AXIS NIFTY IT INDEX FUND

(An Open Ended Index Fund tracking the NIFTY IT TRI)

JULY 2023

To provide returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors.However, there can be no assurance or guarantee that the investment objective of the Scheme will be achieved.

DATE OF ALLOTMENT 14th July 2023
MONTHLY AVERAGE36.93Cr.
AS ON 31st July, 202366.34Cr.
BENCHMARK NIFTY IT TRI
TRACKING ERROR 15.2%
(As compared to Nifty IT TRI)
FUND MANAGER Mr. Hitesh Das
Work experience: 12 years.He has been managing this fund since 18th July 2023

Entry Load : NA
Exit Load : If redeemed or switched out within 7 days from the date of allotment: 0.25%, If redeemed / switched out after 7 days from the date of allotment: Nil



Note: Since the Scheme has not completed Six Months, performance details for the Scheme are not provided.
Since the fund has not completed 1-year annualized tracking error is taken from the launch date of the scheme. The tracking error may look optically elevated on account of deployment during the first few days of the scheme. This effect is transitionary in nature and normalizes as the fund completes 1 year since fund launch.
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