myplexus

NFO Monitor

Fund Fact

Name of Funds:

Axis Nifty IT Index

Opening:

26th May 2023

Closing:

8th June 2023

Minimum Investment:

Rs. 5,000 and in multiples of Re. 1/- thereafter

Plan:

Regular and Direct

Options:

Growth and IDCW

Entry Load:

Not Applicable

Exit Load:

0.25% of NAV if redeemed or switched out within 7 days from the date of allotment

Fund Stats

Objective:

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

Benchmark:

NIFTY IT

Fund Manager:

Hitesh Das

Asset Allocation

95-100% Securities covered by Nifty IT TRI upto 5% Money Market

upto 5% Debt Nil Others

Comparable existing schemes

ICICI Prudential Nifty IT Index Fund	-5.14(6M)	Not Available
Bandhan Nifty 50 Index Fund	-0.43(6M)	12.75(1Y)

Fund Prognosis

Idea Distiller

The passive world is seeing a lot of interest and the IT Index is a huge wealth multiplier for a long time. So an obvious fit.

Fund House AAUM:
Rs. 24218330.91 Lakhs (as on 31st March 2023)
Fund Manager:
Experience of above 10 years

Scheme DNA 4 fundamentals

Uniqueness

Return

Risk

Operability

Oomph Factor

Actually for a bit of risk the rewards could be disproportionately lucrative. And the recent downturn is a big positive for the future.

We provide a range of tools and financial know-how that can help you make the most of your short-term and long-term investment goals.

Important Links

Fund

Snapshot

Company

Registered with AMFI AMFI Registration No: 2654 Initial Registration Date: 19th March 2003 Validity: 14th May 2025 to 23rd May 2028