Axis Nifty EV & New Age Automotive Index Fund
- NAV as on 12 Nov 2026
- ₹10.21—1 day
- Return since launch
- 2.1%
- 52-week range
- ₹10.21 — ₹10.21
- AUM
- ₹329 Cr
Axis Nifty EV & New Age Automotive Index Fund is a Sectoral - Auto & Transportation equity fund from Axis Mutual Fund with ₹329 Cr under management, launched in 2026. The expense ratio is 0.00% and the SEBI riskometer reading is Very High.
Performance
Returns
How the fund has done against its category and its benchmark.
Since launch (16 Oct 2026): 2.1%
Returns over one year are annualised. Shorter periods are absolute.
Costs & terms
Costs and terms
What the fund charges each year, and the rules around putting money in and taking it out.
Costs
0.00%
Expense ratio
Charged yearly and already deducted from the NAV.
- Exit load
- Exit load of 0.25%, if redeemed within 15 days.
- Lock-in
- None
Terms
- Min SIP
- ₹3,000
- Min lumpsum
- ₹5,000
- Plan
- GROWTH
- Fund type
- OPEN-ENDED
- Benchmark
- Nifty EV and New Age Automotive TRI
- Short-term capital gains
- Returns taxed at 20% if you redeem before 1 year
- Long-term capital gains
- After 1 year, returns above ₹1.25 lakh in a financial year are taxed at 12.5%
Risk
Risk
What the riskometer means for this fund, and how its ratios sit against the category.
Your principal is treated as being at very high risk — typically small cap, sectoral and thematic equity schemes.
Portfolio
Axis Nifty EV & New Age Automotive Index Fund portfolio
What the fund owns, and how much of it.
Asset allocation
- Debt96.7%
- Other3.3%
Compare
Similar funds
The rest of the category, so this fund’s numbers have something to sit against.
| Fund | AUM | Expense | 1Y | 3Y | 5Y |
|---|---|---|---|---|---|
| Category average | ₹2,150 Cr | 1.92% | 15.5% | 13.8% | 16.9% |
 UTI Transportation and Logistics Fund | ₹4,001 Cr | 1.90% | 12.6% | 11.2% | 16.9% |
 ICICI Prudential Transportation and Logistics Fund | ₹3,817 Cr | 2.07% | 21.6% | 16.3% | — |
 HDFC Transportation and Logistics Fund | ₹2,004 Cr | 2.15% | 22.3% | 18.0% | — |
 Bandhan Transportation and Logistics Fund | ₹696 Cr | 2.51% | 10.9% | 11.6% | — |
| ICICI Prudential Nifty Auto Index Fund | ₹231 Cr | 0.95% | 10.1% | 11.8% | — |
About
About this fund
The scheme’s own words, its benchmark and the people running it.
Investment objective
The scheme seeks to provide returns before expenses that correspond to the performance of Nifty EV & New Age Automotive TRI
Fund managers
- Nandik MallikMr. Mallik holds B.Tech degree and has also done PGDM (IIM Calcutta) and MS- Finance (London Business School).Prior to joining the Axis MF, he was working with Avendus Capital Public Markets Alternate Strategies LLP, ICICI Prudential Asset Management Company Ltd, Edelweiss AMC, DC India Capital, Credit-Suisse (London), BNP Paribas (London), NM Rothschild (Mumbai) and Fair Isaac (Bangalore).
- Rohit GautamB.Tech. from IIT Bombay, PGDM from IIM AhmedabadPrior to joining the Axis MF, he was associated with IndiaFirst Life Insurance, Shriram AMC, Greater Pacific Capital.
Tools
Return calculator
What ₹10,000 a month in this fund would have grown to over each period, based on its past returns.
No return history published for this fund yet.
Returns for 1 year and longer are annualised (CAGR); 6-month figures are absolute. Past returns are not a forecast.
How this is calculated
Each monthly instalment grows at the fund’s annualised return ÷ 12 per month until the end of the period, the same formula as our SIP calculator.
The amount compounds once a year at the fund’s CAGR for that period, the same formula as our lumpsum calculator.
Questions
Frequently asked questions
The things people ask about this scheme.