Fundalysisby DARKHORSESTOCKS

Scheme

Axis Nifty Bank ETF

Holds 14 companies worth ₹293 Cr in Sept 2026.

  • Fund house

    AxisThe fund house that runs this scheme.

  • AUM

    ₹291 CrAxis Nifty Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 12.2% on Aug 2026, ₹331 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Nandik MalikRuns it since 6 Mar 2026, as the fund house dates it. With Rohit Gautam (co-manager).

Overview(28 Sept 2026)

Fund managers2

  1. Nandik MalikFund manager, equity · Mar 2026 · 20y · PGDM B.Tech
  2. Rohit GautamCo-manager, equity · Mar 2026 · 18y · PGDM B.Tech
  1. Karthik KumarAug 2023 – May 2026
  2. Ashish NaikMay 2022 – Dec 2024

Key facts

Benchmark
NIFTY Bank TRI
Risk
Very High
Expense
Regular 0.25% · Direct 0%
Exit load
N/A
Started
3 Nov 2020
Minimum
10000 (Units)

Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.

What changed(7 changes)

Sept 2026

1 change
  1. Expense ratio
    10 SeptRegular 0.23% → 0.25%

May 2026

4 changes
  1. Nandik Malik joined
    17 Mayas fund manager (equity)
  2. Rohit Gautam joined
    17 Mayas co-manager (equity)
  3. Karthik Kumar left
    17 Mayran it as fund manager (equity) from Aug 2023
  4. Expense ratio
    17 MayRegular 0.2% → 0.23%

Sept 2025

1 change
  1. Expense ratio
    26 SeptRegular 0.19% → 0.2%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(May 2022 – now)

  1. Nandik Malik
  2. Rohit Gautam
  3. Karthik Kumar
  4. Ashish Naik
MainCoSlice2023202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Sept 2026)

Every change to the expense ratio, newest first.
4 changesRegularDirectΔ pt
10 Sept 20260.25%0.00%0
17 May 20260.23%0.00%0
26 Sept 20250.20%0.00%0
21 Aug 20240.19%0.00%–
Direct plan, 10 Sept 2026
0.00%
Regular plan 0.25% · Exit load N/A
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(28 Sept 2026)

Objective

The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the NIFTY Bank Index subject to tracking errors. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
An open ended scheme replicating/ tracking the NIFTY Bank Index
Benchmark
NIFTY Bank TRI

Asset allocation it may hold% of NAV

  1. Equity instruments covered by Nifty Bank Index
    Allowed95–100%Holds100.0%
  2. Debt & Money Market Instruments
    Allowed0–5%Holds0.0%

Holds in Sept 2026.100.0% equity

How to invest(28 Sept 2026)

Buying

To start
10000 (Units)
To add
10000 (Units)

Selling and switching

Scheme details(28 Sept 2026)

What it is

Category
Other ETFs
Offer
16 Oct 2020 to 29 Oct 2020
Started
3 Nov 2020
Reopened
9 Nov 2020
Face value
₹100
Listed
NSE

How it is run

Swing pricing
No
Side-pocketing
Yes
Custodian
DEUTSCHE BANK AG
Auditor
B S R & Co. LLP
Registrar
Kfintech Ltd
SEBI code
AXIS/O/O/EET/20/08/0047