) and 30.52% (since launch). In comparison, the category returns for the same time duration are 39.64% (1 year), 18.71% (3 years), and 17.7% (5 years).