Axis Nifty Bank Etf Overview
Category Other ETFs
BMSMONEY Rank 64
BMSMONEY Rating
Gro. Opt. As On: 20-12-2024
NAV ₹518.59(R) -1.58% (D) %
Returns 1Y 3Y 5Y 7Y 10Y
LumpSum (R) 7.7% 14.51% -% -% -%
LumpSum (D)
SIP (R) -39.91% 7.21% -% -% -%
SIP (D)
Ratio Sharpe Ratio Sortino Ratio Sterling Ratio Jensen's Alpha Treynor Ratio
0.42 0.24 0.62 -% -
Risk STD. Dev VaR 1Y95% Max DD Beta Semi Devi.
14.81% -17.08% -11.54% - 9.57%
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NAV Date: 20-12-2024

Scheme Name NAV Rupee Change Percent Change
Axis NIFTY Bank ETF 518.59
-8.3400
-1.5800%

Review Date: 20-12-2024

A review of the different performance parameters of the fund is as follows:
  1. Returns: It signifies the growth in the investment's value over a specific period, presented either as a percentage or a monetary figure. Our analysis focused on five return parameters of this fund. The return parameters have been categorized into three performance groups: the top 25%, those below the top 25% but above average, and those below average. Now, let's take a look at how each parameter has performed.
    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%: One return parameter of the Axis NIFTY Bank ETF is above average but below the top 25% in the category, as shown below:
      • 3Y Return %
    3. Below Average: Four return parameters of the fund are below average in the category, which are listed below:
      • 1Y Return %
      • 1M Return %
      • 6M Return %
      • 3M Return %
  2. Risk: It refers to the chance of suffering a financial loss or not reaching the expected profits due to a variety of circumstances. Two risk parameters of the fund are divided 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 14.81 %.
      • 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 9.57 %.
  3. Risk Adjusted Performance Parameters: Risk-adjusted performance parameters in mutual funds are parameters that assess the return on investments based on the risks involved. These parameters provide a platform for investors to compare various investments, by considering both profits and the risks involved. For Axis NIFTY Bank ETF, we have evaluated three risk-adjusted performance parameters.
    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: Axis NIFTY Bank ETF has one risk-adjusted performance parameter of the fund that is in the this group of the category.
      • Sortino Ratio: Axis NIFTY Bank ETF has a Sortino Ratio of 0.24 compared to the category average of 0.21.
    3. Below Average Risk Adjusted Performance Parameters: Axis NIFTY Bank ETF has two 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 0.42 compared to the category average of 0.45.
      • Sterling Ratio: Axis NIFTY Bank ETF has a Sterling Ratio of 0.62 compared to the category average of 0.68.


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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
1M Return % 0.77
1.46
-5.44 | 8.69 132 | 185 Average
3M Return % -5.68
-5.44
-15.38 | 22.24 78 | 181 Good
6M Return % -1.73
1.83
-12.05 | 26.10 130 | 181 Average
1Y Return % 7.70
10.54
-89.90 | 56.82 142 | 166 Poor
3Y Return % 14.51
7.11
-49.56 | 44.12 38 | 102 Good
1Y SIP Return % -39.91
-34.86
-40.30 | -11.04 96 | 117 Poor
3Y SIP Return % 7.21
11.80
-14.52 | 35.46 48 | 68 Average
Standard Deviation 14.81
13.63
0.00 | 28.07 47 | 82 Average
Semi Deviation 9.57
9.40
0.00 | 18.70 40 | 82 Good
Max Drawdown % -11.54
-11.90
-35.55 | 0.00 47 | 82 Average
VaR 1 Y % -17.08
-15.87
-34.01 | 0.00 48 | 82 Average
Average Drawdown % -4.30
-5.73
-16.35 | 0.00 26 | 82 Good
Sharpe Ratio 0.42
0.45
-0.79 | 1.91 56 | 79 Average
Sterling Ratio 0.62
0.68
0.00 | 2.26 54 | 82 Average
Sortino Ratio 0.24
0.21
-1.00 | 1.24 54 | 82 Average
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

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KPIs* Fund Benchmark Cat. Avg Min | Max Rank (In Cat.) Performance
Standard Deviation 14.81 13.63 0.00 | 28.07 47 | 82
Semi Deviation 9.57 9.40 0.00 | 18.70 40 | 82
Max Drawdown % -11.54 -11.90 -35.55 | 0.00 47 | 82
VaR 1 Y % -17.08 -15.87 -34.01 | 0.00 48 | 82
Average Drawdown % -4.30 -5.73 -16.35 | 0.00 26 | 82
Sharpe Ratio 0.42 0.45 -0.79 | 1.91 56 | 79
Sterling Ratio 0.62 0.68 0.00 | 2.26 54 | 82
Sortino Ratio 0.24 0.21 -1.00 | 1.24 54 | 82
Return data last Updated On : Dec. 20, 2024.
Other parameters, fund ranking, non return related analysis are updated after every month end. Last Updated On : Nov. 29, 2024
KPIs: Key Performance Indicators

Investment Period Regular Direct
Return % Current Value of ₹ 10000 Return % Current Value of ₹ 10000
1D -1.58 ₹ 9,842.00 ₹
1W -5.27 ₹ 9,473.00 ₹
1M 0.77 ₹ 10,077.00 ₹
3M -5.68 ₹ 9,432.00 ₹
6M -1.73 ₹ 9,827.00 ₹
1Y 7.70 ₹ 10,770.00 ₹
3Y 14.51 ₹ 15,017.00 ₹
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 -39.91 ₹ 9,207.04 ₹
3Y ₹ 36000 7.21 ₹ 40,157.71 ₹
5Y ₹ 60000 ₹ ₹
7Y ₹ 84000 ₹ ₹
10Y ₹ 120000 ₹ ₹
15Y ₹ 180000 ₹ ₹


Date Axis Nifty Bank Etf NAV Regular Growth Axis Nifty Bank Etf NAV Direct Growth
20-12-2024 518.5921 None
19-12-2024 526.931 None
18-12-2024 532.6953 None
17-12-2024 539.8029 None
16-12-2024 547.4317 None
13-12-2024 547.4648 None
12-12-2024 543.7151 None
11-12-2024 545.5023 None
10-12-2024 547.4075 None
09-12-2024 545.6759 None
06-12-2024 546.6664 None
05-12-2024 547.6016 None
04-12-2024 544.1645 None
03-12-2024 538.3344 None
02-12-2024 532.3442 None
29-11-2024 531.8076 None
28-11-2024 530.2896 None
27-11-2024 534.3283 None
26-11-2024 533.2024 None
25-11-2024 533.37 None
22-11-2024 522.426 None
21-11-2024 514.6409 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.