Axis Mutual Fund launches Axis Momentum Fund

NFO period: 22^nd November – 06^th December, 2024

Highlights of the NFO:

• Scheme type – An open-ended equity Scheme following the momentum theme


• Investment objective – The scheme aims 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 parameters. There is no assurance that the investment objective of the scheme will be achieved.


• Product suitability – This product is suitable for investors who are seeking capital appreciation over long term. An equity scheme by investing in equity & equity related securities selected based on the momentum theme.


• Minimum Application Amount – First investment is Rs. 100/- and in multiple of Rs. 1/- thereafter


• Plan/ Options available – Regular Plan and Direct Plan having Growth Option and Income Distribution cum Capital Withdrawal (IDCW) (Payout and Re-investment Facility) Option.


• Fund Managers – Mr. Karthik Kumar and Mr. Mayank Hyanki


• Benchmark – Nifty 500 TRI