Axis NASDAQ 100 US Specific Equity Passive FOF
This is the Direct plan of Axis NASDAQ 100 US Specific Equity Passive FOF — bought from the fund house, with no distributor commission in its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.
Performance
Scorecard
★★★★★5/5 vs 47 of 51 FoF Overseas peers- Performance 60%
- Risk 15%
- Cost 10%
- Downside 15%
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. The stars weight the same ground 60/15/10/15 (performance/risk/cost/downside) across every fund in the peer group. Ranked within FoF Overseas (same plan and option). 47 of the 51 FoF Overseas funds in this cohort carry the full record the stars need, so they are the ones ranked against.
3Y CAGR +32.68% · ranks 9 of 47 FoF Overseas funds
Volatility 18.7% vs 17.8% category avg
0.3% expense vs 0.6% category avg
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
- Ahead of the FoF Overseas average on 1M/3M/6M/1Y — 1Y by 10.67pp
- 3-year return (+32.68%) beats the FoF Overseas average (+25.04%)
- Stronger risk-adjusted returns — Sharpe 1.40 vs 0.98 FoF Overseas average
- Low expense ratio (0.29%) vs the FoF Overseas average of 0.63%
- 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 (FoF Overseas)
| Period | Fund | Category avg. | Diff |
|---|---|---|---|
| 1M abs | +5.09% | +0.14% | +4.95% |
| 3M abs | +2.24% | +0.76% | +1.48% |
| 6M abs | +27.03% | +13.64% | +13.39% |
| 1Y CAGR | +32.47% | +21.80% | +10.67% |
| 3Y CAGR | +32.68% | +25.04% | +7.64% |
| 5Y CAGR | — | +13.24% | — |
Category average across peers in FoF Overseas (up to 51 funds with data), 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.
Category rank
Vs 51 peers in FoF Overseas
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 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 | +26.84% | +30.89% | -4.05% | |
| 2025 | +24.82% | +25.75% | -0.93% | |
| 2024 | +29.46% | +30.17% | -0.71% | |
| 2023 | +54.22% | +52.82% | +1.40% | |
| 2022part | +0.25% | — | — |
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.
Taxation
Taxed as non-equityThis 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.
Added to your income at your slab rate
No indexation, no ₹1.25 L exemption
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.
Asset allocation
As on 31 Aug 2026 · AMC disclosure- Other99.45%
- Cash & Equivalents0.55%
Fund size over time
Quarterly average AUM · AMFIAt 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.
Fund Managers
KNKrishnaa NarayanManaging since 01 Mar 2024
Fund Manager – Foreign Securities
Chartered Accountant and Bachelor of Commerce (Accounts & Finance)
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
- Axis Aggressive Hybrid Fund
- Axis Children's Fund
- Axis Consumption Fund
- Axis ESG Integration Strategy Fund
- Axis Flexi Cap Fund
- Axis Focused Fund
- Axis Global Equity Alpha Fund of Fund
- Axis Global Innovation Fund of Fund
- Axis Greater China Equity Fund of Fund
- Axis Innovation Fund
- Axis Large & Mid Cap Fund
- Axis Large Cap Fund
- Axis Midcap Fund
- Axis Multi Asset Allocation Fund
- Axis Small Cap Fund
- Axis Value Fund
- Axis Equity Savings Fund - Direct Plan - Growth Option
- Axis Quant Fund - Direct Plan - Growth Option
- Axis Retirement Fund - Aggressive Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Conservative Plan - Direct Plan - Growth Option
- Axis Retirement Fund - Dynamic Plan - Direct Plan - Growth Option
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.
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
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Fortune India · 4d ago
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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 · 6d ago
Debt mutual funds: Axis MF suggests where to invest as RBI may raise rates by 50-75 bps over next 6 months
Livemint · 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.
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 ₹30.82 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 +32.47% over 1 year, +32.68% per year over 3 years and +34.34% 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 0.29% 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 -23.0%. 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 1.40 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 1.40 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.