Fund Facts
-
Name of Fund:Axis Nifty IT Index
-
Opening:26th May 2023
-
Closing:8th June 2023
-
Scheme Type:Open Ended Equity Index Funds
-
Minimum Investment:Rs. 5,000 and in multiples of Re. 1/- thereafter
-
Plan:Regular and Direct
-
Options:Growth and IDCW
-
Entry Load:Not Applicable
-
Exit Road:0.25% of NAV if redeemed or switched out within 7 days from the date of allotment
-
Thereafter:Nil
Fund Stats
Objective
To provide returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors.
Benchmark:
NIFTY IT
Fund Manager:
Hitesh Das
Asset Allocation
95-100%
Securities covered by Nifty IT TRI
upto 5%
Money Market
Comparable existing schemes
| ICICI Prudential Nifty IT Index Fund | -5.14(6M) | Not Available |
| Bandhan Nifty 50 Index Fund | -0.43(6M) | 12.75(1Y) |
Fund Prognosis
Idea Distiller
The passive world is seeing a lot of interest and the IT Index is a huge wealth multiplier for a long time. So an obvious fit.
Fund House AAUM:
Rs. 24218330.91 Lakhs (as on 31st March 2023)
Fund Manager:
Experience of above 10 years
Scheme DNA 4 fundamentals
- UNIQNESS
- RETURN
- RISK
- OPERABILITY
OOMP Factor
Actually for a bit of risk the rewards could be disproportionately lucrative. And the recent downturn is a big positive for the future.