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Axis Nifty Capital Markets Index Fund

Q: What is the NAV of Axis Nifty Capital Markets Index Fund?

As of 01 Oct 2026, the NAV of Axis Nifty Capital Markets Index Fund is ₹8.99 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

Q: What returns has Axis Nifty Capital Markets Index Fund delivered?

Axis Nifty Capital Markets Index Fund has returned -10.82% 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 Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund charges an expense ratio of 1.61% 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 Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund's largest holdings are Multi Commodity Exchange of India Limited (19.6%), BSE Limited (16.8%), HDFC Asset Management Company Limited (12.1%), 360 One WAM Limited (6.9%) and Central Depository Services (India) Limited (5.7%). Holdings are disclosed monthly and change over time.

Q: How risky is Axis Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.1% and its worst peak-to-trough fall in our sample was -11.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

Q: What is the benchmark of Axis Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund is benchmarked against the Nifty Capital Markets TRI. Its alpha and beta on this page are measured against that index.

Q: Who manages Axis Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund is managed by Nandik Malik and Rohit Gautam at Axis.

Q: How is Axis Nifty Capital Markets Index Fund taxed?

Axis Nifty Capital Markets 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.

Axis Mutual Fund · Best Index Funds

NAV

₹8.99

-0.94% 1D

as of 01 Oct 2026

This is the Regular plan of Axis Nifty Capital Markets Index Fund — bought through a distributor, whose commission is paid out of its expense ratio. Income is retained in the fund, so it shows up as NAV rather than as a payout.

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Performance

-10.82%absolute

52-week rangePrev NAV ₹9.08

Latest ₹8.99

Low ₹8.990th percentile of its 52-week rangeHigh ₹10.12

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 — this fund has no full year of NAV history yet. A rating needs at least a 1-year return to rank its performance against peers.

Performance—

Not enough Index Funds peers to rank yet

RiskHigh

Volatility 18.1% vs 12.3% category avg

CostHigh

1.6% expense vs 1.0% category avg

Consistency—

Not enough history for a rolling 3Y view

Strengths & concerns

Generated from this fund's own numbers against its sub-category — each point names the figure behind it.

Strengths

No standout strengths identified.

Concerns

More volatile than its Index Funds peers (18.1% vs 12.3%)
High expense ratio (1.61%) vs the Index Funds average of 0.96%

Key Metrics

Annual fee charged by the fund, already deducted from NAV

1.61%

Category 0.96%▲0.65%

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

37.68

Category —

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

—

Category 0.33

Scheme Info

Definitions

Plan

Regular · Growth

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

None

a). If redeemed/ switched out within 15 days from the date of allotment: 0.25% b). If redeemed/ switched out after 15 days from the date of allotment: Nil

Up to 0.25%

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

Nifty Capital Markets TRI

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.

25 May 2026

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

Definitions

Absolute return over the last 1 month (not annualized)

-6.51%

Absolute return over the last 3 months (not annualized)

-9.21%

Absolute return over the last 6 months (not annualized)

—

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

-10.82%

Annualized returns (≥1Y — CAGR)

Definitions

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

—

3-year annualized return (CAGR)

—

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.

-10.82%

Advanced metrics — risk and benchmark ratios

Risk (trailing 3Y)

Definitions

Annualized standard deviation of daily returns

18.09%

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

—

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

—

Largest peak-to-trough decline over full history

-11.17%

Benchmark ratios (vs Nifty 500 TRI · 36 monthly returns)

Definitions

Jensen's alpha (annualized): return above what CAPM predicts for the fund's beta vs Nifty 500 TRI

—

Sensitivity to Nifty 500 TRI moves; 1 = moves with the index

—

How much of the fund's movement Nifty 500 TRI explains

—

Excess return per unit of beta (market risk)

—

Active return over the benchmark per unit of tracking error

—

Annualized std dev of fund-minus-benchmark returns

—

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

—

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

—

Computed vs the Nifty 500 TRI 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 (Index Funds)

Period	Fund	Category avg.	Diff
1M abs	-6.51%	-4.54%	-1.97%
3M abs	-9.21%	-2.97%	-6.24%
6M abs	—	+5.25%	—
1Y CAGR	—	-0.50%	—
3Y CAGR	—	+8.54%	—
5Y CAGR	—	+8.02%	—

Category average across peers in Index Funds (365 of 373 carry a figure for at least one period), 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

₹40.00K

Current value

₹37.92K

Absolute

-5.20%

XIRR

-34.98%

Value vs. invested

ValueInvested

4 monthly installments of ₹10,000 into Axis Nifty Capital Markets Index Fund, valued at the latest NAV. XIRR annualizes for each installment’s timing.

Recent changes

Expense-ratio, fund-manager, exit-load and minimum-investment changes we've picked up in the last 30 days.

Expense ratio down: 1.71% → 1.61%
02 Oct 2026

History points

Expense ratio

1.61%

AUM

₹36.10Cr

Exit load

a). If redeemed/ switched out within 15 days from the date of allotment: 0.25% b). If redeemed/ switched out after 15 days from the date of allotment: Nil

Portfolio, AUM & scheme details shown from another plan of this scheme (same underlying portfolio).

P/E ratio

37.7

P/B ratio

14.9

Avg market cap

₹66,201Cr

P/E & P/B are portfolio-weighted harmonic means across 14 of 17 equity holdings (74% of the portfolio); loss-making companies are excluded.

Taxation

Taxed as equity

This 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.

Short-term (STCG)

20%

Held under 1 year

Flat, on the whole gain

Long-term (LTCG)

12.5%

Held 1 year or more

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.

