The Axis Nifty India Consumption ETF, managed by Axis Asset Management Company Limited, is an open-ended fund designed to replicate the NIFTY India Consumption Index's total returns, emphasizing passive investment.

Utilizing a passive investment strategy, this ETF aims to closely track the Nifty India Consumption TRI, maintaining a minimal tracking error of just 0.03%, ensuring efficient benchmark replication.

The portfolio showcases significant concentration in top holdings, with ITC Limited and Bharti Airtel Limited making up 20.0% of the fund, reflecting a strong tilt towards the fast-moving consumer goods sector.

Performance metrics reveal a compelling 1-year return of 10.1% and a robust 3-year CAGR of 17.7%, illustrating the fund's resilience and potential in favorable market conditions.

With an AUM of ₹14.3 Cr and a low expense ratio of 0.38%, the fund is positioned for cost-effective access, managed by Mr. Karthik Kumar, who brings 16 years of experience.