• ETF
  • Axis NIFTY Bank ETF (G)
Axis NIFTY Bank ETF (G)

Axis NIFTY Bank ETF (G)

Axis Banking ETF
EquitySectoral/ Thematic 
  • 476.04210

    NAV

  • -0.2%

    Change

Axis NIFTY Bank ETF NAV

476.04210

NAV (Feb 22)

Axis NIFTY Bank ETF returns

Last 1Y
18.1%
Last 3Y
10.6%
Last 5Y
NA
Last 10Y
NA
Since Inception
21.5%
6 Month CAGR
6.5%
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Axis NIFTY Bank ETF Information

Investment Objective

The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the NIFTY Bank Index subject to tracking errors. However,there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Low

Low to Moderate

Moderate

Moderately High

High

Very High

Very High Risk

Expense Ratio
0.18
Launched (4y ago)
Nov 03, 2020
AUM in Crores
187.081
ISIN
INF846K01X63
Beta (5yr)
0
Sharpe Ratio (3yr)
0.595
Sharpe Ratio (5yr)
0
YTM
0
Fund Managers
user-avatar

Ashish Naik

Fund Manager

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Karthik Kumar

Fund Manager

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Fund Name
Till Date CAGR
Axis NIFTY Bank ETF (G)
Axis NIFTY Bank ETF (G)

10.6%

21.5%

-

1.6%

17.4%

20.9%

-

16.3%

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4.5%

Asset allocation and Holdings

Last updated on 2024-02-23

Top 10 Stock Holdings

hdfc bank ltd
26.4 %
icici bank ltd
24.4 %
state bank of india
10.3 %
axis bank ltd
10 %
kotak mahindra bank ltd
9.9 %
indusind bank ltd
6.5 %
bank of baroda
2.9 %
punjab national bank
2.2 %
the federal bank ltd
2.1 %
au small finance bank ltd
2 %

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Axis NIFTY Bank ETF (G) Review

Axis NIFTY Bank ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty Bank TR INR. Axis NIFTY Bank ETF (G) is managed by the Axis Asset Management Company Limited with the fund managers being Ashish Naik, Karthik Kumar. The Axis NIFTY Bank ETF (G) was launched on Nov 03, 2020 with no lock-in period. Since its inception, the fund has delivered 21.5% as a return on investment. The fund has delivered a 1-year return of 18.1%, a 3-year return of 10.6%, and a 5-year return of null%.

As on 23 Feb, 2024 the NAV of the fund is Rs 474.94 and the AUM is Rs 187.08 crores. The fund charges an expense ratio of 0.18% on an annual basis. You can start a SIP with an investment of a minimum of Rs 100. You can make a lumpsum investment of minimum of Rs 5000.

Since the scheme is benchmarked to Nifty Bank TR INR, the fund is subject to very high risk and it may witness volatility in the short term. Hence, an exchange-traded fund is more suitable for an investment horizon of more than 5 years. The Axis NIFTY Bank ETF (G) has an asset allocation of 0% in equity and equity equivalents and 0% in debt securities.

Scripbox provides a unique feature through which you can compare the performance of Axis NIFTY Bank ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.