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Axis Nifty Bank Index Fund - Direct Plan - Growth Option

Axis · Index Funds
High
₹11.23
Current NAV
23 Oct 2026
-6.2%
1Y Return
17.7%
3Y CAGR
18.7%
5Y CAGR
Watchlist
NAV History (1 Year)
Analysis & Suitability
Pros / Upsides
  • Strong historical returns, outperforming category average in 3-year CAGR.
  • Highly cost-efficient with a low expense ratio of 0.37%.
  • Excellent risk-adjusted performance (Sharpe Ratio: 1.37).
  • Generates significant excess returns relative to benchmark index (Alpha: 2.87).
Cons / Risks
  • Subject to high equity market volatility and short-term capital fluctuations.
Suitable for
  • Long-term wealth creation (5+ years horizon) like retirement or child education.
  • Investors seeking exposure to stable, blue-chip market leaders.
Not suitable for
  • Short-term goals (under 3 years) where preserving the capital is the main priority.
  • Short-term trading or speculative investment horizons.
Risk Profile: High Risk
Low Moderate High Very High
Risk Metrics
1.37
Sharpe Ratio
0.67
Beta
2.87
Alpha
1.88
Sortino
Fund Details
Fund House Axis
Category Index Funds
AUM ₹2420 Cr
Expense Ratio 0.37%
Min SIP ₹500
Min Lumpsum ₹1000
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