Axis Nifty50 Equal Weight Index Fund
- NAV as on 25 Sep 2026
- ₹9.71+0.29%1 day
- Return since launch
- -3.8%
- 52-week range
- ₹9.67 — ₹10.42
- AUM
- ₹98.21 Cr
Axis Nifty50 Equal Weight Index Fund is a Large Cap Index equity fund from Axis Mutual Fund with ₹98.21 Cr under management, launched in 2026. The expense ratio is 6.20% and the SEBI riskometer reading is Very High.
Performance
Axis Nifty50 Equal Weight Index Fund NAV and returns
Growth of the fund against its category average over the period you pick.
Over 1Y this fund returned -3.8% against -3.0% for its category.
Performance
Returns
How the fund has done against its category and its benchmark.
Since launch (3 Jul 2026): -3.8%
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
2.35%
Expense ratio as on 24 Sep 2026
Charged yearly and already deducted from the NAV.
- Base expense
- 0.90%
- Brokerage
- 0.25%
- Transaction charges
- 0.00%
- Statutory levies
- 1.20%
- 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 50 Equal Weight 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 Nifty50 Equal Weight Index Fund portfolio
Portfolio as of 31 Aug 2026
Asset allocation
- Equity99.4%
- Debt0.1%
- Other0.5%
Market cap split
- Large96.4%
- Mid3.6%
- P/E
- 20.10
- P/B
- 3.10
Top holdings
| Holding | Sector | Weight | Value | 3M chg | 6M chg | 1Y chg |
|---|---|---|---|---|---|---|
| Eternal Ltd. | Services | 2.51% | ₹2.47 Cr | — | — | — |
| Bajaj Auto Ltd. | Automobile | 2.44% | ₹2.40 Cr | — | — | — |
| Titan Company Ltd. | Consumer Discretionary | 2.32% | ₹2.28 Cr | — | — | — |
| HCL Technologies Ltd. | Technology | 2.31% | ₹2.27 Cr | — | — | — |
| Tata Consultancy Services Ltd. | Technology | 2.23% | ₹2.19 Cr | — | — | — |
| Bajaj Finserv Ltd. | Financial | 2.23% | ₹2.19 Cr | — | — | — |
| Tech Mahindra Ltd. | Technology | 2.19% | ₹2.15 Cr | — | — | — |
| Shriram Finance Ltd | Financial | 2.14% | ₹2.10 Cr | — | — | — |
| Nestle India Ltd. | Consumer Staples | 2.13% | ₹2.09 Cr | — | — | — |
| Grasim Industries Ltd. | Materials | 2.12% | ₹2.08 Cr | — | — | — |
| Infosys Ltd. | Technology | 2.11% | ₹2.07 Cr | — | — | — |
| Mahindra & Mahindra Ltd. | Automobile | 2.10% | ₹2.07 Cr | — | — | — |
| Bajaj Finance Ltd. | Financial | 2.09% | ₹2.06 Cr | — | — | — |
| JSW Steel Ltd. | Metals & Mining | 2.09% | ₹2.05 Cr | — | — | — |
| Sun Pharmaceutical Industries Ltd. | Healthcare | 2.08% | ₹2.04 Cr | — | — | — |
| ICICI Bank Ltd. | Financial | 2.08% | ₹2.04 Cr | — | — | — |
| Wipro Ltd. | Technology | 2.08% | ₹2.04 Cr | — | — | — |
| Eicher Motors Ltd. | Automobile | 2.06% | ₹2.03 Cr | — | — | — |
| Hindalco Industries Ltd. | Metals & Mining | 2.04% | ₹2.00 Cr | — | — | — |
| Apollo Hospitals Enterprise Ltd. | Healthcare | 2.04% | ₹2.00 Cr | — | — | — |
