AXIS NIFTY IT INDEX FUND

(An Open Ended Index Fund tracking the NIFTY IT TRI)
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MARCH 2024
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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 AVERAGE110.65Cr.
AS ON 31st March, 2024107.06Cr.
BENCHMARK NIFTY IT TRI
TRACKING ERROR 4.41%
(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

With effect from Apr 05, 2024, Kartik Kumar will also manage the fund.


Past performance may or may not be sustained in future.Different plans have different expense structure. Hitesh Das is managing the scheme since 18th July 2023 and he manages 7 schemes of Axis Mutual Fund . Please refer to annexure for performance of all schemes managed by the fund manager. Returns greater than 1 year period are compounded annualised (CAGR). Face Value per unit : ₹ 10.


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 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.
Please click here for NAV, TER, Riskometer & Statutory Details.