Axis Nifty India Defence Index Fund
Axis Nifty India Defence Index Fund is an open-ended index fund designed to track the performance of the Nifty India Defence TRI. This scheme provides investors a passive route to participate in the growth of India’s aerospace and defence sector companies, updated with market data as of March 2026.
| NFO Starts | April 10, 2026 |
| NFO Ends | April 24, 2026 |
| Category | Index Fund |
| Minimum Investment | Rs. 100/- |
Investment Strategy
The fund employs a passive investment strategy, replicating the Nifty India Defence TRI. By investing in stocks in the same proportion as the index, the fund aims to provide returns that closely correspond to the benchmark, subject to tracking error. This ensures a focused exposure to the domestic defence manufacturing ecosystem.
Portfolio & Benchmark Analysis
Source: Nifty Indices – Benchmark components as of March 31, 2026
Top 10 Holdings (Nifty India Defence TRI)
| Company Name | Weight (%) |
|---|---|
| Hindustan Aeronautics Ltd | 20.8% |
| Bharat Electronics Ltd | 18.5% |
| Mazagon Dock Shipbuilders Ltd | 12.1% |
| Cochin Shipyard Ltd | 10.2% |
| Bharat Dynamics Ltd | 8.3% |
| Data Patterns (India) Ltd | 6.5% |
| Garden Reach Shipbuilders | 5.3% |
| Astra Microwave Products Ltd | 4.6% |
| BEML Ltd | 4.3% |
| Ideaforge Technology Ltd | 3.0% |
Updated Historical Return Analysis (As on March 31, 2026)
| Period | Nifty India Defence TRI (CAGR) | Nifty 50 TRI (CAGR) |
|---|---|---|
| 1 Year | 88.4% | 23.2% |
| 3 Year | 61.2% | 17.5% |
| 5 Year | 44.8% | 16.1% |
| 10 Year | 29.7% | 14.2% |
*Updated performance data as of March 31, 2026. Past performance is not indicative of future results.
Is This Fund Right For You?
Who Should Invest
- Investors with high risk appetite.
- Seeking tactical exposure to India’s Defence sector.
- Long-term investment horizon (5+ years).
Who Should Avoid
- Conservative or low-risk investors.
- Investors looking for immediate liquidity.
- Investors seeking a diversified broad-market portfolio.
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Investor Frequently Asked Questions
What is Axis Nifty India Defence Index Fund?
Axis Nifty India Defence Index Fund is a specialized mutual fund scheme that passively tracks the Nifty India Defence Total Returns Index, providing exposure to key defence companies in India.
When does the Axis Nifty India Defence Index Fund NFO close?
The NFO period for Axis Nifty India Defence Index Fund closes on April 24, 2026.
What is the minimum amount required for Axis Nifty India Defence Index Fund?
You can start investing in Axis Nifty India Defence Index Fund with as little as Rs. 100.
Does Axis Nifty India Defence Index Fund have a high risk?
Yes, being a sectoral index fund, Axis Nifty India Defence Index Fund carries higher risk compared to diversified funds as it is concentrated in the defence sector.
How can I track the Axis Nifty India Defence Index Fund performance?
The performance of Axis Nifty India Defence Index Fund can be tracked against its benchmark, the Nifty India Defence TRI.
Sushil Bajaj 
+91 931-5120-004
