Axis Momentum Fund Review – Axis Momentum Fund Review Direct NFO Open on 22 November 2024 and Close on 06 December 2024. Axis Momentum Fund Direct NFO Allotment Date is 12 December 2024, and the NFO Type is Open-Ended. NFO Riskometer is Very High Risk, and the Minimum Investment Amount is ₹100. The Minimum SIP Investment Amount is ₹500.
Type of the Scheme
An open-ended equity Scheme following the momentum theme.
Scheme Benchmark : Nifty 500 TRI
Axis Momentum Fund Scheme Benchmark
| Company | Weightage |
|---|---|
| HDFC Bank Ltd. | 7.09 |
| ICICI Bank Ltd. | 4.90 |
| Reliance Industries Ltd. | 4.86 |
| Infosys Ltd. | 3.41 |
| ITC Ltd. | 2.45 |
| Bharti Airtel Ltd. | 2.33 |
| Larsen & Toubro Ltd. | 2.30 |
| Tata Consultancy Services Ltd. | 2.18 |
| Axis Bank Ltd. | 1.78 |
| State Bank of India | 1.70 |
Axis Momentum Fund Important Date
| Scheme Offer | Axis Momentum Fund |
|---|---|
| Offer Price | Rs. 10/- per Unit |
| Type of Scheme | An open-ended |
| Open Date | 22 Nov 2024 |
| Close Date | 06 Dec 2024 |
| Allotment Date | 12 Dec 2024 |
| Category | Thematic Fund |
| Min Inv ₹ | ₹100 |
| Lock in Period | N/A |
| Risk | Very High |
| Scheme Benchmark | Nifty 500 TRI |
Investment Objective of the Scheme ?
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.
Axis Momentum Fund Other Details
| Exit Load | 10% |
|---|---|
| Exit Load Details | For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months |
| Entry Load | N/A |
| Stamp Duty | 0.005% |
| Min. Investment | Rs. 100 |
| Min. SIP | Rs. 500 |
Axis Momentum Fund Asset Allocation
Manager Manage the Scheme?
Fund Manger : Mr. Karthik Kumar
Qualification : M.B.A – Krannert School of Management, Purdue University, USA • C.F.A (USA) • B.E (Mechanical) – Sardar Patel College of Engg, Mumbai University”
Experience : 14 years, his last 10 years’ experience are as follows: • Axis Asset Management Company Limited June 2019 – Till date • SilverTree Hong Kong April 2017 – May 2019 • Asiya Investment, Hong Kong • Sept 2008 – Feb 2017″.
Fund Manger : Mayank Hyanki
Qualification : Master in Management Studies, Chartered Financial Analyst
Experience : 12 years, his last 10 years’ experience are as follows: • Axis Asset Management Company Ltd. (Dec. 2015 to till date) • Reliance Industries Ltd.
(Apr. 2015 to Nov. -2015) • Birla Sun Life Asset Management Company Ltd. (Mar. 2010 to Apr. 2015) • ING Investments (India) Pvt. Ltd. ( May 2008 to Mar.2010).
Axis Momentum Fund Sector Representation
| Sector | Weightage |
|---|---|
| Financial Services | 28.98 |
| Information Technology | 9.64 |
| Oil, Gas & Consumable Fuels | 7.82 |
| Fast Moving Consumer Goods | 7.09 |
| Automobile and Auto Components | 7.00 |
| Healthcare | 6.32 |
| Capital Goods | 5.67 |
| Power | 3.70 |
| Consumer Services | 3.43 |
| Metals & Mining | 3.39 |
| Consumer Durables | 3.05 |
| Construction | 2.99 |
| Telecommunication | 2.99 |
| Chemicals | 2.21 |
| Construction Materials | 2.00 |
| Services | 1.68 |
| Realty | 1.33 |
| Textiles | 0.27 |
| Media, Entertainment & Publication | 0.21 |
| Diversified | 0.31 |
| Forest Materials | 0.08 |
Axis Momentum Fund Index Return
Where Will the Scheme Invest ?
- Equity and Equity Related Instruments.
- Derivatives.
- Debt Instruments & Money Market Instruments.
- Units of REITs and INVITs.
- Securitized Assets.
- Units of Mutual Fund Schemes.
- Short Term Deposits.
Also Read: HDFC Nifty India Digital Index Fund Review
Axis Momentum Fund Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower- B, Plot 31-32, Gachibowli, Financial
District, Nanakramguda, Serilingampally, Hyderabad500 032, Telangana, India.
Tel No.: +91 40 6716 2222
Website: Www.Kfintech.Com
Email: Hoacfoods.Ipo@Kfintech.Com
Investor Grievance Email:Einward.Ris@Kfintech.Com
Contact Person: Mr. M Murali Krishna
Axis Momentum Fund Form Download
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