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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:

Fund Stats


To provide returns before expenses that corresponds to the total returns of the NIFTY IT TRI subject to tracking errors.

  • Benchmark:


  • 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

  • RISK

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.