MonitorDirect · Growth
Axis Nifty 500 Index Fund
Axis Mutual FundIndex Funds - Equity Funds2.2 years
The scheme seeks to provide returns before expenses that closely correspond to the total returns of the Nifty 500 TRI, subject to tracking errors.
- NAV
- 9.8863
- 15 Sept 2026
- 1Y
- -2.6%
- Trailing CAGR
- Upside capture
- +99%
- Vs NIFTY 500 TRI
- Downside capture
- +101%
- Lower is better
NAV
Path not in current snapshots
n/a
Returns
Trailing CAGR and simulated monthly SIP XIRR from daily NAV. Category comparison uses the median of comparable share classes in the peer set.
Trailing CAGR
Point-to-point, calendar-day annualized
- 1Y-2.6%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- SI-0.7%
SIP XIRR
Equal monthly instalments to latest NAV
- 1Y-4.3%
- 3Yn/a
- 5Yn/a
- 10Yn/a
- Since inception
- -0.7%
- Calendar-day CAGR
- Excess 1Y
- -3.1%
- Category median, same plan and option
- 3Y win rate
- n/a
- Windows beating the median
- 3Y percentile
- n/a
- Vs comparable share classes
- Worst rolling 3Y
- n/a
- 0 daily-ending windows
- Median rolling 3Y
- n/a
- Calendar-day CAGR
- Positive rolling 5Y
- n/a
- 0 daily-ending windows
- SIP 3Y XIRR
- n/a
- Simulated monthly SIP
Official benchmark
Date-aligned against NIFTY 500 TRI. Capture ratios use common month-end observations through 16 Sept 2026.
- 1Y excess
- -0.3%
- Fund minus TRI
- 3Y excess
- n/a
- Fund minus TRI
- Upside capture
- +99%
- Benchmark-up months
- Downside capture
- +101%
- Lower is better
Drawdown
Peak to trough from a running NAV high. Move across the path to read a date.
Drawdown
Path not in current snapshots
n/a
- Average recovery
- 6 days
- 6 recovered episodes
- Longest recovery
- 20 days
- Trough to prior peak
- Current spell
- 719 days
- Days below latest peak
- Time below peak
- +96%
- NAV observations
26 Sept 2024 – open
Trough 28 Feb 2025 · not recovered
-18.6%
31 Jul 2024 – 26 Aug 2024
Trough 6 Aug 2024 · recovered in 20 days
-4.6%
18 Jul 2024 – 26 Jul 2024
Trough 19 Jul 2024 · recovered in 7 days
-1.5%
3 Sept 2024 – 12 Sept 2024
Trough 6 Sept 2024 · recovered in 6 days
-1.3%
Dimensions
0–100 reads of named metrics. The mean is unweighted and only uses dimensions with data.
Returns
17
Vs category
31
Consistency
54
Risk-adjusted
7
Drawdown
54
Mean
32
Portfolio
31 Aug 2026 · 500 holdings · top 10 are 29.0%.
- Top 5
- 20.0%
- Top 10
- 29.0%
- Largest holding
- 5.4%
- Effective holdings
- 74.6
HDFC Bank Ltd
Financial
5.4%
ICICI Bank Ltd
Financial
5.2%
Reliance Industries Ltd
Energy & Utilities
4.3%
Bharti Airtel Ltd
Technology
2.8%
Larsen & Toubro Ltd
Industrials
2.4%
What changed
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
11 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
10 Sept 2026
PERFORMANCE
Recent rolling excess versus the category median has deteriorated.
8 Sept 2026
Decision
Quantitative read of the live evidence. An explanation can only restate what is already here.
As of 15 Sept 2026
Monitor
Engine status
Monitor
Recent evidence
Why this status
- Long-term category-relative performance remains stronger than the most recent rolling 1-year windows, which have deteriorated across multiple periods.
- Risk-adjusted return (Sharpe) is negative over the available daily history.
Supporting reads
No supporting reads in the current evidence set.
Worth investigating
Same-category peers with enough history to inspect beside this fund.
Aditya Birla Sun Life BSE 500 Quality 50 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- -0.6%
- 3Y
- n/a
- Vol
- 13.6%
- Max DD
- -11.4%
- Sharpe
- -0.02
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Aditya Birla Sun Life BSE 500 Momentum 50 Index Fund
Aditya Birla Sun Life Mutual Fund
- 1Y
- +2.4%
- 3Y
- n/a
- Vol
- 17.2%
- Max DD
- -15.4%
- Sharpe
- 0.08
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
Axis BSE Sensex Index Fund
Axis Mutual Fund
- 1Y
- -8.5%
- 3Y
- n/a
- Vol
- 13.4%
- Max DD
- -16.0%
- Sharpe
- -0.18
- 3Y win
- n/a
- Lower volatility
- Shallower drawdown
- Higher win rate vs category
Caveat: Lower trailing returns
Axis Nifty Bank Index Fund
Axis Mutual Fund
- 1Y
- +2.0%
- 3Y
- n/a
- Vol
- 16.5%
- Max DD
- -18.3%
- Sharpe
- 0.17
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility
Groww Nifty Next 50 Index Fund
Groww Mutual Fund
- 1Y
- +2.9%
- 3Y
- n/a
- Vol
- 16.6%
- Max DD
- -14.3%
- Sharpe
- 0.09
- 3Y win
- n/a
- Shallower drawdown
- Higher win rate vs category
- Higher trailing returns
Caveat: Higher volatility