Axis Mutual Fund
slider
Explore Funds
Drop Down
Goals & Calculator
drop-down
Investor Services
drop-down
Search
shopping-cart
Menu

Axis Nifty Bank Index Fund

bulb
Returns:
Info Icon
Risk Icon

Overview

Investment Objective

To provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors. However, there is no assurance that the investment objective of the Scheme will be achieved.

Entry Load, Exit Load & Tax

Tax implication

Minimum Investment

Underlying Index Details

This product is suitable for investors who are seeking*

  • Long term wealth creation solution
  • An index fund that seeks to track returns by investing in a basket of Nifty Bank TRI stocks and aims to achieve returns of the stated index, subject to tracking error
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
Axis Nifty Bank Index Fund
Nifty Bank TRI

Fund Manager

Mr. Karthik Kumar
View Details

Performance

Returns Calculator

SIP
Lumpsum
//
//

Returns Over The Years

information

Performance of Axis Nifty Bank Index Fund - Direct Growth as of February 28, 2026

Nifty Bank TRICurrent Value of Rs.10,000 Invested
Annualised(%)Nifty Bank TRI
Benchmark(%)
Nifty 50 TRI
Additional Benchmark(%)
Annualised(₹)Nifty Bank TRI
Benchmark(₹)
Nifty 50 TRI
Additional Benchmark(₹)
Since Inception
2024-05-24
13.26%13.48%6.63%12,45612,50011,199
5 Years
------
3 Years
------
1 Year
25.96%26.28%15.12%12,58812,62011,507

Fund Quants

info

Tracking Difference

Fund Names1 Year3 Year5 Year10 YearSince Inception
Axis Nifty Bank Index Fund-0.26N/AN/AN/A-0.19

Tracking Error

The tracking error of Axis Nifty Bank Index Fund as of March 16, 2026 is 0.05
Disclaimer : Tracking Error and Tracking Difference data powered by ICRA Analytics (Disclaimer - http://www.icraanalytics.com/legal/standard-disclaimer.html)

Portfolio

information

Asset Cap Mix

Portfolio Summary

No. of stocks
10
Top 10 Stocks (%)
88.19%
Top 5 Stocks (%)
65.62%
Top 3 Stocks (%)
46.52%

Holdings

Stocks% of holdings
HDFC Bank Limited19.7
ICICI Bank Limited16.14
State Bank of India10.68
Axis Bank Limited9.94
Kotak Mahindra Bank Limited9.16
The Federal Bank Limited5.54
IndusInd Bank Limited4.72
Bank of Baroda4.45
AU Small Finance Bank Limited3.96
Canara Bank3.9

Similar Funds

PreviousNext

Documents

Leaflet

Schemes pdf

SID

Schemes pdf

KIM

Schemes pdf

Frequently asked questions

What is the Nifty Bank Index and why is it important for investors?

The Nifty Bank Index tracks the 12 largest and most liquid banking stocks listed on India’s National Stock Exchange. It reflects the performance of India’s banking sector, which plays a critical role in the country’s economy by supporting businesses, consumers, and infrastructure growth. Investing in this index lets you participate in the potential growth of India’s strongest banks.

What sectors does Axis Nifty Bank Index Fund invest in?

This fund invests almost entirely in the banking sector (99%), which includes largest Indian private banks, public sector banks, and investment banks. The fund provides focused exposure to India’s banking segment, which is a key driver of economic growth*.

Who are the top companies in Axis Nifty Bank Index Fund?

By investing in this fund, you gain exposure to India’s leading banks such as: HDFC Bank Ltd, ICICI Bank Ltd, Axis Bank Ltd, State Bank of India, Kotak Mahindra Bank Ltd and many more. These banks are among the largest and most stable financial institutions in India*.

What is the minimum investment amount to start with Axis Nifty Bank Index Fund?

You can start investing with as little as ₹500 through a lump sum payment or ₹100 through a Systematic Investment Plan (SIP), making it accessible for beginners and experienced investors alike.

What is Axis Nifty Bank Index Fund?

The Axis Nifty Bank Index Fund is a passive mutual fund that invests in the same stocks, same proportion that form the Nifty Bank Index. The fund aims to closely track the index’s returns, giving you simple and cost-effective access to India’s top banking companies without the need to pick stocks.

How does Axis Nifty Bank Index Fund help diversify your portfolio?

This fund focuses on India’s banking sector, which can behave differently from other sectors such as technology or consumer goods*. Adding this fund to your portfolio provides concentrated exposure to a key economic sector, balancing growth and risk when combined with broader equity funds.

How is Axis Nifty Bank Index fund different from actively managed funds?

Unlike active funds where managers try to pick winning banks, Axis Nifty Bank Index Fund mirrors the Nifty Bank Index. This results in lower costs, more transparency, and performance that closely matches the sector’s overall market trend without stock-picking risks subject to tracking error.

What are the tax implications for Axis Nifty Bank Index Fund?

• Long-Term Capital Gains (LTCG): Gains after 1 year are taxed at 12.5% on profits exceeding ₹1.25 lakh per year^^.• Short-Term Capital Gains (STCG): Gains within 1 year are taxed at 20%.Holding your investment for over a year can help reduce your tax liability^^.

Can you set up SWP (Systematic Withdrawal Plan) or STP (Systematic Transfer Plan) with this fund?

Yes! You can set up an SWP for regular cash withdrawals or STP to transfer funds systematically between Axis Mutual Fund schemes, offering flexibility and better control over your investments.*Note: Sector(s)/ Stock(s) mentioned above are for the purpose of disclosure of the portfolio of the Scheme(s) and should not be construed as recommendation.^^For individual nature of tax implications, investors are requested to consult their tax advisors before investing.#Total Expense Ratio (TER) is of Axis Nifty Bank Index Fund direct Growth Plan as on 30 September 2025. The TER of the Scheme is subject to change at the discretion of AMC within the limits specified in Scheme Information Document. Investors are requested to visit Axis Mutual Fund website to view the current TER of the Scheme at the time of investments (https://www.axismf.com/total-expense-ratio).For NSE disclaimer, refer SID.Past performance may or may not be sustained in the future.Mutual Fund Investments are subject to market risks, read all scheme related documents carefully.

What is the expense ratio of Axis Nifty Bank Index Fund Direct Growth Plan?

The Axis Nifty Bank Index Fund has a low expense ratio of just 0.18% (direct growth plan, as of 30 September 2025). Lower expenses mean more of your invested money stays in the market working towards your wealth creation rather than paying for management fees#.

Download our Mobile App
Download our Mobile App
Statutory Details: Axis Mutual Fund has been established as a Trust under the Indian Trusts Act, 1882, sponsored by Axis Bank Ltd. (liability restricted to Rs.1 lakh).Trustee: Axis Mutual Fund Trustee Ltd. Investment Manager: Axis Asset Management Co. Ltd. (the AMC).Risk Factors: Axis Bank Ltd. is not liable or responsible for any loss or shortfall resulting from the operation of the scheme. Past performance may or may not be sustained in future. Please consult your financial advisor before investing.