November 16, 2024
mayank
Axis Momentum Fund details, NAV, Portfolio, Returns, Peer Comparison, Fund Managers & Guidance by sahifund.com
NAV Growth: Rs 7.9700
NAV IDCW: Rs 7.9700
Suitable For Which Investors?
This is a fund that invests mainly in companies that adhere to the narrow investment mandate mentioned in its investment objective.
We believe that investors should avoid funds that have a narrowly defined investment focus such as this one. Instead, they should invest in flexi-cap funds which provide complete freedom to the fund management team to invest in companies from which it expects maximum gains.
But if you do invest, you must do so only through the SIP route.
Fund’s Investment Strategy:
The Scheme seeks to provide long-term capital growth from an actively managed diversified portfolio of equity & equity-related securities of companies that exhibit strong momentum. The selection of securities will be based on a quantitative model that will aim to maximize momentum exposure based on various parameter.
Fund Manager:
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) Mayank Hyanki
Education: Mr. Hyanki has done B.Tech and PGDM, Finance
Experience: Prior to joining Axis Mutual Fund, he has worked with Reliance, Birla Sun Life Asset Management Company Ltd and ING Investment Management (I) Pvt Ltd
Investment Details
| Min. Investment (Rs) | 100 |
| Min. Addl Investment (Rs) | 100 |
| Min. SIP Investment (Rs) | 500 |
| Min. Withdrawal (Rs) | — |
| Min. No of Cheques | 6 |
| Min. Balance (Rs) | — |
| Lock-in Period | NA |
| Exit Load | For units in excess of 10% of the investment, 1% will be charged for redemption within 12 months |
Basic Details of Axis Momentum Fund
| Fund House | Axis Mutual Fund |
| Launch Date | 12-Dec-24 |
| Return Since Launch | -20.30% |
| Benchmark | NIFTY 500 TRI |
| Riskometer | Very High |
| Type | Open-ended |
| Assets | Rs 1,234 Cr |
| (As on 31-Mar-2025) | |
| Expense | 0.50% |
| (As on 31-Mar-2025) | |
| Risk Grade | — |
| Return Grade | — |
| Turnover | — |
Trailing Returns (%) of Axis Momentum Fund
| Fund name | YTD | 1D | 1M | 3M | 6M | 1Y | 3Y | 5Y | 7Y | 10Y |
| Axis Momentum Dir | -18.76 | -0.87 | -0.50 | -15.75 | — | — | — | — | — | — |
| BSE 500 TRI | -8.76 | -0.59 | -0.46 | -7.41 | — | — | — | — | — | — |
Peer Comparison of Axis Momentum Fund
| Rating | 1 Year Returns | 3 Year Returns | 5 Year Returns | Expense Ratio (%) | Net Assets (Rs Cr) | Return Since Launch (%) | Exit Load (Days) | Fund Age | Turnover (%) | |
| Axis Momentum Dir | Unrated | — | — | — | 0.50 | 1,234 | -20.30 | 1.00 (360) | 3M | — |
| ICICI Pru India Opportunities Dir | Unrated | 6.08 | 20.99 | 34.20 | 0.74 | 25,696 | 21.99 | 1.00 (365) | 6Y 2M | 69.00 |
| ICICI Pru Business Cycle Dir | Unrated | 2.78 | 18.59 | — | 0.82 | 11,894 | 21.19 | 1.00 (30) | 4Y 2M | 25.00 |
| HDFC Manufacturing Dir | Unrated | — | — | — | 0.54 | 11,597 | -7.60 | 1.00 (30) | 10M | — |
| SBI Innovative Opportunities Dir | Unrated | — | — | — | 0.62 | 6,951 | -17.12 | 1.00 (365) | 7M | 34.00 |
Portfolio Analysis of Axis Momentum Fund
| No. of Stocks | 40 |
| Top 10 Stocks | 43.68% |
| Top 5 Stocks | 27.32% |
| Top 3 Sectors | 50.18% |
| Portfolio P/B Ratio | 5.22 |
| Portfolio P/E Ratio | 34.16 |
Portfolio Breakup
| Fund | Category | |
| Average Mkt Cap (Rs Cr) | 1,24,578 | 1,20,478 |
| Giant (%) | 41.23 | 42.29 |
| Large (%) | 25.08 | 22.63 |
| Mid (%) | 33.08 | 28.27 |
| Small (%) | 0.61 | 12.11 |
| Tiny (%) | — | 0.60 |
Chanakya’s Mutual Fund Guidance For Axis Momentum Fund
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