COMPARE
Axis Nifty Bank Index Fund - Direct Plan - Growth Option vs UTI Nifty 500 Value 50 Index Fund - Direct Plan - Growth Option
Axis Nifty Bank Index Fund and UTI Nifty 500 Value 50 Index Fund are both in the Index Funds category, from Axis Asset Management Co. Ltd. and UTI Asset Mgmt. Co. Ltd. respectively. Axis Nifty Bank Index Fund has the lower expense ratio. See the full table and FAQ below for the complete real-data comparison.
Basics
Axis Nifty Bank Index Fund has the lower direct-plan expense ratio, by 0.51 percentage points.
| Axis Nifty Bank Index Fund - Direct Plan - Growth Option | UTI Nifty 500 Value 50 Index Fund - Direct Plan - Growth Option | |
|---|---|---|
| Category | Index Funds | Index Funds |
| AMC | Axis Asset Management Co. Ltd. | UTI Asset Mgmt. Co. Ltd. |
| Benchmark | Nifty Bank TRI | NIFTY500 Value 50 TRI |
| NAV | ₹11.2256 (2026-10-28) | ₹20.3339 (2026-10-28) |
| AUM | ₹177.775 Cr | ₹828.438 Cr |
| Expense Ratio (Direct) | 0.24% | 0.75% |
| Inception | 2024-05-03 | 2023-04-26 |
Returns
Risk Metrics
This fund tracks an index, so measuring alpha against that same index would only report its tracking error.
Portfolio Analytics
Axis Nifty Bank Index Fund carries the higher portfolio P/E ratio (a rougher proxy for how richly the underlying holdings are valued) - see the table below for the full comparison.
| Axis Nifty Bank Index Fund - Direct Plan - Growth Option | UTI Nifty 500 Value 50 Index Fund - Direct Plan - Growth Option | |
|---|---|---|
| P/E Ratio | 15.8556 | 10.2108 |
| P/B Ratio | 1.87 | 10.3901 |
| Dividend Yield | 1.1265% | 3.1146% |
| Active Share | 0.05% | 0% |
| Portfolio Turnover | - | - |
| YTM | - | - |
| Duration (Macaulay) | - | - |
Punji Fund Health Score
Axis Nifty Bank Index Fund has the stronger Punji Quality grade of the two.
Frequently asked questions
Which has a lower expense ratio, Axis Nifty Bank Index Fund or UTI Nifty 500 Value 50 Index Fund?
Axis Nifty Bank Index Fund's direct-plan expense ratio is 0.51 percentage points lower than UTI Nifty 500 Value 50 Index Fund's. Over long holding periods, a persistent expense-ratio gap compounds into a materially different final corpus even if the two funds' gross returns are similar - it's one of the few fund attributes you can compare with total certainty upfront, unlike future returns, since the fee is contractually fixed rather than a historical estimate.
Why don't Axis Nifty Bank Index Fund and UTI Nifty 500 Value 50 Index Fund show risk metrics like Sharpe ratio or alpha?
This fund tracks an index, so measuring alpha against that same index would only report its tracking error. This is a deliberate methodology choice, not missing data - risk metrics like alpha and Sharpe ratio are most meaningful for actively-managed funds where a manager makes decisions that can add or subtract value versus a benchmark. For a fund that mechanically tracks an index, the equivalent useful metric is tracking error (how closely it follows its index), not alpha.
Which has higher AUM, Axis Nifty Bank Index Fund or UTI Nifty 500 Value 50 Index Fund?
UTI Nifty 500 Value 50 Index Fund has ₹828 Cr in assets under management, versus ₹178 Cr for Axis Nifty Bank Index Fund. A larger AUM generally means deeper liquidity and lower per-unit fixed costs for the AMC to spread across investors, but an AUM that's very large relative to a fund's category and strategy (especially in small/mid cap categories, where the investable universe is smaller) can also make it harder for a manager to enter and exit positions without moving the price - bigger isn't automatically better, especially for less liquid categories.
Which fund has a longer track record, Axis Nifty Bank Index Fund or UTI Nifty 500 Value 50 Index Fund?
UTI Nifty 500 Value 50 Index Fund launched on 2023-04-26, making it older than Axis Nifty Bank Index Fund (launched 2024-05-03). A longer track record means more real market cycles (bull runs, corrections, rate cycles) the fund has actually navigated, which is useful context for judging consistency - but it isn't a guarantee of future performance, and a newer fund isn't automatically worse, especially if it's run by an experienced manager or team with a track record at a prior fund.
Data as of 2026-10-29. Source: AMFI disclosures via Punji. Not investment advice.