What are the top holdings of Axis Nifty Bank Index Fund?

Axis Nifty Bank Index Fund holds 14 equity positions; the largest is HDFC Bank Limited, as on May 2026. Information only, not investment advice.

As of when is this Axis Nifty Bank Index Fund portfolio?

Portfolio as on May 2026, taken from Axis Mutual Fund's public monthly portfolio disclosure.

What is the NAV of Axis Nifty Bank Index Fund?

The latest NAV (Net Asset Value) of Axis Nifty Bank Index Fund is ₹11.99 per unit, as on May 2026, sourced from AMFI's public scheme data. NAV changes daily with market movements. Information only, not investment advice.

Who manages Axis Nifty Bank Index Fund?

Axis Nifty Bank Index Fund is managed by Nandik Malik; Rohit Gautam, as per AMFI's public disclosure. Fund manager details sourced from Kuvera/AMFI data. Information only, not investment advice.

What is the expense ratio of Axis Nifty Bank Index Fund?

Axis Nifty Bank Index Fund has a Total Expense Ratio (TER) of 0.18% p.a., as disclosed to AMFI. The TER is the annual cost of running the fund, deducted daily from the NAV. A lower TER means more of the fund's return flows to investors. Information only, not investment advice.

What is the 1-year NAV return of Axis Nifty Bank Index Fund?

Axis Nifty Bank Index Fund's NAV moved from ₹11.75 (Jul 2025) to ₹11.99 (Jul 2026), a change of 2.0% over approximately one year. NAV data sourced from AMFI. Past performance is not indicative of future returns. Information only, not investment advice.

What is the Sharpe ratio of Axis Nifty Bank Index Fund?

Based on roughly 12 months of NAV history, Axis Nifty Bank Index Fund has an annualized return of about 2.1% with 15.8% annualized volatility, giving a Sharpe ratio of -0.28 (assuming a 6.5% risk-free rate). A higher Sharpe ratio means more return per unit of risk taken. Past performance is not indicative of future returns.

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WhoHolds

Index FundVery High RiskAxis Mutual Fund

Axis Nifty Bank Index Fund

Portfolio as on May 2026 · 14 equity positions

Equity positions

Equity value

₹158 Cr

Top holding

—

HDFC Bank Limited

NAV per unit

₹11.99

May 2026

Expense ratio

0.18% p.a.

Fund manager

Nandik Malik; Rohit Gautam

Own another fund too? See how much they overlap →

Portfolio Structure & Asset Allocation Analysis

Axis Nifty Bank Index Fund is a Index Fund scheme managed by Axis MF Mutual Fund. As of disclosures dated May 2026, the scheme holds 14 equity positions with an estimated equity AUM of ₹₹158 Cr. The portfolio is anchored by its top conviction bet on HDFC Bank, which commands a weight of —of the fund's total assets.

Diversification Warning: High sector concentration can increase volatility. If you hold index heavyweights like HDFC Bank directly in your stock portfolio, adding this fund will compound your exposure to them. Ensure your holdings are balanced and check overlap with your existing schemes using our Mutual Fund Overlap Tool.

NAV history

₹11.99 per unit +2.0% vs Jul '25

Last 365 days · daily NAV from AMFI · Axis Nifty Bank Index Fund

Performance & risk

Annualized return

+2.1%

Volatility

15.8%

Sharpe ratio

-0.28

Based on ~12 months of weekly NAV history from AMFI. Volatility is the annualized standard deviation of NAV returns. Sharpe ratio assumes a 6.5% risk-free rate. Past performance does not guarantee future returns — not investment advice.

Top holdings

14 stocks

#
1	HDFC BankBanks₹28.40 Cr	—	₹28.40 Cr	3.81 L
2	ICICI BankBanks₹21.59 Cr	—	₹21.59 Cr	1.72 L
3	Axis BankBanks₹16.28 Cr	—	₹16.28 Cr	1.27 L
4	Kotak Mahindra BankBanks₹15.53 Cr	—	₹15.53 Cr	4.04 L
5	State Bank of IndiaBanks₹14.37 Cr	—	₹14.37 Cr	1.49 L
6	The Federal BankBanks₹10.11 Cr	—	₹10.11 Cr	3.50 L
7	IndusInd BankBanks₹8.56 Cr	—	₹8.56 Cr	93.6K
8	AU Small Finance BankBanks₹7.71 Cr	—	₹7.71 Cr	78.3K
9	Bank of BarodaBanks₹7.08 Cr	—	₹7.08 Cr	2.64 L
10	IDFC First BankBanks₹6.76 Cr	—	₹6.76 Cr	9.48 L
11	Canara BankBanks₹6.31 Cr	—	₹6.31 Cr	4.82 L
12	Yes BankBanks₹5.82 Cr	—	₹5.82 Cr	25.13 L
13	Punjab National BankBanks₹5.23 Cr	—	₹5.23 Cr	4.93 L
14	Union Bank of IndiaBanks₹4.64 Cr	—	₹4.64 Cr	2.76 L