Axis Nifty500 Value 50 Index Review 2026: NAV, Returns, Portfolio & Should You Invest?
- September 15, 2026
- Posted by: Chaitanya Auti
- Category: Mutual Funds
Axis Nifty500 Value 50 Index Fund Direct Growth Plan had a NAV of ₹11.2991 as of 11 Sep 2026 and an AUM of ₹235 Cr. Its 1-year, 3-year and 5-year returns are 12.85%, 0% and 0% respectively, and it sits in the High Risk category. Our view is that this is still a fairly young index fund with a short live record, so the recent one-year number matters more than any long-horizon reading today.
The current return profile looks better than the benchmark over the same recent periods, but the fund has only been live since 24 Oct 2024, so the longer-horizon figures do not yet provide a meaningful track record. The portfolio is built around value-oriented large holdings across cyclicals, metals, banking and energy-linked names, which can make outcomes more sensitive to equity-market swings.
Quick facts
| Particular | Details |
|---|---|
| NAV | ₹11.2991 as of 11 Sep 2026 |
| AUM | ₹235 Cr |
| Expense Ratio | 0.17% |
| Launch Date | 24 Oct 2024 |
| Min SIP | ₹100 |
| Risk Category | High Risk |
| Benchmark | Nifty 50 |
| Fund Category | Index Funds |
| Exit Load | 0.25% on or before 15D, Nil after 15D |
| Fund Managers | Nandik Mallik, Rohit Gautam |
The fund is managed by Nandik Mallik and Rohit Gautam.
Source data date: as of 11 Sep 2026
Performance
| Period | Fund return | Benchmark return |
|---|---|---|
| 1M | -1.9% | -3.66% |
| 3M | -4.01% | -1.91% |
| 1Y | 12.85% | -7.62% |
| 3Y | Data not available | Data not available |
| 5Y | Data not available | Data not available |
The one-year figure is the strongest part of the fund’s profile. At 12.85%, it moved well ahead of the benchmark’s -7.62% over the same period, which suggests the strategy has recently held up far better than the broad index it is measured against.
The shorter windows are less uniform. The fund’s 1-month fall was smaller than the benchmark’s decline, but the 3-month number was weaker than the benchmark. That mix tells us recent momentum has not been smooth, even though the one-year outcome remains clearly stronger.
Because the scheme launched only in October 2024, the 3-year and 5-year rows do not yet represent a mature history. For now, our view is that investors should read the recent numbers as a snapshot of a short-lived track record rather than a full market-cycle test.
Source data date: as of 11 Sep 2026
Should you BUY or HOLD Axis Nifty500 Value 50 Index?
A fund’s past returns alone don’t tell you whether you should buy it today or continue holding it.
The right decision depends on factors such as your current allocation, purchase price, risk profile, investment horizon and the role this fund plays in your overall portfolio.
Already holding Axis Nifty500 Value 50 Index? Thinking of investing now?
Peer comparison
| Fund | 1Y return | 3Y return | 5Y return |
|---|---|---|---|
| Axis Nifty500 Value 50 Index Fund Direct Growth Plan | 12.85% | Data not available | Data not available |
| ICICI Pru NASDAQ 100 Index Fund Direct Growth Plan | 32.61% | 29.92% | Data not available |
| Motilal Oswal Nifty India Defence Index Fund Direct Growth Plan | 26.23% | Data not available | Data not available |
| Aditya Birla SL Nifty India Defence Index Fund Direct Growth Plan | 26.22% | Data not available | Data not available |
| Motilal Oswal Nifty Capital Market Index Fund Direct Growth Plan | 26.18% | Data not available | Data not available |
| Tata Nifty Capital Markets Index Fund Direct Growth Plan | 25.91% | Data not available | Data not available |
This assessment is prepared by Uniapps Investment Adviser Pvt. Ltd. under SEBI Registered Investment Adviser registration INA000017639.
On 1-year performance, the fund trails the strongest peer returns available in this set, even though it still stands well above its benchmark over the same horizon. On the 3-year and 5-year columns, the lack of a meaningful history for this fund means we cannot make a like-for-like long-term comparison, while one peer does show a much stronger 3-year outcome. The short-term peer picture and the benchmark comparison therefore tell different stories: the fund has recently beaten its benchmark, but its absolute 1-year return is still lower than several comparable peers.
