Axis Nifty Bank Etf Overview
Category Other ETFs
BMSMONEY Rank 68
BMSMONEY Rating
Gro. Opt. As On: 19-11-2024
NAV ₹517.23(R) +0.52% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 16.9% 10.74% -% -% -%
LumpSum (D)
SIP (R) -7.48% 11.29% -% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.17 0.11 0.38 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
16.12% -19.09% -15.57% - 10.94%
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NAV Date: 19-11-2024

Scheme Name NAV Rupee Change Percent Change
Axis NIFTY Bank ETF 517.23
2.6800
0.5200%

Review Date: 19-11-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It denotes the rise in the investment's worth during the investment period, expressed as a percentage or a monetary value. As part of our analysis, we evaluated five return parameters of this fund. We have classified the return parameters into three performance groups: the top 25%, parameters that fall below the top 25% but remain above average, and parameters that are below average. The performance of each parameter is outlined below.
    1. Top 25%: The fund does not have any return parameter in the top 25% in the category.
    2. Above Average Below the Top 25%: Five return parameters of the Axis NIFTY Bank ETF are above average but below the top 25% in the category, as shown below:
      • 1M Return %
      • 3M Return %
      • 6M Return %
      • 1Y Return %
      • 3Y Return %
    3. Below Average: Axis NIFTY Bank ETF has no return parameters that are below average in the category.
  2. Risk: It is defined as the prospect of not attaining expected yields or enduring financial setbacks due to numerous causes. For Axis NIFTY Bank ETF, we have analyzed two risk parameters and divided them into three groups the lowest 25%, below average but above the lowest 25%, and above average, which are described below.
    1. Lowest 25%: Axis NIFTY Bank ETF does not have any risk parameters in the lowest 25% of the category. It means high risk compared to other funds in the category.
    2. Below Average but Above the Lowest 25%: Axis NIFTY Bank ETF does not have any risk parameters in the below average but above the lowest 25% of the category.
    3. Above Average: Axis NIFTY Bank ETF has two parameters that are above average which are listed below:
      • Standard Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the standard deviation, the greater the risk. The standard deviation of the fund is 16.12 %.
      • Semi-Deviation: It is a measure of the dispersion of a set of data from its mean. It is calculated as the square root of variance by determining the variation between each data point relative to the mean. The higher the semi-deviation, the greater the risk. The semi-deviation of the fund is 10.94 %.
  3. Risk Adjusted Performance Parameters: In mutual funds, risk-adjusted performance parameters are evaluation tools that gauge the returns of an investment against the risk taken. They assist investors in comparing various investments, factoring in both risk and returns. We have evaluated three risk-adjusted performance parameters of the fund.
    1. Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the top 25% of the category.
    2. Above Average Below Top 25% Risk Adjusted Performance Parameters: The fund does not have any risk-adjusted performance parameters that are in the above average but below top 25% of the category.
    3. Below Average Risk Adjusted Performance Parameters: Axis NIFTY Bank ETF has three risk-adjusted performance parameters of the fund that are below average in the category.
      • Sharpe Ratio: Axis NIFTY Bank ETF has a Sharpe Ratio of 0.17 compared to the category average of 0.36.
      • Sterling Ratio: Axis NIFTY Bank ETF has a Sterling Ratio of 0.38 compared to the category average of 0.59.
      • Sortino Ratio: Axis NIFTY Bank ETF has a Sortino Ratio of 0.11 compared to the category average of 0.17.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % -2.58
-4.13
-9.06 | 5.67 50 | 186 Good
3M Return % 0.46
-2.35
-14.26 | 25.71 56 | 186 Good
6M Return % 5.76
4.92
-10.18 | 26.60 52 | 178 Good
1Y Return % 16.90
15.71
-89.10 | 54.69 128 | 166 Poor
3Y Return % 10.74
2.36
-50.39 | 43.66 52 | 100 Average
1Y SIP Return % -7.48
-6.01
-39.83 | 26.22 81 | 154 Average
3Y SIP Return % 11.29
15.24
-11.92 | 46.84 67 | 90 Average
Standard Deviation 16.12
13.85
0.00 | 28.97 50 | 80 Average
Semi Deviation 10.94
9.61
0.00 | 18.80 50 | 80 Average
Max Drawdown % -15.57
-12.90
-38.86 | 0.00 59 | 80 Average
VaR 1 Y % -19.09
-16.92
-34.01 | 0.00 57 | 80 Average
Average Drawdown % -5.04
-5.78
-19.01 | 0.00 31 | 80 Good
Sharpe Ratio 0.17
0.36
-0.74 | 1.89 57 | 77 Average
Sterling Ratio 0.38
0.59
-0.01 | 2.15 65 | 80 Poor
Sortino Ratio 0.11
0.17
-1.00 | 1.16 57 | 80 Average
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
Standard Deviation 16.12 13.85 0.00 | 28.97 50 | 80
Semi Deviation 10.94 9.61 0.00 | 18.80 50 | 80
Max Drawdown % -15.57 -12.90 -38.86 | 0.00 59 | 80
VaR 1 Y % -19.09 -16.92 -34.01 | 0.00 57 | 80
Average Drawdown % -5.04 -5.78 -19.01 | 0.00 31 | 80
Sharpe Ratio 0.17 0.36 -0.74 | 1.89 57 | 77
Sterling Ratio 0.38 0.59 -0.01 | 2.15 65 | 80
Sortino Ratio 0.11 0.17 -1.00 | 1.16 57 | 80
Return data last Updated On : Nov. 19, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Oct. 31, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D 0.52 ₹ 10,052.00 ₹
1W -1.04 ₹ 9,896.00 ₹
1M -2.58 ₹ 9,742.00 ₹
3M 0.46 ₹ 10,046.00 ₹
6M 5.76 ₹ 10,576.00 ₹
1Y 16.90 ₹ 11,690.00 ₹
3Y 10.74 ₹ 13,581.00 ₹
5Y ₹ ₹
7Y ₹ ₹
10Y ₹ ₹
15Y ₹ ₹

