January 18, 2025
mayank
Axis Nifty500 Momentum 50 Index Fund details, Fund Portfolio, Fund Returns, Peer Comparison, Mutual Fund Guidance @sahifund.com
Table of Contents:
- NFO Open date, Close date
- NFO Investment Strategy
- NFO Basic Details
- NFO Benchmark Index
- Performance Review of Fund Manager
- Should You Invest in this NFO?
- Invest Online
What is the Axis Nifty500 Momentum 50 Index Fund Open Date, Close Date?
NFO opens on January 24, 2025
NFO will close on February 07, 2025
Investment Strategy for this NFO?
The scheme seeks to provide returns before expenses that correspond to the Nifty500 Momentum 50 TRI subject to tracking errors.
Basic Details
| Fund House | Axis Mutual Fund |
| Issue Open | 24 January 2025 |
| Issue Close | 07 February 2025 |
| Type | Open-ended |
| Category | Equity: Flexi Cap |
| Min. Investment(Rs) | 100 |
| Plans | Growth |
| Lock-in Period | NA |
| Exit Load | 0.25% for redemption within 15 days |
| Riskometer | Very High |
| Benchmark | Nifty 500 Momentum 50 TRI |
About Benchmark Index for this NFO?
The Nifty500 Momentum 50 Index aims to track the performance of the top 50 companies within the Nifty 500 selected based on their Normalized Momentum Score. The Normalized Momentum Score for each company is determined based on its 6-month and 12-month price return, adjusted for volatility. Stock weights are based on a combination of the stock’s Normalized Momentum Score and its free-float market capitalization.
Nifty500 Momentum 50 Index can be used for a variety of purposes such as benchmarking fund portfolios, launching of index funds, ETFs and structured products.
Index Variant: Nifty500 Momentum 50 Total Returns Index.
Portfolio Characteristics
| Methodology | Tilt Weighted |
| No. of Constituents | 50 |
| Launch Date | June 04, 2024 |
| Base Date | April 01, 2005 |
| Base Value | 1000 |
| Calculation Frequency | Real-Time |
| Index Rebalancing | Semi-Annually |
Fund Managers of Axis Nifty500 Momentum 50 Index Fund
1) Karthik Kumar
Education: Mr. Kumar has done M.B.A, C.F.A, (USA) & B.E (Mechanical)
Experience: Prior to joining Axis Mutual Fund he has worked with SilverTree Hong Kong and Asiya Investment, Hong Kong
2) Sachin Relekar
Education: Mr. Relekar is an MMS(Finance) from Jamnalal Bajaj Institute of Management Studies Mumbai and B.E (Mechanical) from K.E.S. College of Engineering Islampur.
Experience: Prior to joining Axis Mutual Fund, he has worked with Bandhan Mutual Fund (formerly IDFC Mutual Fund), LIC Mutual Fund, Tata AMC, CD Equity Search, Innovision Consulting and Tech Pacific India.
AMC
Axis Asset Management Company Ltd.
Address: 23rd Floor, One Lodha Place, S. B. Road, Lower Parel. Mumbai – 400013
Website: http://www.axismf.com
Registrar & Transfer Agent
KFin Technologies Ltd.
