Axis NIFTY India Consumption ETF (G)

Axis NIFTY India Consumption ETF (G) is an Exchange Traded Fund which is benchmarked to Nifty India Consumption TR INR. Axis NIFTY India Consumption ETF (G) is managed by the Axis Asset Management Company Limited with the fund managers being Ashish Naik, Karthik Kumar. The Axis NIFTY India Consumption ETF (G) was launched on Sep 17, 2021 with no lock-in period. Since its inception, the fund has delivered 15.4% as a return on investment. The fund has delivered a 1-year return of 37.2%, a 3-year return of null%, and a 5-year return of null%.

As on 7 May, 2024 the NAV of the fund is Rs 105.48 and the AUM is Rs 12.90 crores. The fund charges an expense ratio of 0.37% 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 India Consumption 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 India Consumption 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 India Consumption ETF (G) with another fund in a similar category. This way you can make a well-informed investment decision.