Question 1

What is the Expense Ratio of Axis Nifty IT Index Fund - Direct - Growth?

Accepted Answer

The Expense Ratio of Axis Nifty IT Index Fund - Direct - Growth is 0.42% as of 01/07/2026. This is the fee charged by the fund house for managing the fund.

Question 2

What is the AUM of Axis Nifty IT Index Fund - Direct - Growth?

Accepted Answer

The Assets Under Management (AUM) of Axis Nifty IT Index Fund - Direct - Growth is ₹79.39 Crores as of Quarter ending March 2026.

Question 3

What is the 3-Year CAGR of Axis Nifty IT Index Fund - Direct - Growth?

Accepted Answer

The 3-Year Compound Annual Growth Rate (CAGR) of Axis Nifty IT Index Fund - Direct - Growth is 0.85%. This indicates the average annual growth rate over the last 3 years.

Question 4

Who manages Axis Nifty IT Index Fund - Direct - Growth?

Accepted Answer

Axis Nifty IT Index Fund - Direct - Growth is managed by Axis Mutual Fund.

Question 5

Is Axis Nifty IT Index Fund - Direct - Growth an open-ended or close-ended scheme?

Accepted Answer

Axis Nifty IT Index Fund - Direct - Growth is an Open-Ended scheme.

Question 6

What is the benchmark for Axis Nifty IT Index Fund - Direct - Growth?

Accepted Answer

The benchmark for Axis Nifty IT Index Fund - Direct - Growth is Nifty IT.

Question 7

How is the Expense Ratio calculated?

Accepted Answer

The Expense Ratio is the annual fee that mutual funds charge their unitholders. It expresses the percentage of assets deducted each fiscal year for fund expenses including 12b-1 fees, management fees, administrative fees, operating costs, and all other asset-based costs incurred by the fund.

Period	Returns	CAGR	Volatility
3M	-6.85%	-24.73%	32.03%
6M	-24.39%	-42.84%	30.59%
1Y	-19.40%	-19.40%	25.34%
3Y	2.58%	0.85%	21.99%
5Y	N/A	N/A	N/A

Scheme	3Y CAGR (%)	TER (%)	AUM (Cr)
Nippon India Nifty IT Index Fund - Direct - Growth	-	0.47%	₹117.05
Navi NiftyIT Index Fund - Direct - Growth	-	0.63%	₹22.58
Axis Nifty IT Index Fund - Direct - Growth	0.85%	0.42%	₹79.39
DSP Nifty IT Index Fund - Direct - Growth	-	0.55%	₹20.35
SBI Nifty IT Index Fund - Direct - Growth	-	0.54%	₹37.54
Kotak Nifty Financial Services Ex-Bank Index Fund - Direct - Growth	-	0.22%	₹63.79
Axis Nifty Bank Index Fund - Direct - Growth	-	0.26%	₹83.54

Axis Nifty IT Index Fund - Direct - Growth

Frequently Asked Questions