FoFFoF OverseasRegularIDCWVery High

Axis NASDAQ 100 US Specific Equity Passive FOF

Q: What is the NAV of Axis NASDAQ 100 US Specific Equity Passive FOF?

As of 01 Oct 2026, the NAV of Axis NASDAQ 100 US Specific Equity Passive FOF is ₹30.38 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis NASDAQ 100 US Specific Equity Passive FOF delivered?

Axis NASDAQ 100 US Specific Equity Passive FOF has returned +32.02% over 1 year, +32.21% per year over 3 years and +33.84% 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.

Q: What is the expense ratio of Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF charges an expense ratio of 0.64% per year. This annual fee is already deducted from the NAV, so the returns you see are net of it.

Q: What are the top holdings of Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF's largest holdings are iShares VII PLC - iShares NASDAQ 100 UCITS ETF (99.5%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.7% and its worst peak-to-trough fall in our sample was -23.1%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What does the Sharpe ratio of 1.38 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis NASDAQ 100 US Specific Equity Passive FOF's 1.38 means it has rewarded its volatility with excess return. Higher is better.

Q: What is the benchmark of Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF is benchmarked against the NASDAQ 100 TRI (INR). Its alpha and beta on this page are measured against that index.

Q: Who manages Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF is managed by Krishnaa Narayan at Axis.

Q: How is Axis NASDAQ 100 US Specific Equity Passive FOF taxed?

Axis NASDAQ 100 US Specific Equity Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.

Axis Mutual Fund · Best International Fund of Funds

NAV

₹30.38

-0.89% 1D

as of 01 Oct 2026

This is the Regular plan of Axis NASDAQ 100 US Specific Equity Passive FOF — bought through a distributor, whose commission is paid out of its expense ratio. Income is distributed, which is why this NAV sits below the growth plan of the same fund.

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Performance

+32.40%CAGR

52-week rangePrev NAV ₹30.65

Latest ₹30.38

Low ₹22.4497th percentile of its 52-week rangeHigh ₹30.65

Scorecard

Not rated

How 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 FoF funds (same plan and option) to rank against yet.

Performance—

Not enough FoF Overseas peers to rank yet

Risk—

Volatility 18.7% (no category average yet)

Cost—

0.6% expense (no category average yet)

ConsistencyHigh

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

Annual fee charged by the fund, already deducted from NAV

0.64%

Category —

Portfolio-weighted harmonic mean P/E across the fund's equity holdings

—

Category —

Excess return per unit of total volatility (rf = 6.5%)

1.38

Category —

Scheme Info

Definitions

Plan

Regular · IDCW

Period before units can be redeemed — 3 years for ELSS, none for most open-ended funds

None

If redeemed / switched-out within 7 Days from the date of allotment - 1%; If redeemed / switched-out after 7 days of allotment – Nil

Up to 1.00%

tiered — see the full terms

Statutory levy on every mutual-fund purchase since 1 Jul 2020 (SEBI / Govt of India) — the same for every scheme

0.005%

SIP Inv.

Allowed

Smallest recurring SIP instalment the scheme accepts

₹100

Smallest one-time (lumpsum) investment the scheme accepts

₹100

NASDAQ 100 TRI (INR)

Start of our NAV history for this plan. Direct plans begin 1 Jan 2013, so this is the plan's inception — not necessarily the scheme's original launch date.

04 Nov 2022

Period returns (<1Y, absolute — not annualized)

Definitions

Absolute return over the last 1 month (not annualized)

+5.06%

Absolute return over the last 3 months (not annualized)

+2.15%

Absolute return over the last 6 months (not annualized)

+26.82%

Absolute return since 1 Jan of this year (not annualized)

+26.52%

Annualized returns (≥1Y — CAGR)

Definitions

1-year point-to-point return, annualized (CAGR)

+32.02%

3-year annualized return (CAGR)

+32.21%

5-year annualized return (CAGR)

—

10-year annualized return (CAGR)

—

Annualized return (CAGR) since the first NAV we hold for this plan — the Inception date under Key metrics. AMFI's history starts in April 2006, so an older scheme is measured from there.