| Kotak Mahindra Bank Ltd. | Financial | 2.03% | ₹1.99 Cr | — | — | — |
| State Bank of India | Financial | 2.01% | ₹1.98 Cr | — | — | — |
| Maruti Suzuki India Ltd. | Automobile | 2.01% | ₹1.97 Cr | — | — | — |
| JIO Financial Services Ltd. | Financial | 1.98% | ₹1.95 Cr | — | — | — |
| Interglobe Aviation Ltd. | Services | 1.97% | ₹1.94 Cr | — | — | — |
| Bharat Electronics Ltd. | Capital Goods | 1.97% | ₹1.93 Cr | — | — | — |
| Ultratech Cement Ltd. | Materials | 1.97% | ₹1.93 Cr | — | — | — |
| Asian Paints Ltd. | Materials | 1.95% | ₹1.92 Cr | — | — | — |
| SBI Life Insurance Company Ltd. | Insurance | 1.93% | ₹1.90 Cr | — | — | — |
| Cipla Ltd. | Healthcare | 1.92% | ₹1.89 Cr | — | — | — |
| Reliance Industries Ltd. | Energy | 1.91% | ₹1.87 Cr | — | — | — |
| Bharti Airtel Ltd. | Communication | 1.91% | ₹1.87 Cr | — | — | — |
| Tata Steel Ltd. | Metals & Mining | 1.90% | ₹1.87 Cr | — | — | — |
| Larsen & Toubro Ltd. | Construction | 1.90% | ₹1.87 Cr | — | — | — |
| Oil And Natural Gas Corporation Ltd. | Energy | 1.90% | ₹1.86 Cr | — | — | — |
| Max Healthcare Institute Ltd. | Healthcare | 1.89% | ₹1.86 Cr | — | — | — |
| Tata Consumer Products Ltd. | Consumer Staples | 1.85% | ₹1.82 Cr | — | — | — |
| Axis Bank Ltd. | Financial | 1.84% | ₹1.81 Cr | — | — | — |
| Adani Enterprises Ltd. | Services | 1.84% | ₹1.81 Cr | — | — | — |
| HDFC Life Insurance Co Ltd. | Insurance | 1.80% | ₹1.77 Cr | — | — | — |
| NTPC Ltd. | Energy | 1.80% | ₹1.77 Cr | — | — | — |
| Hindustan Unilever Ltd. | Consumer Staples | 1.79% | ₹1.76 Cr | — | — | — |
| Coal India Ltd. | Materials | 1.79% | ₹1.75 Cr | — | — | — |
| Power Grid Corporation Of India Ltd. | Energy | 1.78% | ₹1.75 Cr | — | — | — |
| HDFC Bank Ltd. | Financial | 1.75% | ₹1.72 Cr | — | — | — |
| Trent Ltd. | Services | 1.74% | ₹1.71 Cr | — | — | — |
| ITC Ltd. | Consumer Staples | 1.74% | ₹1.71 Cr | — | — | — |
| Adani Ports and Special Economic Zone Ltd. | Services | 1.74% | ₹1.70 Cr | — | — | — |
| Tata Motors Passenger Vehicles Ltd. | Automobile | 1.73% | ₹1.70 Cr | — | — | — |
| Dr. Reddy's Laboratories Ltd. | Healthcare | 1.71% | ₹1.68 Cr | — | — | — |
| Others | Others | 0.56% | ₹0.55 Cr | — | — | — |
Sectors
Instruments
Recent changes
| Holding | From | To | Weight |
|---|---|---|---|
| Others | 1.45% | 0.09% | -1.35% |
| Eternal Ltd. | 2.30% | 2.51% | +0.21% |
| Grasim Industries Ltd. | 1.94% | 2.12% | +0.18% |
| Tata Motors Passenger Vehicles Ltd. | 1.90% | 1.73% | -0.16% |
| Bajaj Finance Ltd. | 2.25% | 2.09% | -0.16% |
| ITC Ltd. | 1.89% | 1.74% | -0.15% |
| Kotak Mahindra Bank Ltd. | 1.88% | 2.03% | +0.15% |
| SBI Life Insurance Company Ltd. | 2.08% | 1.93% | -0.15% |
| Bharti Airtel Ltd. | 2.05% | 1.91% | -0.15% |
| Bharat Electronics Ltd. | 1.83% | 1.97% | +0.14% |
