Axis Nifty EV & New Age Automotive Index Fund

Axis Nifty EV & New Age Automotive Index Fund is a Growth Others mutual fund managed by Axis Mutual Fund.

The current NAV of Axis Nifty EV & New Age Automotive Index Fund is ₹10.00 as of Oct 16.

You can invest in Axis Nifty EV & New Age Automotive Index Fund directly on PhonePe Invest by searching for the fund, selecting your preferred mode (SIP or Lumpsum), and completing your KYC-verified investment in a few steps.

The minimum SIP amount for Axis Nifty EV & New Age Automotive Index Fund is ₹100.

Axis Nifty EV & New Age Automotive Index Fund has an exit load as follows: exit load of 0.25%, if redeemed within 15 days.

For Axis Nifty EV & New Age Automotive Index Fund, if it is an Equity Fund of Funds (having ≥65% of domestic equity funds as underlying), capital gains are taxed similarly to equity funds: STCG of 20% (plus applicable surcharge and 4% health & education cess) if redeemed within 12 months and LTCG of 12.5% if redeemed after 12 months. For Non-Equity Fund of Funds (having <65% of domestic equity funds as underlying, including international, gold, and multi-asset FoFs), gains are taxed based on a 24-month holding period: if redeemed within 24 months or less, profits are added to your total income and taxed as per your individual income tax slab rate; if held for more than 24 months, profits are taxed at a flat rate of 12.5% without indexation benefits. The information set out above is included for general information purposes only and does not constitute legal, financial or tax advice. Tax laws are complex and subject to frequent amendments by the Government of India. In view of the individual nature of the tax consequences, each investor is advised to consult his or her own tax consultant with respect to specific tax implications arising out of their participation in the mutual fund scheme.

Axis Nifty EV & New Age Automotive Index Fund is managed by Mr. Nandik Malik.