Axis Nifty Capital Markets Index Fund vs Edelweiss BSE Capital Markets & Insurance ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Nifty Capital Markets Index Fund is an Index fund and Edelweiss BSE Capital Markets & Insurance ETF is an ETF fund. Axis Nifty Capital Markets Index Fund charges 0.78% a year and Edelweiss BSE Capital Markets & Insurance ETF 0.57%. Their portfolios overlap 49.8%: they hold 15 of the same securities.
Axis Nifty Capital Markets Index Fund
Index
- Expense ratio
- 0.78%
- NAV
- ₹9.18
Edelweiss BSE Capital Markets & Insurance ETF
ETF
- Expense ratio
- 0.57%
- NAV
- ₹22.01
Which is better, Axis Nifty Capital Markets Index or Edelweiss BSE Capital Markets & Insurance ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Edelweiss BSE Capital Markets & Insurance ETF costs less: 0.57% a year against 0.78%.
- Edelweiss BSE Capital Markets & Insurance ETF fell less in its worst fall since 25-05-2026: −12.6% against −12.8%.
- Axis Nifty Capital Markets Index is the larger fund: ₹124 Cr against ₹14 Cr.
- Their portfolios overlap 49.8%: 15 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 | Axis Nifty Capital Markets Index Fund | Edelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Edelweiss Mutual Fund |
| Category | Index | ETF |
| AUM | ₹124 Cr (30-09-2026) | ₹14 Cr (30-09-2026) |
| NAV | ₹9.18 (Direct) | ₹22.01 |
| Expense ratio (Direct) | 0.78% | Not available |
| Expense ratio (Regular) | 1.53% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty Capital Markets Index (TRI) | BSE Capital Markets & Insurance TRI |
| Launch date | 20-05-2026 | 30-12-2024 |
| Minimum investment | ₹100 | ₹25,00,00,000 |
| Lock in | None | None |
| Fund managers | Nandik Malik, Rohit Gautam | Bhavesh Jain, Manasi Jalgaonkar |
| Exit load | Exit load of 0.25%, if redeemed within 15 Days. | Nil |
Axis Nifty Capital Markets Index vs Edelweiss BSE Capital Markets & Insurance ETF: 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 |
|---|---|---|---|---|---|---|---|
| Axis Nifty Capital Markets Index Fund (Direct) | +0.87% | −1.81% | -- | -- | -- | -- | -- |
| Edelweiss BSE Capital Markets & Insurance ETF | −2.92% | −6.76% | −6.85% | −7.30% | -- | -- | -- |
Axis Nifty Capital Markets Index vs Edelweiss BSE Capital Markets & Insurance ETF: Year-wise Returns
| Year | Axis Nifty Capital Markets IndexAxis Nifty Capital Markets Index | Edelweiss BSE Capital Markets & Insurance ETFEdelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| 2026to date | -- | −8.98% |
| 2025 | -- | +15.96% |
Axis Nifty Capital Markets Index vs Edelweiss BSE Capital Markets & Insurance ETF: Rolling Returns
Every holding period of both funds, against Nifty Capital Markets TRI, the benchmark of Axis Nifty Capital Markets Index Fund
Axis Nifty Capital Markets Index vs Edelweiss BSE Capital Markets & Insurance ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Nifty Capital Markets Index Fund (Direct) | Edelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| Return (CAGR) | −19.44% | +3.00% |
| Standard deviation | 19.59% | 18.89% |
| Sharpe ratio | -1.26 | -0.13 |
| Sortino ratio | -1.74 | -0.19 |
| Maximum drawdown | −12.8% (23-10-2026) | −17.6% (04-03-2025) |
| Beta | 1.00 | 1.00 |
| Alpha | −0.30% | −0.25% |
From daily NAVs, 25-05-2026 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.
Axis Nifty Capital Markets Index Fund (Direct)
Edelweiss BSE Capital Markets & Insurance ETF
Nifty Capital Markets TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Nifty Capital Markets Index Fund (Direct) | −12.8% | 26-05-2026 | 23-10-2026 | Not yet | -- | −9.3% |
| Edelweiss BSE Capital Markets & Insurance ETF | −12.6% | 25-05-2026 | 23-10-2026 | Not yet | -- | −11.9% |
| Nifty Capital Markets TRI | −12.7% | 26-05-2026 | 23-10-2026 | Not yet | -- | −9.2% |
From daily values since 25-05-2026, the first day every fund has.
