AXIS NIFTY BANK INDEX FUND

(An Open Ended Index Fund tracking the Nifty Bank TRI)
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NOVEMBER 2024
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To provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved.

DATE OF ALLOTMENT 24th May 2024
MONTHLY AVERAGE124.16Cr.
AS ON 30th November, 2024126.33Cr.
BENCHMARK Nifty Bank TRI
TRACKING ERROR 0.13%
(As compared to Nifty Bank TRI)
FUND MANAGER
Mr. Karthik Kumar Work experience: 15 years.He has been managing this fund since 24th May 2024
Mr. Ashish Naik Work experience: 16 years.He has been managing this fund since 24th May 2024

Past performance may or may not be sustained in future. Different plans have different expense structure. Karthik Kumar is managing the scheme since 24th May 2024 and he manages 19 schemes of Axis Mutual Fund & Ashish Naik is managing the scheme since 24th May 2024 and he manages 17 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 : 0.25% if redeemed/ switched out within 7 days from the date of allotment/ Investment



Note: Since the fund has not completed 1-year, 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.
Note: Since the Scheme has not completed Six Months, performance details for the Scheme are not provided.
Please click here for NAV, TER, Riskometer & Statutory Details.