Axis Nifty 50 Index Fund is an open-ended fund that will replicate or track the Nifty 50 index.
| Good to know What is an index fund? An index fund is a mutual fund designed to track or replicate an index, such as the Nifty 50 or the Sensex. These funds try to match the risk and return of the market on the theory that the market will outperform any single investment in the long term. It follows a passive style of investing. |
Investment objective
The primary investment objective is to provide the returns before the tracking error of expenses (nearly matching the total returns of the Nifty 100). However, the fund gives no assurance that the investment objective of the scheme will be met.
An index fund provides broad exposure to the markets and has a low expense ratio as compared to actively managed funds. It represents 50 companies selected from the Nifty 100 based on free-float market capitalization, thus offering a consistent style.
Diversification is ensured in an index fund since the Nifty 50 index consists of 50 companies spread across 13 industries. Additionally, the Nifty 50 is the de-facto barometer of the Indian equity markets, making it an ideal strategy for investors looking for market-linked equity returns. Nifty 50 has given consistent returns over the long term with relatively low volatility.
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Asset allocation
| Instrument | Allocation (% of total assets) | Risk profile | |
| Minimum | Maximum | ||
| Equity & equity related instruments comprising Nifty 100 Index | 95 | 100 | High |
| Debt and money market instruments | 0 | 5 | Low to medium |
Scheme details
| Name | Axis Nifty 50 Index Fund |
| Type | An open-ended fund which tracks the Nifty 50 Index. |
| Category | Equity |
| Benchmark | Nifty 50 Index TRI |
| Entry/exit load | Entry: Nil Exit Load: Nil |
| Fund Manager | Mr Jinesh Gopani |
| Minimum application amount | ₹5,000 and in multiples of ₹1 thereafter |
| Expense ratio | Up to 1% |
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| This product is suitable for investors who are seeking*: | Riskometer |
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*Investors should consult their financial advisors if in doubt about whether the product is suitable for them.
Note: The above information has been sourced from the Scheme Information Document provided by Axis AMC. To read the entire document, click here.
Disclaimer: The above article is purely academic in nature and aims to provide knowledge about basic trading concepts & should not be construed as an opinion or advice to invest or trade. RKSV Securities India Private Limited (brand name Upstox) is the distributor of the mutual fund. Mutual fund investments are subject to market risks; please read all the related documents and/or consult your investment advisor before investing. Past performance of an investment asset does not guarantee future returns.
Mutual fund investments are subject to market risks, read all scheme related documents carefully.