AXIS NIFTY BANK INDEX FUND REGULAR PLAN IDCW PAYOUT

AXIS NIFTY BANK INDEX FUND REGULAR PLAN IDCW PAYOUT is a scheme launched by Axis Mutual Fund on May 29, 2024, and falls under the Index fund category. It currently manages an AUM of Rs 138.33 crore. The fund permits investments with a minimum SIP of Rs 100 and a lump sum of Rs 500. It charges an expense ratio of 1% for managing the portfolio.

• Investing Strategy:

  To provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors.

• Performance:

  AXIS NIFTY BANK INDEX FUND REGULAR PLAN IDCW PAYOUT trailing returns over different times are 5.74% (1 year), 0% (3 year) and 0% (5 year). The average annual return of this fund stands at 7.48%.