+33.84%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

18.67%

Excess return per unit of total volatility (rf = 6.5%)

1.38

Excess return per unit of downside deviation — upside swings aren't penalized (rf = 6.5%)

2.00

Largest peak-to-trough decline over full history

-23.08%

Benchmark ratios (vs Nasdaq 100 (₹, price) · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nasdaq 100 (₹, price)

-0.58%

Sensitivity to Nasdaq 100 (₹, price) moves; 1 = moves with the index

1.00

How much of the fund's movement Nasdaq 100 (₹, price) explains

95.5%

Excess return per unit of beta (market risk)

26.22

Active return over the benchmark per unit of tracking error

-0.23

Annualized std dev of fund-minus-benchmark returns

3.93%

Fund's share of benchmark gains in up months (100 = matches index)

100.6%

Fund's share of benchmark losses in down months (lower is better)

107.7%

Computed vs the Nasdaq 100 (₹, price) over the last 36 complete months — the closest match to this fund's mandate. TRI means dividends reinvested, as they are in the fund's own NAV; ₹ means a US index converted at each day's USD/INR, since the fund is priced in rupees. Needs ~3 years of history; a low R² means the fund tracks the index loosely.

Fund vs category average (FoF Overseas)

Period	Fund	Category avg.	Diff
1M abs	+5.06%	—	—
3M abs	+2.15%	—	—
6M abs	+26.82%	—	—
1Y CAGR	+32.02%	—	—
3Y CAGR	+32.21%	—	—
5Y CAGR	—	—	—

Category average across peers in FoF Overseas, 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.

Monthly investment (₹)

Period

Invested

₹3.60L

Current value

₹5.57L

Absolute

+54.76%

XIRR

+32.23%

Value vs. invested

ValueInvested

36 monthly installments of ₹10,000 into Axis NASDAQ 100 US Specific Equity Passive FOF, 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	Nasdaq 100 (₹, price)	Diff
2026part	+26.52%	+30.89%	-4.37%
2025	+24.41%	+25.75%	-1.34%
2024	+28.99%	+30.17%	-1.18%
2023	+53.55%	+52.82%	+0.73%
2022part	+0.18%	—	—

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.

History points

944

Expense ratio

0.64%

AUM

₹213.93Cr

Exit load

If redeemed / switched-out within 7 Days from the date of allotment - 1%; If redeemed / switched-out after 7 days of allotment – Nil

Taxation

Taxed as non-equity

This is a non-equity fund — a fund-of-funds, gold/silver, international or balanced-hybrid scheme. It isn't equity-oriented, but since FY 2025-26 it's no longer taxed like a pure-debt fund either: gains held over 2 years get the 12.5% long-term rate; shorter holdings are taxed at your income-tax slab rate.

Short-term

30%

Held under 2 years

Added to your income at your slab rate

Long-term (LTCG)

12.5%

Held 2 years or more

No indexation, no ₹1.25 L exemption

Your income-tax slab

Sets the short-term (slab-rate) figure above.

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.

Peer comparison · FoF Overseas

Compare all


Axis NASDAQ 100 US Specific Equity Passive FOFThis fund Axis · Regular · IDCW	—	+32.02%	+32.21%	—	—	0.64%	₹213.93Cr
DSP World Gold Mining Overseas Equity Omni FoF DSP · Regular · IDCW	—	+27.61%	+50.67%	+24.64%	—	2.31%	₹1,695Cr
ICICI Prudential Strategic Metal and Energy Equity Fund of Fund ICICI Prudential · Regular · IDCW	—	+47.59%	+33.77%	—	—	0.98%	₹280.94Cr
Aditya Birla Sun Life US Equity Passive FOF Aditya Birla Sun Life · Regular · IDCW	—	+32.70%	+32.76%	—	—	0.70%	₹508.14Cr
DSP Global Innovation Overseas Equity Omni FoF DSP · Regular · IDCW	—	+23.03%	+28.80%	—	—	2.05%	₹1,330Cr
Kotak Global Emerging Market Overseas Equity Active FOF Kotak Mahindra · Regular · IDCW	—	+35.12%	+26.89%	+12.45%	—	1.46%	—

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Other99.45%
Cash & Equivalents0.55%

Worst falls, and the wait to get back

How far this fund has dropped from a high, and how long it took to reclaim it.