| Bajaj Auto Ltd. | 2.31% | 2.44% | +0.13% |
| Shriram Finance Ltd | 2.01% | 2.14% | +0.13% |
| Power Grid Corporation Of India Ltd. | 1.91% | 1.78% | -0.13% |
| Titan Company Ltd. | 2.20% | 2.32% | +0.11% |
| JIO Financial Services Ltd. | 2.10% | 1.98% | -0.11% |
| Hindustan Unilever Ltd. | 1.90% | 1.79% | -0.11% |
| Axis Bank Ltd. | 1.73% | 1.84% | +0.11% |
| NTPC Ltd. | 1.90% | 1.80% | -0.10% |
| Hindalco Industries Ltd. | 1.95% | 2.04% | +0.09% |
| Adani Ports and Special Economic Zone Ltd. | 1.83% | 1.74% | -0.09% |
| Maruti Suzuki India Ltd. | 2.10% | 2.01% | -0.09% |
| Max Healthcare Institute Ltd. | 1.98% | 1.89% | -0.09% |
| HDFC Bank Ltd. | 1.84% | 1.75% | -0.09% |
| Oil And Natural Gas Corporation Ltd. | 1.97% | 1.90% | -0.08% |
| Cipla Ltd. | 2.00% | 1.92% | -0.08% |
| Adani Enterprises Ltd. | 1.91% | 1.84% | -0.08% |
| State Bank of India | 1.94% | 2.01% | +0.07% |
| Tata Consumer Products Ltd. | 1.93% | 1.85% | -0.07% |
| JSW Steel Ltd. | 2.01% | 2.09% | +0.07% |
| Trent Ltd. | 1.81% | 1.74% | -0.07% |
| Ultratech Cement Ltd. | 2.03% | 1.97% | -0.07% |
| Mahindra & Mahindra Ltd. | 2.17% | 2.10% | -0.06% |
| Larsen & Toubro Ltd. | 1.84% | 1.90% | +0.06% |
| Asian Paints Ltd. | 2.01% | 1.95% | -0.06% |
| HCL Technologies Ltd. | 2.36% | 2.31% | -0.05% |
| Coal India Ltd. | 1.83% | 1.79% | -0.05% |
| Tata Steel Ltd. | 1.95% | 1.90% | -0.05% |
| Tata Consultancy Services Ltd. | 2.19% | 2.23% | +0.04% |
| Eicher Motors Ltd. | 2.02% | 2.06% | +0.04% |
| ICICI Bank Ltd. | 2.04% | 2.08% | +0.04% |
| Reliance Industries Ltd. | 1.94% | 1.91% | -0.04% |
| Interglobe Aviation Ltd. | 1.94% | 1.97% | +0.03% |
| Wipro Ltd. | 2.06% | 2.08% | +0.02% |
| Tech Mahindra Ltd. | 2.21% | 2.19% | -0.02% |
| Dr. Reddy's Laboratories Ltd. | 1.69% | 1.71% | +0.02% |
| Infosys Ltd. | 2.09% | 2.11% | +0.02% |
| HDFC Life Insurance Co Ltd. | 1.81% | 1.80% | -0.01% |
| Nestle India Ltd. | 2.13% | 2.13% | -0.01% |
| Sun Pharmaceutical Industries Ltd. | 2.07% | 2.08% | 0.00% |
| Apollo Hospitals Enterprise Ltd. | 2.04% | 2.04% | 0.00% |
| Bajaj Finserv Ltd. | 2.23% | 2.23% | 0.00% |
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 | ₹2,691 Cr | 0.72% | 6.8% | 7.6% | 12.8% |
 UTI Nifty Next 50 Index Fund | ₹7,547 Cr | 0.87% | 6.8% | 7.6% | 12.7% |
 SBI Nifty Next 50 Index Fund | ₹2,366 Cr | 0.76% | 6.8% | 7.6% | 12.7% |
 DSP Nifty Next 50 Index Fund | ₹1,407 Cr | 1.01% | 6.6% | 7.5% | 12.7% |
 Kotak Nifty Next 50 Index Fund | ₹1,295 Cr | 0.64% | 6.9% | 7.7% | 12.8% |
 Nippon India Nifty Next 50 Junior BeES FoF | ₹840 Cr | 0.30% | 6.8% | 7.8% | 13.0% |
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 Nifty50 Equal Weight TRI subject to tracking error.
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.