Address: 303, Vamsee Estates, Opp. Big Bazaar, Ameerpet, Hyderabad – 500016
Website: https://mfs.kfintech.com/mfs/
Review for Axis Nifty500 Momentum 50 Index Fund @ sahifund.com by Paresh Gordhandas, C.A. & Research Analyst
[ A ] Benchmark Performance of Nifty 500 Momentum 50 TRI
Performance
| Index Returns (%)# | QTD | YTD | 1 Year | 5 Years | Since Inception |
| Price Return | -10.47 | 26.25 | 26.25 | 29.33 | 22.72 |
| Total Return | -10.37 | 27.20 | 27.20 | 30.30 | 23.88 |
| Statistics ## | 1 Year | 5 Years | Since Inception |
| Std. Deviation * | 24.87 | 22.70 | 22.58 |
| Beta (NIFTY 50) | 1.34 | 0.96 | 0.88 |
| Correlation (NIFTY 50) | 0.75 | 0.80 | 0.83 |
Fundamentals
| P/E | P/B | Dividend Yield |
| 60.12 | 9.19 | 0.49 |
Top constituents by weightage
| Company’s Name | Weight(%) |
| Divi’s Laboratories Ltd. | 5.10 |
| Zomato Ltd. | 5.01 |
| Mahindra & Mahindra Ltd. | 4.97 |
| Persistent Systems Ltd. | 4.97 |
| Trent Ltd. | 4.96 |
| Tech Mahindra Ltd. | 4.94 |
| Dixon Technologies (India) Ltd. | 4.89 |
| Indian Hotels Co. Ltd. | 4.80 |
| PB Fintech Ltd. | 4.21 |
| Info Edge (India) Ltd. | 4.18 |
Note on Benchmark Performance:
The Nifty500 Momentum 50 Index is designed to track the performance of the top 50 companies within the Nifty 500, selected based on their Normalized Momentum Score. This index includes 50 stocks with the highest performance ratios among the top 500 stocks in the Nifty. Over the past 5 years, the index has delivered strong returns of 30.30% per annum. In the last year alone, it has provided a return of 27.20%. A closer look at the individual stocks reveals strong growth potential in the coming years, making funds tracking this index likely to offer good returns.
[ B ] Performance Review of the Fund Managers of this NFO
Past Performance of Karthik Kumar
| Fund | Axis Quant Fund | It’s Benchmark | Axis BSE Sensex ETF | It’s Benchmark |
| 1 Year | 7.31 | 11.87 | 8.31 | 11.04 |
| 3 Year | 9.98 | 12.20 | — | — |
| 5 Year | — | — | — | — |
| 7 Year | — | — | — | — |
| 10 Year | — | — | — | — |
As on 18-1-2025
Past Performance of Sachin Relekar
| Fund | Axis Focused Fund | It’s Benchmark | Axis Flexi Cap Fund | It’s Benchmark |
| 1 Year | 11.98 | 11.87 | 17.51 | 11.87 |
| 3 Year | 3.21 | 12.20 | 7.23 | 12.20 |
| 5 Year | 11.20 | 17.70 | 13.96 | 17.70 |
| 7 Year | 10.76 | 13.50 | 13.70 | 13.50 |
| 10 Year | 12.73 | 13.36 | – | – |
As on 18-1-2025
Note on Fund Managers’ performance:
However, the past performance of the fund managers associated with this scheme can influence the scheme’s future performance. We have randomly selected schemes managed by various fund managers for review. Upon evaluation, we found that the past performance of schemes managed by Karthik Kumar has not been particularly impressive. Similarly, the schemes managed by Sachin Relekar have not generated significant returns either.
[ C ] My review
Additionally, we conducted a peer comparison and found that both the Motilal Oswal Nifty 500 Momentum 50 Index Fund – Direct Plan (with a 3-month return of -16.09% and a return since launch of -22.11%) and the Nippon India Nifty 500 Momentum 50 Index Fund have delivered negative returns over the same time period.
Given these factors, we recommend only a small investment in this NFO
Is it good to invest in Axis Nifty500 Momentum 50 Index NFO?
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Quicklinks
Studied your review. Uptil now I never imagined that performance of fund managers are so vital to decide NFOs.You have given new insight to fund investment. Congratulations.
Very enlighting review. Covered all the aspect to take decision. Pl provide list of best hospital funds. I wish to invest in the same.
Excellent review.
The way you have been providing IPO review, we required NFO reviews. Our agents are always positive about the NFOs, since they earn huge commissions. So neutral guidance was required. At Sahifund.com, you provide such guidance and review. All the best
Very interesting. Sir, Earlier I studied the returns provided by the benchmark index. However your detailed review covering past performance of the fund managers and peer fund comparison gave new insights. Now I am hesitant to invest in this NFO.
Thanks a lot. Do suggest some best performing defence funds.
Very interesting. Sir, Earlier I studied the returns provided by the benchmark index. However your detailed review covering past performance of the fund managers and peer fund comparison gave new insights. Now I am hesitant to invest in this NFO.
Thanks a lot