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
Performance of Axis Nifty Bank Index Fund - Direct Growth as of February 28, 2026
Nifty Bank TRI
Current 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%
12,456
12,500
11,199
5 Years
-
-
-
-
-
-
3 Years
-
-
-
-
-
-
1 Year
25.96%
26.28%
15.12%
12,588
12,620
11,507
Fund Quants
CAGR (SI)
13.26%
Benchmark Returns (SI)
13.48%
NAV
11.20As on Mar 16, 2026
Risk
Very High
AUM (In Cr.)
₹ 149.93As on Feb 28, 2026(in Cr.)
Expense Ratio
0.18%As on Mar 16, 2026
Worth of investments (SI) ₹10,000 Monthly SIP grown to
₹ 2,49,933.72
Tracking Difference
Fund Names
1 Year
3 Year
5 Year
10 Year
Since Inception
Axis Nifty Bank Index Fund
-0.26
N/A
N/A
N/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)
Updated as on: As of February 28, 2026
Portfolio
Asset Cap Mix
Equity99.95%
Debt/Cash0.05%
Portfolio Summary
No. of stocks
10
Top 10 Stocks (%)
88.19%
Top 5 Stocks (%)
65.62%
Top 3 Stocks (%)
46.52%
Market Cap
Small Cap0%
Mid Cap20.1%
Large Cap79.86%
Top 1 Sectors
Financial Services99.96%
Holdings
Stocks
% of holdings
HDFC Bank Limited
19.7
ICICI Bank Limited
16.14
State Bank of India
10.68
Axis Bank Limited
9.94
Kotak Mahindra Bank Limited
9.16
The Federal Bank Limited
5.54
IndusInd Bank Limited
4.72
Bank of Baroda
4.45
AU Small Finance Bank Limited
3.96
Canara Bank
3.9
Updated as on: February 28, 2026
Similar Funds
Documents
Leaflet
Axis Nifty Bank Index Fund - Leaflet - Direct
SID
Axis Nifty Bank Index Fund - SID
KIM
KIM-Axis Nifty Bank Index Fund
Updated as on: Invalid Date
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#.
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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.