The Axis Nifty Healthcare ETF, managed by Axis Asset Management Company Limited, is an open-ended exchange-traded fund designed to replicate the NIFTY Healthcare Index's performance, focusing on sector-specific investments.

Adopting a tracking approach, the fund aims to achieve returns closely aligned with the Nifty Healthcare TRI, maintaining a minimal tracking error of just 0.03%, enhancing its efficiency.

The portfolio is heavily concentrated in healthcare, with top holdings like Sun Pharmaceutical Industries at 17.97% and Cipla at 9.33%, reflecting a focused sector strategy that may introduce concentration risk.

Performance over the past year shows a decline of 4.1%, but the three-year CAGR stands at a robust 20.6%, indicating strong long-term growth potential despite recent volatility.

With an AUM of ₹19.76 Cr and a low expense ratio of 0.34%, the fund offers cost-effective exposure to the healthcare sector, managed by experienced professional Mr. Karthik Kumar since August 2023.