Axis Nifty Capital Markets Index vs Edelweiss BSE Capital Markets & Insurance ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Nifty Capital Markets Index Fund, September 2026; Edelweiss BSE Capital Markets & Insurance ETF, September 2026
Holdings in common
- Overlap
- 49.8%
- Held by both
- 15
- Only in Axis Nifty Capital Markets Index
- 2
- Only in Edelweiss BSE Capital Markets & Insurance ETF
- 11
| Security | % of Axis Nifty Capital Markets Index | % of Edelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| Multi Commodity Exchange of India Limited | 18.88% | 10.19% |
| HDFC Asset Management Company Limited | 10.44% | 7.33% |
| 360 One WAM Limited | 6.07% | 4.24% |
| Billionbrains Garage Ventures Ltd | 5.90% | 4.22% |
| Anand Rathi Wealth Limited | 4.35% | 3.07% |
| Nippon Life India Asset Management Limited | 4.33% | 3.05% |
| ICICI Prudential Asset Management Company Limited | 4.11% | 2.97% |
| Computer Age Management Services Limited | 3.62% | 2.58% |
| Motilal Oswal Financial Services Limited | 3.54% | 2.48% |
| Angel One Limited | 4.01% | 2.40% |
| Nuvama Wealth Management Limited | 2.99% | 2.21% |
| KFin Technologies Limited | 2.52% | 1.78% |
| Indian Energy Exchange Limited | 1.91% | 1.36% |
| Aditya Birla Sun Life AMC Limited | 1.63% | 1.14% |
| UTI Asset Management Company Limited | 0.83% | 0.94% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 49.8% means 49.8% 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 Axis Nifty Capital Markets Index Fund
| Security | % of fund |
|---|---|
| BSE Limited | 20.02% |
| Central Depository Services (India) Limited | 5.05% |
Largest holdings only in Edelweiss BSE Capital Markets & Insurance ETF
| Security | % of fund |
|---|---|
| SBI Life Insurance Company Ltd. | 10.33% |
| HDFC Life Insurance Company Ltd. | 8.80% |
| Life Insurance Corporation of India | 8.73% |
| ICICI Lombard General Insurance Co. Ltd. | 6.17% |
| Max Financial Services Ltd. | 5.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Nifty Capital Markets Index | Edelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| Equity | 100.2% | 99.9% |
| Debt | 0.0% | 0.0% |
| Cash and others | -0.2% | 0.1% |
Market cap of stocks
| Market cap | Axis Nifty Capital Markets Index | Edelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| Large Cap | 40.5% | 42.4% |
| Mid Cap | 32.8% | 36.8% |
| Small Cap | 26.9% | 20.8% |
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 | Axis Nifty Capital Markets Index | Edelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| Capital Markets | 100.2% | 51.6% |
| Insurance | 0.0% | 48.4% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Nifty Capital Markets Index vs Edelweiss BSE Capital Markets & Insurance ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Nifty Capital Markets Index Fund | Edelweiss BSE Capital Markets & Insurance ETF |
|---|---|---|
| Total expense ratio (Direct) | 0.78% | Not available |
| Base expense ratio (Direct) | 0.20% | 0.00% |
| Total expense ratio (Regular) | 1.53% | Not available |
| Base expense ratio (Regular) | 0.90% | 0.23% |
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.
Axis Nifty Capital Markets Index Fund vs Edelweiss BSE Capital Markets & Insurance ETF: Frequently Asked Questions
What is the difference between Axis Nifty Capital Markets Index Fund and Edelweiss BSE Capital Markets & Insurance ETF?
Axis Nifty Capital Markets Index Fund is an Index fund, Edelweiss BSE Capital Markets & Insurance ETF is an ETF fund, run by Axis Mutual Fund and Edelweiss Mutual Fund. Their portfolios overlap 49.8%. Axis Nifty Capital Markets Index Fund charges 0.78% a year and Edelweiss BSE Capital Markets & Insurance ETF 0.57%.
Which has the lower expense ratio, Axis Nifty Capital Markets Index Fund or Edelweiss BSE Capital Markets & Insurance ETF?
Edelweiss BSE Capital Markets & Insurance ETF charges less: 0.57% a year against 0.78%. These are the total expense ratios reported to AMFI.
How much do Axis Nifty Capital Markets Index Fund and Edelweiss BSE Capital Markets & Insurance ETF overlap?
49.8%. They hold 15 of the same securities, the largest shared ones being MCX, HDFCAMC, 360ONE. From each fund's latest monthly portfolio.
Which is riskier, Axis Nifty Capital Markets Index Fund or Edelweiss BSE Capital Markets & Insurance ETF?
On SEBI's riskometer, Axis Nifty Capital Markets Index Fund is rated Very High and Edelweiss BSE Capital Markets & Insurance ETF Very High. Over their common history, the standard deviation of daily returns was 19.59% and 18.89% a year.
Can I invest in both Axis Nifty Capital Markets Index Fund and Edelweiss BSE Capital Markets & Insurance ETF?
Yes. 49.8% of each fund's money sits in the same holdings, so a large part of the two investments would move together.
Who manages Axis Nifty Capital Markets Index Fund and Edelweiss BSE Capital Markets & Insurance ETF?
Axis Nifty Capital Markets Index Fund: Nandik Malik, Rohit Gautam. Edelweiss BSE Capital Markets & Insurance ETF: Bhavesh Jain, Manasi Jalgaonkar.
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.