Axis Momentum Gr

All Cap

Diversified

Equity

India Growth

Others

Emotionally driven

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 Reg Gr is an equity fund which captures India's broad-based earnings growth through a multi-cap portfolio construction, deploying capital across financials, industrials, and consumer sectors 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 market cycles.

Differentiated Construction

The portfolio's differentiated construction, with a bias towards large-cap industrials and financials like Reliance Industries and HDFC Bank, coupled with a dynamic allocation to growth sectors like healthcare, sets it apart from peers.

Cyclical Upside Potential

With exposure to cyclical sectors poised to benefit from an anticipated capex revival and earnings momentum, and reasonable valuations relative to history, the strategy could participate in the next earnings upcycle.

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 Gr

Benchmark Index

Benchmark Performance Comparison

Axis Momentum Fund

NIFTY 50

Given the product’s limited performance history, the assessment considers the fund house’s track record and the historical performance of comparable strategies managed by the same fund house, which follow similar investment approaches. Such comparisons provide historical context only and do not represent the performance of the new product or indicate its future returns.

Risk Profile

Standard Deviation17.8%

Sharpe Ratio-0.07

Detailed Risks

Market Risk

Potential recession triggering demand contraction could undermine earnings momentum; mitigated by sector diversification.

Liquidity Risk

Volatility spikes could impair exits from mid-cap holdings; mitigated by large-cap weighting.

Concentration Risk

Concentrated mid-cap exposure (297.67%) risks earnings disappointments; diversification limits downside impact.

Specific Strategy Risk

Regulatory changes affecting key sectors could disrupt momentum strategy; monitoring mechanisms embedded.

Strategy Details

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

Core Investment Theme

Captures India's economic momentum through a dynamic, multi-cap approach. By investing across market capitalizations without constraints, this strategy can rotate capital toward the best opportunities—whether that's defensiveness in large caps or growth capture in smaller companies. The impact is a flexible portfolio that can adapt to changing market conditions.

Broader Market View

Market Outlook

Equity markets appear to be entering a recovery phase following the recent correction, with consumption and earnings normalization supporting an attractive entry point. Sectors like consumer discretionary, financials, and technology stand to benefit from reviving domestic demand, capex revival, and credit growth, though risks such as margin pressures remain.

Why This Strategy is Attractive Now

This strategy seems well-positioned for the current environment with balanced exposure across consumer cyclicals, defensives, financials, and technology. The portfolio's diversification across around 70 holdings, including market leaders, coupled with a moderate risk profile, suggests an ability to participate in the recovery while mitigating downside risks through flexibility.

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 growth prospects.

Why it Makes Sense

In the current environment of moderating economic growth and elevated uncertainty, a Quality Growth approach can provide exposure to companies with resilient business models, pricing power, and the ability to compound earnings through cycles.

High-Level Investment Process

Sourcing: The strategy appears to seek companies with sustainable competitive advantages, strong balance sheets, and attractive growth runways, sourced through fundamental research and industry expertise. Selection: The selection process suggests a preference for businesses with durable pricing power, high returns on capital, and the ability to reinvest cash flows at attractive rates, while maintaining valuation discipline. Construction: Portfolio construction is consistent with a focus on risk management through diversification across sectors and market capitalizations, with position sizes reflecting conviction levels and risk/reward assessments.

Portfolio Holdings Overview

SectoralAllocation

Services18.39%

Capital Goods26.81%

Financial Services29.66%

Consumers18.49%

Energy & Infra4.7%

Technology1.95%

Geographic Allocation

Domestic100%

Top Stock Holdings

CompanySectorAllocation

P N Gadgil Jewellers LtdConsumers4.51%

RBL Bank LtdFinancial Services4.37%

Navin Fluorine International LtdCapital Goods4.20%

Laurus Labs LtdServices4.20%

Sai Life Sciences LtdServices3.57%

The Federal Bank LtdFinancial Services3.49%

Craftsman Automation LtdConsumers3.19%

Apollo Hospitals Enterprise LtdServices3.17%

Radico Khaitan LtdConsumers2.93%

BSE LtdFinancial Services2.91%

Fund House Management

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

Fund Manager Track Record

Nandik Mallik

Lead Portfolio Manager

Mr. Nandik Mallik has experience of 22 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.

22 years

Combined Team Experience

₹ 1,198 Cr

Assets Under Management

Firm Overview

AMCAxis Asset Management Company Limited

Total AUM₹3,61,984.16 Cr

Investment Professionals49+

Global Offices250 Cities

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 adopts a long-term perspective in capital allocation decisions.

Operational & Regulatory Details

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

Costs and Fees

Total Expense Ratio (TER)4.06%

Regulatory & Tax Information

INF846K010Z1

ISIN

DailyDealing Frequency

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

STCG | <1Year 20%%

Tax Implications (India)