Peer comparison · Index Funds

Compare all


Axis Nifty Capital Markets Index FundThis fund Axis · Regular · Growth	—	—	—	—	—	1.61%	₹36.10Cr
ICICI Prudential NASDAQ 100 Index Fund ICICI Prudential · Regular · Growth	★★★★★	+32.29%	+33.12%	+20.04%	—	1.06%	₹3,348Cr
Motilal Oswal S&P 500 Index Fund Motilal Oswal · Regular · Growth	★★★★★	+23.73%	+27.06%	+18.06%	—	1.04%	—
ICICI Prudential Nifty Pharma Index Fund ICICI Prudential · Regular · Growth	★★★★★	+20.43%	+18.76%	—	—	1.18%	₹121.63Cr
UTI Nifty 500 Value 50 Index Fund UTI · Regular · Growth	★★★★☆	+3.67%	+18.19%	—	—	1.19%	₹729.68Cr
Edelweiss MSCI India Domestic & World Healthcare 45 Index Fund Edelweiss · Regular · Growth	★★★★★	+17.16%	+17.87%	+12.94%	—	1.10%	—

Market-cap allocation · AMFI bands, Jul 2026

Equity holdings by company size — 78% of the equity sleeve priced.

Large cap8.7%
Mid cap66.5%
Small cap24.8%

Asset allocation

As on 31 Aug 2026 · AMC disclosure

Equity100.01%
Cash & Equivalents0.01%

which companies this fund invests in

As on 31 Aug 2026 · AMC disclosure

Multi Commodity Exchange of India Limited

19.65%

BSE Limited

16.81%

HDFC Asset Management Company Limited

12.09%

360 One WAM Limited

6.90%

Central Depository Services (India) Limited

5.66%

Nippon Life India Asset Management Limited

4.76%

Anand Rathi Wealth Limited

4.46%

Computer Age Management Services Limited

4.26%

Angel One Limited

4.22%

Motilal Oswal Financial Services Limited

3.70%

Holds the same stocks as (by portfolio overlap, not by category)

Compare the top 3 →

Fund	Overlap	Rating	TER	3Y
Tata Nifty Capital Markets Index Fund Tata · Index Funds	100.0%	★★★★★	0.64%	—
Motilal Oswal Nifty Capital Market Index Fund Motilal Oswal · Index Funds	100.0%	★★★★★	0.65%	—
HSBC Financial Services fund HSBC · Sectoral/ Thematic	24.5%	★★★☆☆	0.98%	—
Edelweiss BSE Internet Economy Index Fund Edelweiss · Index Funds	22.6%	★★☆☆☆	0.56%	—
Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund Edelweiss · Index Funds	20.3%	★★☆☆☆	0.75%	—
Kotak Nifty Financial Services Ex-Bank Index Fund Kotak Mahindra · Index Funds	20.2%	★★★☆☆	0.32%	+12.21%
Invesco India Financial Services Fund Invesco · Sectoral/ Thematic	19.7%	★★★★☆	0.96%	+15.57%
DSP Nifty Smallcap250 Quality 50 Index Fund DSP · Index Funds	18.8%	★★☆☆☆	0.40%	—

Overlap is the share of each fund's equity book invested in the same stocks, by weight, across the Direct-plan universe — so a fund that is only part equity is labelled as such. ! marks a pair holding more in common than nine pairs in ten of its type, where that type has a measured distribution.

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.

-11.2%26 May 2026 → 01 Oct 2026
Still below that high — 4 months down, and no recovery yet.

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.

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

NMNandik MalikStart date not disclosed

Role

Function Head – Equity & Hybrid SIF and MF Equity – Passives

Funds managed (24)

All schemes Nandik Malik runs →

RGRohit GautamStart date not disclosed

Role

Assistant Fund Manager Equities

Education

B. Tech. (IIT Bombay) & PGDM (IIM Ahmedabad)

Experience

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

Funds managed (23)

All schemes Rohit Gautam runs →

Fund manager, benchmark and dealing terms from 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

Fund managers

Nandik Malik Rohit Gautam

Top holdings

Multi Commodity Exchange of India Limited BSE Limited HDFC Asset Management Company Limited 360 One WAM Limited Central Depository Services (India) Limited Nippon Life India Asset Management Limited Anand Rathi Wealth Limited Computer Age Management Services Limited Angel One Limited Motilal Oswal Financial Services Limited ICICI Prudential Asset Management Company Limited Billionbrains Garage Ventures Ltd

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.

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 Capital Markets Index Fund?

As of 01 Oct 2026, the NAV of Axis Nifty Capital Markets Index Fund is ₹8.99 per unit. NAV (net asset value) is the fund's per-unit price, published once each business day.

What returns has Axis Nifty Capital Markets Index Fund delivered?

Axis Nifty Capital Markets Index Fund has returned -10.82% 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 Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund charges an expense ratio of 1.61% 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 Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund's largest holdings are Multi Commodity Exchange of India Limited (19.6%), BSE Limited (16.8%), HDFC Asset Management Company Limited (12.1%), 360 One WAM Limited (6.9%) and Central Depository Services (India) Limited (5.7%). Holdings are disclosed monthly and change over time.

How risky is Axis Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund is rated very high on SEBI's risk-o-meter, its trailing-3Y volatility (annualised) is 18.1% and its worst peak-to-trough fall in our sample was -11.2%. Higher volatility means the NAV swings more; the drawdown shows how far it has fallen from a peak historically.

What is the benchmark of Axis Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund is benchmarked against the Nifty Capital Markets TRI. Its alpha and beta on this page are measured against that index.

Who manages Axis Nifty Capital Markets Index Fund?

Axis Nifty Capital Markets Index Fund is managed by Nandik Malik and Rohit Gautam at Axis.

How is Axis Nifty Capital Markets Index Fund taxed?

Axis Nifty Capital Markets 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.