Axis Nifty Next 50 Index Fund

Ans. The NAV (net asset value) of Axis Nifty Next 50 Index Fund (direct plan, growth option) is ₹18.0985 as on 9 Nov 2026. Mutual fund NAVs are published once a day, after the market closes.

Ans. Axis Nifty Next 50 Index Fund has delivered 17.38% CAGR over the past 3 years against a category average of 17.32% and returned 5.29% over the past year. It manages ₹541.10 crore (AUM) as on 9 Nov 2026. Its riskometer level is Very High. Past returns do not indicate future returns.

Ans. Mutual fund taxation depends on the scheme type and investment holding period.
Taxation on equity funds: For equity funds (funds that invest at least 65% of the corpus in Indian stocks), if the holding period is more than 12 months, LTCG (Long Term Capital Gains) tax is applicable. For units sold within 12 months of purchase, STCG (Short Term Capital Gains) Tax is applicable.
LTCG tax on equity-oriented schemes is 12.5% on capital gains over ₹1.25 lakh (as per the latest update in Budget 2024).
STCG tax applicable on the sale of units of equity-oriented mutual fund schemes is 20%.

Ans. There is no lock-in period on Axis Nifty Next 50 Index Fund. An exit load applies: Nil.

Ans. The expense ratio of Axis Nifty Next 50 Index Fund (direct plan) is 0.26% a year. It is deducted from the fund's assets and is already reflected in the NAV.