Wednesday, February 8, 2023
HomeMutual FundAxis Nifty 100 Index Fund Efficiency Report

Axis Nifty 100 Index Fund Efficiency Report

Axis Nifty 100 Index Fund is an open-ended index that goals to attain a return near Nifty 100 topic to monitoring error.  The Fund was launched in Oct 2019 and at present has an AUM of about 760 Crores.

When the fund launched, we reviewed the underlying index intimately and talked about that we would have liked a while to test its monitoring error to supply a advice.

We then wrote one other article in Dec 2019 – Axis Nifty 100 Index Fund Spectacular AUM however is it costly? Since then, index funds grew to become significantly fashionable, and the Nifty/Sensex funds we thought of cheaper than the Axis fund grew in AUM and have become dearer!

Earlier than we contemplate this, it is crucial for the reader to understand that Nifty 100 doesn’t imply 50 extra shares than Nifty 50. As a result of the weightage is set utilizing free-float market capitalization, the highest 10 shares of each indices comprise essentially the most weight. For instance, see: Do index fund returns rely on just some shares (Focus danger)?

Subsequently Nifty 100 solely presents marginally greater returns than Nifty 50 now and again (not at all times). Please check with our two earlier articles on Axis Nifty 100 fund linked above.

At present Axis Nifty 100 is the ninth hottest index fund by way of AUM.

Scheme TitleAUM(Cr)
UTI Nifty 50 Index Fund7068.0982
HDFC Index Fund-NIFTY 50 Plan5940.6023
HDFC Index Fund-S&P BSE Sensex3390.3857
ICICI Pru Nifty 50 Index Fund3065.5284
SBI Nifty Index Fund-Reg2416.9344
ICICI Pru Nifty Subsequent 50 Index Fund2042.7387
UTI Nifty Subsequent 50 Index Fund-Reg1627.0341
UTI Nifty200 Momentum 30 Index Fund1474.9560
Axis Nifty 100 Index Fund760.1773

At present Axis Nifty 100 Index fund is the least costly among the many prime 9.

Month FinishExpense Ratio(%)
Axis Nifty 100 Index Fund(G)-Direct Plan0.1500
ICICI Pru Nifty 50 Index Fund(G)-Direct Plan0.1800
SBI Nifty Index Fund(G)-Direct Plan0.1800
HDFC Index Fund-NIFTY 50 Plan(G)-Direct Plan0.2000
HDFC Index Fund-S&P BSE Sensex(G)-Direct Plan0.2000
UTI Nifty 50 Index Fund Direct Plan0.2100
ICICI Pru Nifty Subsequent 50 Index Fund(G)-Direct Plan0.3000
UTI Nifty Subsequent 50 Index Fund(G)-Direct Plan0.3300
UTI Nifty200 Momentum 30 Index Fund(G)-Direct Plan0.4200

Nonetheless, in Dec 2019, these three funds had been cheaper (than Axis N100).

  • ICICI Pru Nifty 50 Index Fund(G)-Direct Plan
  • HDFC Index Fund-S&P BSE Sensex(G)-Direct Plan
  • UTI Nifty 50 Index Fund Direct Plan

That is how AMCs function. They hold the TER low to entice subscriptions after which jack it up. The Axis fund has maintained its TER at 0.15% since inception (other than the primary few months when it was 0.16%). That is once more a ploy to ask AUM. Buyers shouldn’t be misled by this. If the Nifty 100 fund swells tomorrow, Axis too will be anticipated to jack up the TER.

Axis Nifty 100 Index Fund Efficiency

There are two methods by which an index fund will be evaluated: (1) how a lot its return differs from that of the whole returns index and (2) how low is the monitoring error. We publish each metrics for 40+ index funds every month. The next information is taken from the newest version: Index fund monitoring error screener July 2022.

Qty1 12 months return2 Years return
NIFTY 100 – TRI4.053224.4209
Axis Nifty 100 Index Fund(G)-Direct Plan3.883123.9278

That’s pretty first rate. The Axis fund has the fifth smallest distinction over the past 1Y (as of July tenth 2022) and the twelfth smallest distinction over the past 2Y (as of July tenth 2022), which isn’t too shabby.

Monitoring error:

  • Final 1Y: 0.053% – seventeenth out of 43 funds. The highest 14 comprise Nifty and Sensex funds, that are simpler to trace than the Nifty 100. The fifteenth and sixteenth funds are Nifty Subsequent 50 funds from UTI and SBI. The highest has a monitoring error of 0.0429% (check with our screener for extra particulars)
  • Final 2Y: 0.0729% – twenty first out of 41 funds. The topper has a monitoring error of 0.0486%

This isn’t spectacular but additionally not disastrous.

The Axis Nifty 100 Index Fund has been an above-average performer over the past 12 months and a median performer over the past 2Y. Not less than till its AUM swells up some extra, the fund home is prone to retain the identical TER.

Buyers who need a predominantly massive cap portfolio (like Nifty or Sensex) with a touch of mid caps (on this context as much as about 25% of Nifty Subsequent 50) in a single fund can contemplate the Axis Nifty 100 Index fund. For a proof, see: Mix Nifty; Nifty Subsequent 50 funds to create massive, mid cap index portfolios.

Do share this text with your mates utilizing the buttons beneath.

Use our Robo-advisory Excel Device for a start-to-finish monetary plan! Greater than 1000 buyers and advisors use this!

