The scheme seeks to provide returns before expenses that correspond to the performance of Nifty EV & New Age Automotive TRI
Exit Load--
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%.
Nandik Mallik
Mr. Mallik holds B.Tech degree and has also done PGDM (IIM Calcutta) and MS- Finance (London Business School).
Prior to joining the Axis MF, he was working with Avendus Capital Public Markets Alternate Strategies LLP, ICICI Prudential Asset Management Company Ltd, Edelweiss AMC, DC India Capital, Credit-Suisse (London), BNP Paribas (London), NM Rothschild (Mumbai) and Fair Isaac (Bangalore).
Common questions about this fund, answered from scheme data
Axis Nifty EV & New Age Automotive Index Fund is classified as a Sectoral-Auto & Transportation fund.
Axis Nifty EV & New Age Automotive Index Fund is managed by Axis Mutual Fund.
Axis Nifty EV & New Age Automotive Index Fund is managed by Nandik Mallik.
The minimum SIP investment for Axis Nifty EV & New Age Automotive Index Fund is ₹100.
As per the SEBI Riskometer, Axis Nifty EV & New Age Automotive Index Fund carries a Very High risk level.
Axis Nifty EV & New Age Automotive 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.
