Axis Mutual Fund launches Axis Momentum Fund

by News Team | Mutual Fund

NFO period: 22nd November - 06th 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

(Mutual Fund investments are subject to market risks, read all scheme related documents carefully.)