The scheme seeks to provide returns before expenses that corresponds to the total returns of the Nifty Bank TRI subject to tracking errors.
Exit Load0.25%
Stamp duty on investment0.005% (from July 1st, 2020)
Tax implicationsIf you redeem within one year, your returns will be taxed at 20%. For redemptions after one year, returns exceeding ₹1.25 lakh in a financial year will be taxed at 12.5%.
Rohit Gautam
B.Tech. from IIT Bombay, PGDM from IIM Ahmedabad
Prior to joining the Axis MF, he was associated with IndiaFirst Life Insurance, Shriram AMC, Greater Pacific Capital.
Common questions about this fund, answered from scheme data
The latest Net Asset Value (NAV) of Axis Nifty Bank Index Fund is ₹11.67 as of 2026-08-28.
Axis Nifty Bank Index Fund is classified as a Sectoral-Banking & Financial Services fund.
The Assets Under Management (AUM) of Axis Nifty Bank Index Fund is ₹182.73 Cr.
The expense ratio of Axis Nifty Bank Index Fund is 1.14%.
Axis Nifty Bank Index Fund is managed by Rohit Gautam.
The minimum SIP investment for Axis Nifty Bank Index Fund is ₹100.
The exit load for Axis Nifty Bank Index Fund is 0.25%.
As per the SEBI Riskometer, Axis Nifty Bank Index Fund carries a Very High risk level.
Axis Nifty Bank Index Fund has delivered 6.35% (1Y), 0% (3Y) and 0% (5Y) annualised returns as of 2026-08-28.
Axis Nifty Bank Index Fund was launched on 2009-09-04.
Open an account with Indiabulls Securities, complete your KYC, and invest via SIP or a one-time lumpsum through our platform.
A Systematic Investment Plan (SIP) lets you invest a fixed amount at regular intervals (e.g., monthly) instead of a single lumpsum.
There is no separate brokerage on mutual fund units. The AMC charges an expense ratio, which is already reflected in the NAV. An exit load may apply if you redeem before the specified period.
Mutual fund NAVs are declared once per business day after market close, in line with SEBI norms.
The FAQs above are generated from data provided by the AMC and are for educational purposes only. They do not constitute financial advice, buy/sell recommendations, or return guarantees. Mutual fund investments are subject to market risks — read all scheme-related documents carefully before investing. Past performance is not indicative of future returns.