Disclaimer: Past performance may or may not be sustained in future and should not be used as a basis for comparison with other investments. Returns for periods above 1 year are annualised.

Investment Period Invested Amount Regular Direct
XIRR % Current Value of Invested Amount XIRR % Current Value of Invested Amount
1Y ₹ 12000 -7.48 ₹ 11,506.27 ₹
3Y ₹ 36000 11.29 ₹ 42,645.92 ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Axis Nifty Bank Etf NAV Regular Growth Axis Nifty Bank Etf NAV Direct Growth
19-11-2024 517.2337 None
18-11-2024 514.5514 None
14-11-2024 512.6846 None
13-11-2024 511.7555 None
12-11-2024 522.6789 None
11-11-2024 530.0262 None
08-11-2024 526.812 None
07-11-2024 530.4432 None
06-11-2024 534.541 None
05-11-2024 533.4199 None
04-11-2024 523.2876 None
31-10-2024 525.9567 None
30-10-2024 529.3446 None
29-10-2024 534.5933 None
28-10-2024 523.7533 None
25-10-2024 518.9479 None
24-10-2024 526.5384 None
23-10-2024 523.5629 None
22-10-2024 523.7428 None
21-10-2024 530.9428 None

Fund Launch Date: 09/Nov/2020
Fund Category: Other ETFs
Investment Objective: The investment objective of the Scheme is to provide returns before expenses that closely correspond to the total returns of the NIFTY Bank Index subject to tracking errors.
Fund Description: An Open Ended scheme replicating / tracking NIFTY Bank Index Continuous offer for Units at NAV based prices
Fund Benchmark: Nifty Bank Total Returns Index Index
Source: Fund FactSheet

Disclaimer: NO INVESTMENT ADVICE. The Content is for informational purposes only.