Axis Nifty India Defence Index Fund
- NAV as on 9 Nov 2026
- ₹9.98+1.24%1 day
- Return since launch
- -2.7%
- 52-week range
- ₹9.45 — ₹11.05
- AUM
- ₹378 Cr
Axis Nifty India Defence Index Fund is a Thematic equity fund from Axis Mutual Fund with ₹378 Cr under management, launched in 2026. The expense ratio is 1.45% and the SEBI riskometer reading is Very High.
Performance
Axis Nifty India Defence Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -1.5% against +0.7% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
| Period | Fund | vs category | Category | Benchmark |
|---|---|---|---|---|
| 1M | -1.0% | −7.1 pts | 6.2% | 6.4% |
| 3M | -6.4% | −4.8 pts | -1.5% | -1.9% |
| 6M | -3.0% | −6.8 pts | 3.8% | 1.9% |
Since launch (10 Apr 2026): -2.7%
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
1.40%
Expense ratio as on 5 Nov 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.07%
- Transaction charges
- 0.00%
- Statutory levies
- 0.43%
- 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 India Defence 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 India Defence Index Fund portfolio
Portfolio as of 30 Sep 2026
Asset allocation
- Equity99.1%
- Debt2.0%
Market cap split
- Large52.1%
- Mid23.2%
- Small24.6%
- P/E
- 55.69
- P/B
- 9.77
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Bharat Electronics Ltd. | Capital Goods | 20.01% | ₹73.56 Cr | +19.83% | +17.48% | — |
| Hindustan Aeronautics Ltd. | Capital Goods | 19.72% | ₹72.50 Cr | +19.97% | +19.94% | — |
| Bharat Forge Ltd. | Automobile | 13.31% | ₹48.93 Cr | +14.50% | +14.71% | — |
| Solar Industries India Ltd. | Chemicals | 11.93% | ₹43.87 Cr | +11.56% | +11.03% | — |
| MTAR Technologies Ltd. | Capital Goods | 4.21% | ₹15.48 Cr | +4.15% | +4.05% | — |
| Mazagon Dock Shipbuilders Ltd. | Capital Goods | 3.99% | ₹14.68 Cr | +4.81% | +6.09% | — |
| Astra Microwave Products Ltd. | Communication | 3.44% | ₹12.66 Cr | +3.78% | +2.79% | — |
| Data Patterns (India) Ltd. | Capital Goods | 3.24% | ₹11.90 Cr | +3.44% | +3.54% | — |
| Cochin Shipyard Ltd. | Capital Goods | 3.16% | ₹11.63 Cr | +3.24% | +4.30% | — |
| Bharat Dynamics Ltd. | Capital Goods | 2.54% | ₹9.35 Cr | +3.20% | +3.69% | — |
| BEML Ltd. | Capital Goods | 1.89% | ₹6.96 Cr | +1.71% | +2.03% | — |
| Zen Technologies Ltd. | Technology | 1.84% | ₹6.77 Cr | +2.07% | +2.26% | — |
| Apollo Micro Systems Ltd. | Capital Goods | 1.64% | ₹6.04 Cr | +1.74% | +1.16% | — |
| Garden Reach Shipbuilders & Engineers Ltd. | Capital Goods | 1.59% | ₹5.84 Cr | +2.03% | +2.52% | — |
| Dynamatic Technologies Ltd. | Automobile | 1.33% | ₹4.88 Cr | +1.03% | +1.32% | — |
| Paras Defence And Space Technologies Ltd. | Capital Goods | 1.16% | ₹4.26 Cr | +1.16% | +0.83% | — |
| Aequs Ltd. | Technology | 1.15% | ₹4.22 Cr | +0.68% | +0.45% | — |
| Axiscades Technologies Ltd. | Technology | 0.99% | ₹3.65 Cr | +0.77% | +1.05% | — |
| Centum Electronics Ltd. | Capital Goods | 0.93% | ₹3.40 Cr | — | — | — |
| Others | Others | 0.92% | ₹3.38 Cr | +1.42% | +3.53% | — |
| Mishra Dhatu Nigam Ltd. | Metals & Mining | 0.53% | ₹1.95 Cr | +0.52% | +0.56% | — |
| Unimech Aerospace And Manufacturing Ltd. | Capital Goods | 0.38% | ₹1.39 Cr | — | — | — |
| Sigma Advanced Systems Ltd. | Technology | 0.08% | ₹0.28 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Hindustan Aeronautics Ltd. | 21.48% | 19.72% | -1.75% |
| Others | 0.59% | 2.04% | +1.45% |
| Centum Electronics Ltd. | 0.00% | 0.93% | +0.93% |
| Mazagon Dock Shipbuilders Ltd. | 4.69% | 3.99% | -0.70% |
| Bharat Forge Ltd. | 13.91% | 13.31% | -0.60% |
| MTAR Technologies Ltd. | 3.76% | 4.21% | +0.45% |
| Aequs Ltd. | 0.70% | 1.15% | +0.45% |
| Bharat Electronics Ltd. | 19.58% | 20.01% | +0.43% |
| Bharat Dynamics Ltd. | 2.93% | 2.54% | -0.38% |
| Unimech Aerospace And Manufacturing Ltd. | 0.00% | 0.38% | +0.38% |
| Garden Reach Shipbuilders & Engineers Ltd. | 1.87% | 1.59% | -0.28% |
| Solar Industries India Ltd. | 12.20% | 11.93% | -0.26% |
| Axiscades Technologies Ltd. | 0.74% | 0.99% | +0.25% |
| Zen Technologies Ltd. | 2.04% | 1.84% | -0.20% |
| Dynamatic Technologies Ltd. | 1.17% | 1.33% | +0.16% |
| Data Patterns (India) Ltd. | 3.39% | 3.24% | -0.16% |
| Paras Defence And Space Technologies Ltd. | 1.27% | 1.16% | -0.11% |
| Apollo Micro Systems Ltd. | 1.55% | 1.64% | +0.09% |
| Sigma Advanced Systems Ltd. | 0.00% | 0.08% | +0.08% |
| Astra Microwave Products Ltd. | 3.51% | 3.44% | -0.07% |
| BEML Ltd. | 1.84% | 1.89% | +0.05% |
| Mishra Dhatu Nigam Ltd. | 0.50% | 0.53% | +0.03% |
| Cochin Shipyard Ltd. | 3.18% | 3.16% | -0.02% |
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 | ₹3,848 Cr | 2.21% | 11.8% | 11.9% | 13.1% |
 HDFC Defence Fund | ₹11,493 Cr | 1.79% | 18.8% | 20.9% | — |
 ICICI Prudential Commodities Fund | ₹3,874 Cr | 1.96% | -1.4% | 7.0% | 12.1% |
| ICICI Prudential Exports and Services Fund | ₹1,442 Cr | 2.28% | 7.3% | 7.6% | 12.9% |
 Edelweiss Recently Listed IPO Fund | ₹1,276 Cr | 2.69% | 30.6% | 15.8% | 15.8% |
 SBI Comma Fund | ₹1,156 Cr | 2.31% | 3.6% | 8.1% | 11.7% |
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 India Defence TRI subject to tracking error. There is no assurance that the investment objective of the scheme will be achieved.
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.
| Over the past | Total investment | Would’ve become | Growth | Returns |
|---|---|---|---|---|
| 6 months−2.99% absolute | ₹60,000 | ₹58,206 | −2.99% |
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.