Source data date: as of 11 Sep 2026
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Portfolio: where your money goes
| Holding | Sector | Weight |
|---|---|---|
| Grasim Industries Limited | Diversified | 5.50% |
| Hindalco Industries Limited | Non – Ferrous Metals | 5.31% |
| State Bank of India | Bank | 5.23% |
| Vedanta Limited | Non – Ferrous Metals | 5.03% |
| Oil & Natural Gas Corporation Limited | Crude Oil | 4.93% |
| NTPC Limited | Power | 4.68% |
| Coal India Limited | Mining | 4.64% |
| Power Grid Corporation of India Limited | Power | 4.63% |
| Tata Motors Passenger Vehicles Limited | Automobile & Ancillaries | 4.51% |
| Bharat Petroleum Corporation Limited | Crude Oil | 4.32% |
The largest holding is Grasim Industries Limited at 5.50%, and the tenth holding still sits at 4.32%. That is a relatively narrow spread across the visible top holdings, which tells us the portfolio is not relying on one outsized position to drive results.
The top ten holdings together account for approximately 48.78% of the portfolio. With 44 holdings disclosed in total, the rest of the portfolio is spread across a longer tail, so individual names may matter, but the exposure is not confined to just a handful of stocks.
The holding mix is tilted toward industrials, metals, banking, energy and utilities. In our view, that kind of value-oriented tilt may make returns more sensitive to cyclical moves in the broader equity market, even though the weights themselves are fairly even among the largest positions.
To see all holdings, visit the Axis Nifty500 Value 50 Index Fund Direct Growth Plan page
Source data date: as of 11 Sep 2026
Who should invest
This fund suits investors who can handle High Risk equity exposure and are comfortable with a value-oriented index strategy that may move unevenly over short periods. The recent one-year return is encouraging, but the shorter 3-month trend was weaker, so the path can be choppy.
It is more suitable for a medium- to long-term horizon than for money that may be needed soon. Investors who want benchmark-linked equity exposure with a portfolio tilted toward cyclical and capital-intensive sectors may find the profile familiar, but they need to accept that short-term swings may be sharper than the one-year number alone suggests.
Tax and exit load
| Holding period | Tax rate | Description |
|---|---|---|
| Units held less than 1 year | 20% | Short-term capital gains tax |
| Units held more than 1 year | 12.5% | Long-term capital gains tax |
Exit load
0.25% on or before 15D, Nil after 15D.
No exit load after the holding period.
Source data date: as of 11 Sep 2026
Frequently asked questions
What is the current NAV of Axis Nifty500 Value 50 Index Fund Direct Growth Plan?
The NAV is ₹11.2991 as of 11 Sep 2026.
What are the fund’s 1-year, 3-year and 5-year returns?
Its 1-year return is 12.85%. The 3-year and 5-year figures are not available because the scheme has a short operating history.
How has it performed against the benchmark?
Over 1 year, the fund returned 12.85% while the benchmark returned -7.62%. Over 1 month and 3 months, the pattern was mixed, with the fund ahead on 1 month and behind on 3 months.
How does it compare with peer funds on available return data?
Its 1-year return is below several peer figures in the comparison set, while the 3-year and 5-year rows cannot be matched on a like-for-like basis because this fund does not yet have those longer figures available.
What is the minimum SIP amount?
The minimum SIP amount is ₹100.
Who manages the fund and what is the exit load?
The fund is managed by Nandik Mallik and Rohit Gautam. The exit load is 0.25% on or before 15D and nil after 15D.
Bottom line
This fund’s recent 1-year performance is clearly better than its benchmark, but the shorter 3-month move was weaker, so the story is still uneven. Compared with the peer set on available 1-year data, it sits below several names, while its longer-horizon figures are not yet meaningful because the scheme is still young. The portfolio is fairly spread across 44 holdings, with the largest positions only modestly larger than the tenth, which points to a balanced top-holding structure within a High Risk equity strategy.
Published on 15 September 2026 at 3:18 PM IST
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RIA disclosure
Mutual fund investments are subject to market risks. Read all scheme-related documents carefully before investing. This review is prepared by Uniapps Investment Adviser Pvt. Ltd. (earlier known as Uniapps Global Research Pvt. Ltd.) under SEBI Registered Investment Adviser registration INA000017639 for general informational purposes and is not personalized investment advice.