MUTUAL FUNDS
Axis MF introduces Momentum Fund
Nov-23-2024

Axis Mutual Fund has launched Axis Momentum Fund, an open-ended equity scheme following the momentum theme. The NFO opens for subscription on November 22, 2024 and closes on December 06, 2024. The Entry load is not applicable for the scheme. The Exit Load will be nil - For 10% of investments if redeemed / switched-out within 12 months from the date of allotment and 1% of Exit load - For remaining investments if redeemed / switched-out within 12 months from the date of allotment. There will be no exit load if redeemed / switched-out after 12 months from the date of allotment. The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter.  

The performance of the scheme will be benchmarked at Nifty 500 TRI and its fund managers are Karthik Kumar and Mayank Hyanki.

The investment objective of the scheme is 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.


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