  • Do you have got a remark concerning the above article? Attain out to us on Twitter: @freefincal or @pattufreefincal
  • Be part of our YouTube Group and discover greater than 1000 movies!
  • Have a query? Subscribe to our publication with this way.
  • Hit ‘reply’ to any e-mail from us! We don’t provide personalised funding recommendation. When you have a generic query we will write an in depth article with out mentioning your title.

Discover the positioning! Search amongst our 2000+ articles for data and perception!

About The Creator

Pattabiraman editor freefincalDr M. Pattabiraman(PhD) is the founder, managing editor and first writer of freefincal. He’s an affiliate professor on the Indian Institute of Expertise, Madras. He has over 9 years of expertise publishing information evaluation, analysis and monetary product improvement. Join with him by way of Twitter or Linkedin or YouTube. Pattabiraman has co-authored three print books: (1) You will be wealthy too with goal-based investing (CNBC TV18) for DIY buyers. (2) Gamechanger for younger earners. (3) Chinchu Will get a Superpower! for teenagers. He has additionally written seven different free e-books on varied cash administration matters. He’s a patron and co-founder of “Price-only India,” an organisation for selling unbiased, commission-free funding recommendation.

  Our flagship course! Study to handle your portfolio like a professional to attain your objectives no matter market situations! Greater than 2800 buyers and advisors are a part of our unique neighborhood! Get readability on how you can plan to your objectives and obtain the required corpus it doesn’t matter what the market situation is!! Watch the primary lecture free of charge!  One-time cost! No recurring charges! Life-long entry to movies! Cut back worry, uncertainty and doubt whereas investing! Discover ways to plan to your objectives earlier than and after retirement with confidence.

Our new course!  Improve your revenue by getting individuals to pay to your expertise! Greater than 675 salaried staff, entrepreneurs and monetary advisors are a part of our unique neighborhood! Discover ways to get individuals to pay to your expertise! Whether or not you’re a skilled or small enterprise proprietor who desires extra shoppers by way of on-line visibility or a salaried particular person wanting a aspect revenue or passive revenue, we are going to present you how you can obtain this by showcasing your expertise and constructing a neighborhood that trusts you and pays you! (watch 1st lecture free of charge). One-time cost! No recurring charges! Life-long entry to movies!   

Our new e book for teenagers: “Chinchu will get a superpower!” is now accessible!

Both boy and girl version covers of Chinchu gets a superpower
Each boy and woman model covers of Chinchu will get a superpower.

Most investor issues will be traced to a scarcity of knowledgeable decision-making. We have all made unhealthy selections and cash errors once we began incomes and spent years undoing these errors. Why ought to our youngsters undergo the identical ache? What is that this e book about? As mother and father, if we needed to groom one capacity in our youngsters that’s key not solely to cash administration and investing however to any facet of life, what would it not be? My reply: Sound Determination Making. So on this e book, we meet Chinchu, who’s about to show 10. What he desires for his birthday and the way his mother and father plan for it and train him a number of key concepts of determination making and cash administration is the narrative. What readers say!

Feedback from a young reader after reading Chinchu gets a Superpower (small version)
Suggestions from a younger reader after studying Chinchu will get a Superpower!

Should-read e book even for adults! That is one thing that each mum or dad ought to train their children proper from their younger age. The significance of cash administration and determination making based mostly on their desires and desires. Very properly written in easy phrases. – Arun.

Purchase the e book: Chinchu will get a superpower to your baby!

revenue from content material writing: Our new book for these serious about getting aspect revenue by way of content material writing. It’s accessible at a 50% low cost for Rs. 500 solely!

  Wish to test if the market is overvalued or undervalued? Use our market valuation device (will work with any index!), otherwise you purchase the brand new Tactical Purchase/Promote timing device!

We publish mutual fund screeners and momentum, low volatility inventory screeners each month.

About freefincal & its content material coverage Freefincal is a Information Media Group devoted to offering unique evaluation, experiences, evaluations and insights on developments in mutual funds, shares, investing, retirement and private finance. We achieve this with out battle of curiosity and bias. Comply with us on Google Information. Freefincal serves greater than three million readers a 12 months (5 million web page views) with articles based mostly solely on factual data and detailed evaluation by its authors. All statements made shall be verified from credible and educated sources earlier than publication. Freefincal doesn’t publish any paid articles, promotions, PR, satire or opinions with out information. All opinions introduced will solely be inferences backed by verifiable, reproducible proof/information. Contact data: letters {at} freefincal {dot} com (sponsored posts or paid collaborations won’t be entertained)

Join with us on social media

Our publications

You Can Be Wealthy Too with Aim-Primarily based Investing

You can be rich too with goal based investingRevealed by CNBC TV18, this e book is supposed that can assist you ask the appropriate questions, and search the proper solutions, and because it comes with 9 on-line calculators, you can too create customized options to your life-style! Get it now.

Gamechanger: Neglect Startups, Be part of Company & Nonetheless Dwell the Wealthy Life You Need Gamechanger: Forget Start-ups, Join Corporate and Still Live the Rich Life you wantThis e book is supposed for younger earners to get their fundamentals proper from day one! It should additionally assist you journey to unique locations at a low value! Get it or reward it to a younger earner.

Your Final Information to Journey

Travel-Training-Kit-Cover-new That is an in-depth dive evaluation into trip planning, discovering low cost flights, finances lodging, what to do when travelling, and the way travelling slowly is healthier financially and psychologically with hyperlinks to the online pages and hand-holding at each step. Get the pdf for Rs 199 (prompt obtain)



Most Popular

Recent Comments