Aditya Birla Sun Life Nifty India Defence Index Fund vs Axis Nifty India Defence Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Aditya Birla Sun Life Nifty India Defence Index Fund is an Index fund and Axis Nifty India Defence Index Fund is an Index fund. Aditya Birla Sun Life Nifty India Defence Index Fund charges 0.46% a year and Axis Nifty India Defence Index Fund 0.65% (Direct plans). Their portfolios overlap 98.7%: they hold 22 of the same securities.
Aditya Birla Sun Life Nifty India Defence Index Fund
Index
- Expense ratio
- 0.46%
- NAV
- ₹12.46
Axis Nifty India Defence Index Fund
Index
- Expense ratio
- 0.65%
- NAV
- ₹9.65
Which is better, Aditya Birla Sun Life Nifty India Defence Index or Axis Nifty India Defence Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Aditya Birla Sun Life Nifty India Defence Index costs less: 0.46% a year against 0.65% (Direct plans).
- Aditya Birla Sun Life Nifty India Defence Index fell less in its worst fall since 06-05-2026: −14.4% against −14.4%.
- Aditya Birla Sun Life Nifty India Defence Index is the larger fund: ₹1,409 Cr against ₹368 Cr.
- Their portfolios overlap 98.7%: 22 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Aditya Birla Sun Life Nifty India Defence Index Fund | Axis Nifty India Defence Index Fund |
|---|---|---|
| Fund house | Aditya Birla Sun Life Mutual Fund | Axis Mutual Fund |
| Category | Index | Index |
| AUM | ₹1,409 Cr (30-09-2026) | ₹368 Cr (30-09-2026) |
| NAV | ₹12.46 (Direct) | ₹9.65 (Direct) |
| Expense ratio (Direct) | 0.46% | 0.65% |
| Expense ratio (Regular) | 1.15% | 1.45% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty India Defence TRI | Nifty India Defence TRI |
| Launch date | 30-08-2024 | 29-04-2026 |
| Minimum investment | ₹500 | ₹100 |
| Lock in | None | None |
| Fund managers | Priya Sridhar, Mehul Dama | Nandik Malik, Rohit Gautam |
| Exit load | Exit load of 0.05%, if redeemed within 30 days. | Exit load of 0.25%, if redeemed within 15 days. |
Aditya Birla Sun Life Nifty India Defence Index vs Axis Nifty India Defence Index: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Nifty India Defence Index Fund (Direct) | −6.22% | −5.24% | −2.98% | +8.20% | -- | -- | -- |
| Axis Nifty India Defence Index Fund (Direct) | −6.25% | −5.28% | -- | -- | -- | -- | -- |
Aditya Birla Sun Life Nifty India Defence Index vs Axis Nifty India Defence Index: Year-wise Returns
| Year | Aditya Birla Sun LifeAditya Birla Sun Life Nifty India Defence Index | AxisAxis Nifty India Defence Index | Nifty India Defence TRI |
|---|---|---|---|
| 2026to date | +12.49% | -- | +12.90% |
| 2025 | +19.16% | -- | +19.98% |
Aditya Birla Sun Life Nifty India Defence Index vs Axis Nifty India Defence Index: Rolling Returns
Every holding period of both funds, against Nifty India Defence TRI, the benchmark of both
Aditya Birla Sun Life Nifty India Defence Index vs Axis Nifty India Defence Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Aditya Birla Sun Life Nifty India Defence Index Fund (Direct) | Axis Nifty India Defence Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | +11.08% | −9.67% |
| Standard deviation | 27.48% | 22.28% |
| Sharpe ratio | 0.20 | -0.67 |
| Sortino ratio | 0.28 | -0.87 |
| Maximum drawdown | −27.8% (18-02-2025) | −14.4% (23-10-2026) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.73% | −0.38% |
From daily NAVs, 02-09-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta and alpha compare each fund with its own benchmark's TRI.
Drawdowns
How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.
Aditya Birla Sun Life Nifty India Defence Index Fund (Direct)
Axis Nifty India Defence Index Fund (Direct)
Nifty India Defence TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Aditya Birla Sun Life Nifty India Defence Index Fund (Direct) | −14.4% | 08-09-2026 | 23-10-2026 | Not yet | -- | −13.0% |
| Axis Nifty India Defence Index Fund (Direct) | −14.4% | 08-09-2026 | 23-10-2026 | Not yet | -- | −13.0% |
| Nifty India Defence TRI | −14.3% | 08-09-2026 | 23-10-2026 | Not yet | -- | −12.9% |
From daily values since 06-05-2026, the first day every fund has.
