Scheme
Axis Nifty Bank Index Fund
Holds 14 companies worth ₹175 Cr in Sept 2026.
Fund house
AxisThe fund house that runs this scheme.AUM
₹174 CrAxis Nifty Bank Index Fund's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 4.9% on Aug 2026, ₹183 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
- Nandik MalikFund manager, equity · Mar 2026 · 20y · PGDM B.Tech
- Rohit GautamCo-manager, equity · Mar 2026 · 18y · PGDM B.Tech
- Karthik KumarMay 2024 – May 2026
- Ashish NaikMay 2024 – Dec 2024
Key facts
- Benchmark
- Nifty Bank TRI
- Risk
- Very High
- Expense
- Regular 1.12% · Direct 0.24%
- Exit load
- 0.25% within 7 days
- Started
- 24 May 2024
- Minimum
- ₹500
Source.Its Scheme Summary Document as of 28 Sept 2026 at AMFI.
What changed(12 changes)
Sept 2026
1 change
- Expense ratio10 SeptRegular 1.04% → 1.12%Direct 0.18% → 0.24%
May 2026
4 changes
- 17 Mayas fund manager (equity)
- 17 Mayas co-manager (equity)
- 17 Mayran it as fund manager (equity) from May 2024
- Expense ratio17 MayRegular 1.01% → 1.04%
Sept 2025
1 change
- Expense ratio26 SeptRegular 1% → 1.01%Direct 0.17% → 0.18%
Source.Its filings at NSE, since Aug 2024.
Fund managers over time(May 2024 – now)
MainCoSlice20252026
Costs(Aug 2024 – Sept 2026)
Direct plan, 10 Sept 2026
0.24%
Regular plan 1.12% · Exit load 0.25% within 7 days
Objective and risk(28 Sept 2026)
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.
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
- Securities covered by Nifty Bank TRIAllowed95–100%
- Debt and Money market instrumentsAllowed0–5%Holds0.1%
Holds in Sept 2026.99.9% equity · 0.1% debt and cash
How to invest(28 Sept 2026)
Buying
- To start
- ₹500, then in multiples of ₹1
- To add
- ₹100, then in multiples of ₹1
- Systematic
- SIP - Daily/Weekly/Monthly/Yearly SWP - Weekly/Monthly/Quarterly/Halfyearly/Yearly STP - Daily/Weekly/Fortnightly/Monthly/Quarterly
- Dates
- SIP - Except 29,30 and 31 all dates. SWP - Weekly - Any Business Day/ Rest - 1, 5, 10, 15 and 25. STP - Daily/Weekly - Monday to Friday. Fortnightly - alternate Wednesday. Monthly/Quarterly - 1,7,10,15 and 25
- Minimum
- SIP - Daily/Weekly/Monthly - 100 and Yearly 12,000. SWP - Weekly/Monthly/Quarterly/Halfyearly/Yearly - 1000. STP - Daily, Weekly, Fortnightly, Monthly - 1000 and Quarterly 3000., then in multiples of ₹1
- Instalments
- SIP - Daily/Weekly/Monthly - 6. Yearly -3. SWP - Weekly - 5/Monthly - 6. Quarterly/ Halfyearly - 4. Yearly - 2. STP - Daily/Weekly/Fortnightly/Monthly - 6. Quarterly -2.
Selling and switching
Scheme details(28 Sept 2026)
What it is
- Category
- Index Fund
- Offer
- 3 May 2024 to 17 May 2024
- Started
- 24 May 2024
- Reopened
- 29 May 2024
- Plans
- Direct IDCW-Payout,Direct IDCW-Reinvestment,Direct Growth · Regular IDCW-Payout,Regular IDCW-Reinvestment,Regular Growth
- Face value
- ₹10
- Listed
- Unlisted
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/EIN/24/02/0086