Axis Momentum Fund

All Cap

Diversified

Equity

India Growth

Others

Aggressive growth Investor Profile

Investor Profile

1–7 yearsInvestment Horizon

HNI, UHNI, Retail Investor, Mass AffluentTarget Segments

SEBI registered equity mutual fund suitable for all investor categoriesRegulatory Fit

Axis Momentum Fund Growth invests in stocks with positive price momentum for trend-based returns.

What This Strategy Does

Axis Momentum Fund Regular Growth is an equity fund which captures India's broad-based earnings growth through a multi-cap investment approach, deploying capital across financials, industrials, and healthcare to achieve benchmark-aligned compounding.

CW Expert Research Notes

Consistent Outperformance

The strategy has demonstrated resilient benchmark-relative behavior, outperforming in 10 of the past 12 years, highlighting its ability to deliver consistent earnings participation across cycles.

Differentiated Construction

The portfolio's overweight in financials, industrials, and healthcare, coupled with a bias towards large and mid-cap names like HDFC Bank and Reliance Industries, reflects a differentiated approach versus peers.

Cyclical Upside Potential

With valuations appearing fair versus history and an anticipated capex revival supporting earnings revisions, the strategy is well-positioned to capitalize on cyclical tailwinds, though risks from policy uncertainty remain.

Performance and Risk Analysis

Historical returns, volatility patterns, and how this fund has performed relative to its benchmark.

Fund Performance

0.0% AnnuallyAlpha

+0.0% vs +0.0% benchmarkSince Inception

+0.0% vs +0.0% benchmark3Y Annualized

+0.0% vs +0.0% benchmark5Y Annualized

Axis Momentum Fund

Benchmark Index

Benchmark Performance Comparison

Axis Momentum Fund

NIFTY 50

Risk Profile

Standard Deviation16.4%

Sharpe Ratio-0.51

Detailed Risks

Market Risk

Prolonged economic slowdown could dampen consumer demand, impacting cyclical sectors.

Liquidity Risk

High mid-cap tilt amplifies liquidity risk during volatile sell-offs.

Concentration Risk

Concentrated bets in consumer discretionary face margin pressures from inflation.

Specific Strategy Risk

Momentum strategy vulnerable to abrupt factor reversals or style rotations.

Strategy Details

A closer look at the investment thesis, portfolio construction, and current holdings.

Core Investment Theme

Captures the momentum of India's most dynamic businesses across market caps. By investing in companies exhibiting strong earnings growth and stock price momentum, this approach aims to ride secular tailwinds and capitalize on positive earnings revisions.

Broader Market View

Market Outlook

Equity markets appear to be entering a mid-cycle phase, with consumption and earnings recovery supporting an attractive entry point. Macro tailwinds such as reviving capex and credit growth align with the strategy's tilt towards consumer, financial services, and technology sectors, though risks like margin pressures warrant monitoring.

Why This Strategy is Attractive Now

The strategy seems well-positioned, with exposure to market leaders across consumer cyclicals/defensives, financials, and technology. Its balanced ~70 holding portfolio could benefit from normalization, while moderate beta and diversification suggest a risk-adjusted stance aligned with this environment's nuanced opportunities and uncertainties.

Investment Style & Process

Investment Style

The portfolio exhibits characteristics of a Quality Growth strategy, emphasizing companies with durable competitive advantages, consistent earnings growth, and reasonable valuations relative to their long-term potential.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can offer a compelling balance of upside participation and downside resilience, supported by the portfolio's exposure to sectors with secular tailwinds and defensive characteristics.

High-Level Investment Process

Sourcing: The strategy appears to source investment ideas from a broad universe of companies, with a focus on those demonstrating sustainable competitive advantages, strong profitability, and attractive growth prospects. Selection: The selection process suggests a preference for companies with durable business models, consistent earnings growth, and reasonable valuations relative to their long-term growth potential, as well as a commitment to prudent capital allocation. Construction: The portfolio construction appears to emphasize diversification across sectors and market capitalizations, while maintaining a bias towards quality companies with the potential for long-term compounding of returns.

Portfolio Holdings Overview

SectoralAllocation

Services14.1%

Capital Goods26.29%

Financial Services29.27%

Utilities0.7%

Consumers18.1%

Energy & Infra3.75%

Technology7.79%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

Bharti Airtel LtdServices7.02%

HDFC Bank LtdFinancial Services5.75%

Bharat Electronics LtdCapital Goods4.74%

Multi Commodity Exchange of India LtdFinancial Services4.68%

Laurus Labs LtdServices4.34%

Hindalco Industries LtdCapital Goods4.08%

RBL Bank LtdFinancial Services4.04%

National Aluminium Co LtdCapital Goods3.85%

Hero MotoCorp LtdConsumers3.70%

FSN E-Commerce Ventures LtdConsumers3.60%

Fund House Management

The asset management company’s track record, AUM scale, and fund manager credentials.

Fund Manager Track Record

Karthik Kumar

Karthik Kumar has experience of 3 years. Manages 25 funds at Axis Asset Management Company Limited with an AUM of approximately ₹1,198 Cr

24 years

Combined Team Experience

₹ 2,396 Cr

Assets Under Management

Nandik Mallik

Co-Portfolio Manager

Mr. Nandik Mallik has experience of 21 years. Manages 12 funds at Axis Asset Management Company Limited with an AUM of approximately ₹1,198 Cr Holds a B.Tech degree.

CW Expert Take

Axis operates with entrepreneurial agility despite institutional backing. Their investment philosophy emphasizes quality compounding in equities and prudent credit selection in debt. The fund house has built focused expertise rather than chasing asset gathering, resulting in concentrated portfolios with high-conviction ideas.

Firm Overview

Total AUM₹3,61,984.16 Cr

Investment Philosophy & Approach

Disciplined Approach

Axis AMC follows a disciplined investment approach focused on rigorous research.

Risk Management

Risk management is embedded in the investment process through robust controls.

Long-Term Perspective

The fund house maintains a long-term perspective in portfolio construction.

Operational & Regulatory Details

What it costs to invest, transaction mechanics, and regulatory disclosures you should know.

Costs and Fees

Total Expense Ratio (TER)2.26%

Regulatory & Tax Information

INF846K010Z1

ISIN

DailyDealing Frequency

LTCG | >1Year 12.5%% on gain above 1.25 Lakh

STCG | <1Year 20%%

Tax Implications (India)