Aditya Birla Sun Life Nifty India Defence Index vs Axis Nifty India Defence Index: Portfolio Overlap
From each fund's latest monthly portfolio: Aditya Birla Sun Life Nifty India Defence Index Fund, September 2026; Axis Nifty India Defence Index Fund, September 2026
Holdings in common
- Overlap
- 98.7%
- Held by both
- 22
- Only in Aditya Birla Sun Life Nifty India Defence Index
- 0
- Only in Axis Nifty India Defence Index
- 0
| Security | % of Aditya Birla Sun Life Nifty India Defence Index | % of Axis Nifty India Defence Index |
|---|---|---|
| Bharat Electronics Ltd. | 19.96% | 20.01% |
| Hindustan Aeronautics Ltd. | 19.68% | 19.72% |
| Bharat Forge Ltd. | 13.28% | 13.31% |
| Solar Industries India Ltd. | 11.91% | 11.93% |
| MTAR technologies Ltd. | 4.00% | 4.21% |
| Mazagon Dock Shipbuilders Ltd. | 3.98% | 3.99% |
| Astra Microwave Products Ltd. | 3.44% | 3.44% |
| Data Patterns (India) Ltd. | 3.23% | 3.24% |
| Cochin Shipyard Ltd. | 3.16% | 3.16% |
| Bharat Dynamics Ltd. | 2.54% | 2.54% |
| BEML Ltd. | 1.89% | 1.89% |
| Zen Technologies Ltd. | 1.84% | 1.84% |
| Apollo Micro Systems Ltd. | 1.64% | 1.64% |
| Garden Reach Shipbuilders & Engineers Ltd. | 1.59% | 1.59% |
| Dynamatic Technologies Ltd. | 1.33% | 1.33% |
| Paras Defence And Space Technologies Ltd. | 1.16% | 1.16% |
| Aequs Ltd. | 1.14% | 1.15% |
| AXISCADES Technologies Ltd. | 0.99% | 0.99% |
| Centum Electronics Ltd. | 0.92% | 0.93% |
| Mishra Dhatu Nigam Ltd. | 0.53% | 0.53% |
| Unimech Aerospace and Manufacturing Ltd. | 0.38% | 0.38% |
| Sigma Advanced Systems Ltd. | 0.38% | 0.08% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 98.7% means 98.7% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Aditya Birla Sun Life Nifty India Defence Index Fund
Every holding of this fund is also held by the other.
Largest holdings only in Axis Nifty India Defence Index Fund
Every holding of this fund is also held by the other.
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Aditya Birla Sun Life Nifty India Defence Index | Axis Nifty India Defence Index |
|---|---|---|
| Equity | 99.0% | 99.1% |
| Debt | 0.0% | 0.0% |
| Cash and others | 1.0% | 0.9% |
Market cap of stocks
| Market cap | Aditya Birla Sun Life Nifty India Defence Index | Axis Nifty India Defence Index |
|---|---|---|
| Large Cap | 51.5% | 51.7% |
| Mid Cap | 23.0% | 23.0% |
| Small Cap | 24.4% | 24.4% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Aditya Birla Sun Life Nifty India Defence Index | Axis Nifty India Defence Index |
|---|---|---|
| Aerospace & Defense | 59.4% | 59.2% |
| Auto Components | 13.3% | 13.3% |
| Chemicals & Petrochemicals | 11.9% | 11.9% |
| Industrial Manufacturing | 8.5% | 8.5% |
| Electrical Equipment | 4.0% | 4.2% |
| Agricultural, Commercial & Construction Vehicles | 1.9% | 1.9% |
The six largest sectors of each fund's stocks, % of the fund.
Aditya Birla Sun Life Nifty India Defence Index vs Axis Nifty India Defence Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Aditya Birla Sun Life Nifty India Defence Index Fund | Axis Nifty India Defence Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 0.46% | 0.65% |
| Base expense ratio (Direct) | 0.28% | 0.20% |
| Total expense ratio (Regular) | 1.15% | 1.45% |
| Base expense ratio (Regular) | 0.89% | 0.90% |
The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, transaction costs, and levies with GST.
Aditya Birla Sun Life Nifty India Defence Index Fund vs Axis Nifty India Defence Index Fund: Frequently Asked Questions
What is the difference between Aditya Birla Sun Life Nifty India Defence Index Fund and Axis Nifty India Defence Index Fund?
Aditya Birla Sun Life Nifty India Defence Index Fund is an Index fund, Axis Nifty India Defence Index Fund is an Index fund, run by Aditya Birla Sun Life Mutual Fund and Axis Mutual Fund. Their portfolios overlap 98.7%. Aditya Birla Sun Life Nifty India Defence Index Fund charges 0.46% a year and Axis Nifty India Defence Index Fund 0.65%.
Which has the lower expense ratio, Aditya Birla Sun Life Nifty India Defence Index Fund or Axis Nifty India Defence Index Fund?
Aditya Birla Sun Life Nifty India Defence Index Fund charges less: 0.46% a year against 0.65%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Aditya Birla Sun Life Nifty India Defence Index Fund and Axis Nifty India Defence Index Fund overlap?
98.7%. They hold 22 of the same securities, the largest shared ones being BEL, HAL, BHARATFORG. From each fund's latest monthly portfolio.
Which is riskier, Aditya Birla Sun Life Nifty India Defence Index Fund or Axis Nifty India Defence Index Fund?
On SEBI's riskometer, Aditya Birla Sun Life Nifty India Defence Index Fund is rated Very High and Axis Nifty India Defence Index Fund Very High. Over their common history, the standard deviation of daily returns was 27.48% and 22.28% a year.
Can I invest in both Aditya Birla Sun Life Nifty India Defence Index Fund and Axis Nifty India Defence Index Fund?
Yes. 98.7% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Aditya Birla Sun Life Nifty India Defence Index Fund and Axis Nifty India Defence Index Fund?
Aditya Birla Sun Life Nifty India Defence Index Fund: Priya Sridhar, Mehul Dama. Axis Nifty India Defence Index Fund: Nandik Malik, Rohit Gautam.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.