Axis Nifty Smallcap 50 Index Fund
This is the Direct plan of Axis Nifty Smallcap 50 Index Fund — bought from the fund house, with no distributor commission in its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.
Performance
Scorecard
Not ratedHow this is computed
Each verdict is computed from this fund's own metrics against its sub-category — the number behind it is shown, not a black-box rating. Not rated — too few comparable Index funds (same plan and option) to rank against yet.
Not enough Index Funds peers to rank yet
Volatility 20.2% (no category average yet)
0.5% expense (no category average yet)
100% of rolling 3Y windows were positive
Strengths & concerns
Generated from this fund's own numbers against its sub-category — each point names the figure behind it.
Strengths
- Consistent — positive in 100% of rolling 3-year windows
Concerns
No significant concerns identified.
Key Metrics
Scheme Info
DefinitionsPeriod returns (<1Y, absolute — not annualized)
DefinitionsAnnualized returns (≥1Y — CAGR)
DefinitionsAdvanced metrics — risk and benchmark ratios
Fund vs category average (Index Funds)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | -4.20% | — | — |
| 3M abs | +1.71% | — | — |
| 6M abs | +24.11% | — | — |
| 1Y CAGR | +12.25% | — | — |
| 3Y CAGR | +17.07% | — | — |
| 5Y CAGR | — | — | — |
Category average across peers in Index Funds, same plan and option, excluding this fund. Under-1-year figures are absolute; 1Y and beyond are annualised (CAGR).
Not sure what a figure means? The glossary explains every metric, and the methodology shows the formulas.
Backtest this fund
What a SIP or one-time investment would have grown to over this fund’s real NAV history.
36 monthly installments of ₹10,000 into Axis Nifty Smallcap 50 Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.
Calendar-year returns
What the fund actually returned in each year, not the smoothed average.
| Year | Fund | Nifty Smallcap 250 TRI | Diff | |
|---|---|---|---|---|
| 2026part | +10.56% | +6.37% | +4.19% | |
| 2025 | -3.78% | -5.29% | +1.51% | |
| 2024 | +25.22% | +27.52% | -2.30% | |
| 2023 | +63.22% | +49.76% | +13.46% | |
| 2022part | -6.54% | — | — |
January–December, from this fund's NAV history. Absolute return, not annualised. “part” marks a year the fund didn't run end to end — its first year, the current year so far, or one it stopped reporting in; those years show no benchmark comparison.
Recent changes
Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.
- Expense ratio up: 0.34% → 0.45%02 Oct 2026
Taxation
Taxed as equityThis is an equity-oriented fund (≥65% in Indian equities), so gains get the concessional capital-gains rates below — they do not add to your income-tax slab.
Flat, on the whole gain
On gains above ₹1.25 L per financial year
Applies to capital gains on redemption. Excludes IDCW/dividend tax, STT, surcharge and cess, and pre-2018 equity grandfathering. For research only — consult a tax advisor before filing.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Equity100.11%
Fund size over time
Quarterly average AUM · AMFIAt or near its largest, ₹621.19Cr in April - June 2026. Size matters most where the mandate is narrow — a large small-cap or a very large flexi-cap book is harder to move without moving the price.
Net flow is an estimate: AMFI publishes a quarterly average AUM, not a closing balance, and it covers every plan and option of this scheme together, so it is a read on direction and rough size rather than a cash-flow statement.
AMC Profile
Axis Mutual Fund is run by Axis Asset Management, majority-owned by Axis Bank with the UK's Schroders holding the minority stake. It launched its first scheme in 2009 and grew quickly on a growth-oriented, quality-biased equity style.
Fund Managers
NMNandik MalikManaging since 06 Mar 2026
Function Head – Equity & Hybrid SIF and MF Equity – Passives
- Axis Nifty Capital Markets Index Fund
- Axis Nifty Energy ETF
- Axis Nifty Energy Index Fund
- Axis Nifty India Defence Index Fund
- Axis Nifty50 Equal Weight Index Fund
- Axis BSE India Sector Leaders Index Fund - Direct Plan - Growth Option
- Axis BSE Sensex ETF
- Axis BSE Sensex Index Fund - Direct Plan - Growth Option
- Axis Momentum Fund - Direct Plan - Growth Option
- Axis Nifty 100 Index Fund - Direct Plan - Growth Option
- Axis Nifty 50 ETF
- Axis Nifty 50 Index Fund - Direct Plan - Growth Option
- Axis NIFTY Bank ETF
- Axis Nifty Bank Index Fund - Direct Plan - Growth Option
- Axis NIFTY India Consumption ETF
- Axis NIFTY IT ETF
- Axis Nifty IT Index Fund - Direct Plan - Growth Option
- Axis Nifty Midcap 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty Next 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty500 Momentum 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty500 Quality 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty500 Value 50 ETF
- Axis Nifty500 Value 50 Index Fund - Direct Plan - Growth Option
- Axis Quant Fund - Direct Plan - Growth Option
RGRohit GautamManaging since 06 Mar 2026
Assistant Fund Manager Equities
B. Tech. (IIT Bombay) & PGDM (IIM Ahmedabad)
