Axis NIFTY Bank ETF (G)

Axis NIFTY Bank ETF (G) is an Exchange Traded Fund which is benchmarked to . Axis NIFTY Bank ETF (G) is managed by the Axis Mutual Fund with the fund managers being [object Object],[object Object]. The Axis NIFTY Bank ETF (G) was launched on 2020-11-05 with no lock-in period. Since its inception, the fund has delivered 18.517% as a return on investment. The fund has delivered a 1-year return of 16.353%, a 3-year return of 12.537%, and a 5-year return of null%.

As on 6 Sep, 2024 the NAV of the fund is Rs 516.99 and the AUM is Rs 270.72 crores. The fund charges an expense ratio of 0.19% 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 , 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.