-23.1%19 Feb 2025 → 07 Apr 2025
Fell over 2 months, back to the old high on 27 Jun 2025 — 3 months under water after the low.
-11.7%10 Jul 2024 → 05 Aug 2024
Fell over 26 days, back to the old high on 14 Oct 2024 — 2 months under water after the low.
-10.3%03 Jun 2026 → 29 Jul 2026
Fell over 2 months, back to the old high on 22 Sep 2026 — 2 months under water after the low.

Measured on this fund’s own NAV history, peak to trough to the day it regained the peak. Falls shallower than 5% are left out. A recovery date is when the NAV got back, not when any particular investor did — that depends on when they bought.

Fund size over time

Quarterly average AUM · AMFI

₹213.93Cr

April - June 2026

+13%

since January - March 2026

−₹20.66Cr

est. net flow, last quarter

At or near its largest, ₹213.93Cr 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.

Launched

03 Sep 2009

Total AUM

₹3,69,030Cr+2.6% QoQ

Avg AUM · April - June 2026

Website

axismf.com

Fund Managers

KNKrishnaa NarayanManaging since 01 Mar 2024

Role

Fund Manager – Foreign Securities

Education

Chartered Accountant and Bachelor of Commerce (Accounts & Finance)

Experience

6 years • Axis Asset Managem ent Company Ltd. [Fund Manager - (For Foreign Securities)] - March 01, 2024 till date • Axis Asset Managem ent Company Ltd. (Junior Research Analyst – Equity) – May 12, 2021 – February 29, 2024 • Price Waterhous e & Co LLP - April 22, 2019 – May 07, 2021 of the Fund Manager

Funds managed (21)

All schemes Krishnaa Narayan runs →

Fund managers from the AMC's filed Scheme Summary — its most recent filing for this scheme. 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.

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Fund managers

Krishnaa Narayan

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.

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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.

Frequently asked questions

What is the NAV of Axis NASDAQ 100 US Specific Equity Passive FOF?

As of 01 Oct 2026, the NAV of Axis NASDAQ 100 US Specific Equity Passive FOF is ₹30.38 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis NASDAQ 100 US Specific Equity Passive FOF delivered?

Axis NASDAQ 100 US Specific Equity Passive FOF has returned +32.02% over 1 year, +32.21% per year over 3 years and +33.84% 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 NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF charges an expense ratio of 0.64% 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 NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF's largest holdings are iShares VII PLC - iShares NASDAQ 100 UCITS ETF (99.5%). Holdings are disclosed monthly and change over time.

How risky is Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.7% and its worst peak-to-trough fall in our sample was -23.1%. 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 1.38 mean?

The Sharpe ratio is return earned per unit of total risk, above a 6.5% risk-free rate. Axis NASDAQ 100 US Specific Equity Passive FOF's 1.38 means it has rewarded its volatility with excess return. Higher is better.

What is the benchmark of Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF is benchmarked against the NASDAQ 100 TRI (INR). Its alpha and beta on this page are measured against that index.

Who manages Axis NASDAQ 100 US Specific Equity Passive FOF?

Axis NASDAQ 100 US Specific Equity Passive FOF is managed by Krishnaa Narayan at Axis.

How is Axis NASDAQ 100 US Specific Equity Passive FOF taxed?

Axis NASDAQ 100 US Specific Equity Passive FOF is a non-equity fund (a fund-of-funds, gold, international or balanced-hybrid scheme). Since FY 2025-26 it's no longer taxed like a pure-debt fund: gains on units held more than 2 years are long-term, taxed at 12.5% (no indexation, no ₹1.25 lakh exemption); units held 2 years or less are taxed at your income-tax slab rate.