Who manages the scheme Refer Annexure 2 - Where will the Scheme Invest? - on Risk-o-meter and Benchmark Risk-o-meter - Disclosure on Scheme Summary Document (SSD) - Disclosure on Tracking Error and Tracking Difference - Fundamental Attributes Scheme specific disclosures Refer Annexure 2 Scheme Factsheet https://www.axis mf.com/statutory- disclosures Addendums https://www.axis mf.com/statutory- disclosures
- Axis Nifty Capital Markets Index Fund
- Axis Nifty Energy ETF
- Axis Nifty Energy Index Fund
- Axis Nifty India Defence Index Fund
- Axis Nifty50 Equal Weight Index Fund
- Axis BSE India Sector Leaders Index Fund - Direct Plan - Growth Option
- Axis BSE Sensex ETF
- Axis BSE Sensex Index Fund - Direct Plan - Growth Option
- Axis Nifty 100 Index Fund - Direct Plan - Growth Option
- Axis Nifty 50 ETF
- Axis Nifty 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty 500 Index Fund - Direct Plan - Growth Option
- Axis NIFTY Bank ETF
- Axis Nifty Bank Index Fund - Direct Plan - Growth Option
- Axis NIFTY India Consumption ETF
- Axis NIFTY IT ETF
- Axis Nifty IT Index Fund - Direct Plan - Growth Option
- Axis Nifty Midcap 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty Next 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty500 Momentum 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty500 Quality 50 Index Fund - Direct Plan - Growth Option
- Axis Nifty500 Value 50 ETF
- Axis Nifty500 Value 50 Index Fund - Direct Plan - Growth Option
Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. Benchmark and dealing terms from it and this scheme's SEBI-filed Scheme Information Document on AMFI. Each manager's qualifications and role are reconciled across every filing this fund house makes for them, including its Statement of Additional Information. Total AUM via AMFI.
Explore from here
Axis in the news
Headlines about the fund house, not this scheme in particular — highlights only; tap through to read the full story at the source.
Investors should avoid thinking of debt as a risk-free asset class: Devang Shah of Axis Mutual Fund explains why
livemint.com · 5h ago
Moneycontrol Hosts Mutual Fund Summit In Delhi
passionateinmarketing.com · 7h ago
Axis Pension Fund launches NPS Swasthya scheme for healthcare expenses
Fortune India · 4d ago
Axis Nifty Capital Markets Index Fund - Regular Plan Portfolio
The Economic Times · 4d ago
Axis MF's Shreyash Devalkar backs financials, says IT remains a trade despite correction
CNBC TV18 · 5d ago
Axis ELSS- Tax Saver Fund - Regular IDCW Payout
Alice Blue · 5d ago
Debt mutual funds: Axis MF suggests where to invest as RBI may raise rates by 50-75 bps over next 6 months
livemint.com · 6d ago
4 new players to join SIF race
Cafemutual · 7d ago
Returns and risk are computed from NAV history and may differ slightly from other portals due to methodology (rolling vs point-to-point, dividend treatment). For research only — not investment advice.
About Index funds & ETFs
Index funds and ETFs must keep at least 95% in the securities of the index they track, rather than trying to beat it. They charge far lower fees than active funds, and their return is the index's return minus that small cost and any tracking difference.
Frequently asked questions
What is the NAV of Axis Nifty Smallcap 50 Index Fund?
As of 01 Oct 2026, the NAV of Axis Nifty Smallcap 50 Index Fund is ₹20.22 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.
What returns has Axis Nifty Smallcap 50 Index Fund delivered?
Axis Nifty Smallcap 50 Index Fund has returned +12.25% over 1 year, +17.07% per year over 3 years and +16.87% per year since inception. Figures beyond one year are annualised (CAGR) and are computed from AMFI NAV history, so they may differ slightly from other portals.
What is the expense ratio of Axis Nifty Smallcap 50 Index Fund?
Axis Nifty Smallcap 50 Index Fund charges an expense ratio of 0.45% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.
What are the top holdings of Axis Nifty Smallcap 50 Index Fund?
Axis Nifty Smallcap 50 Index Fund's largest holdings are Sona BLW Precision Forgings Limited (4.4%), Karur Vysya Bank Limited (4.0%), Navin Fluorine International Limited (3.9%), Welspun Corp Limited (3.8%) and Piramal Finance Limited (3.4%). Holdings are disclosed monthly and change over time.
How risky is Axis Nifty Smallcap 50 Index Fund?
Axis Nifty Smallcap 50 Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 20.2% and its worst peak-to-trough fall in our sample was -27.7%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.
What does the Sharpe ratio of 0.52 mean?
The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis Nifty Smallcap 50 Index Fund's 0.52 means it has rewarded its volatility with excess return. Higher is better.
What is the benchmark of Axis Nifty Smallcap 50 Index Fund?
Axis Nifty Smallcap 50 Index Fund is benchmarked against the Nifty Smallcap 50 Index TRI. Its alpha and beta on this page are measured against that index.
Who manages Axis Nifty Smallcap 50 Index Fund?
Axis Nifty Smallcap 50 Index Fund is managed by Nandik Malik and Rohit Gautam at Axis.
How is Axis Nifty Smallcap 50 Index Fund taxed?
Axis Nifty Smallcap 50 Index Fund is an equity-oriented fund, so its capital gains get concessional rates: short-term gains (units held under 1 year) are taxed at 20%, and long-term gains (held 1 year or more) at 12.5% above a ₹1.25 lakh per-year exemption. These rates apply on redemption and don't add to your income-tax slab.