2 Min Read
Axis Mutual Fund has introduced the Axis Momentum Fund, an open-ended equity scheme leveraging the momentum investment strategy. The New Fund Offer (NFO) opened on November 22, 2024, and will close on December 6, 2024.
The fund aims to generate long-term capital appreciation by investing in equity and equity-related securities with strong price momentum.
The scheme employs a structured, model-driven approach to identify high-momentum stocks across sectors. It evaluates securities based on price momentum trends while integrating risk metrics to maintain a balanced portfolio.
The investment process includes sector diversification, minimising concentration risks, and optimising position sizes for better performance and risk control.
B Gopkumar, MD & CEO of Axis Mutual Fund, described momentum investing as highly relevant in India, where rapid sectoral shifts and evolving market trends create sustained opportunities.
Ashish Gupta, CIO of Axis Mutual Fund, highlighted the fund’s robust risk management framework, combining advanced technical indicators, quantitative screens, and rigorous analysis.
He noted that the fund is designed for both standalone investments and as a diversification tool for portfolios.
The Axis Momentum Fund is benchmarked against the NIFTY 500 TRI and will be managed by Karthik Kumar and Mayank Hyanki.
Key features include agile portfolio rebalancing, sector risk mitigation, and a disciplined strategy to capture stocks with strong upward trends.
Investors seeking a data-driven approach to momentum investing can participate in the NFO to explore new growth opportunities, as per the fund house.
The fund aims to generate long-term capital appreciation by investing in equity and equity-related securities with strong price momentum.
The scheme employs a structured, model-driven approach to identify high-momentum stocks across sectors. It evaluates securities based on price momentum trends while integrating risk metrics to maintain a balanced portfolio.
The investment process includes sector diversification, minimising concentration risks, and optimising position sizes for better performance and risk control.
B Gopkumar, MD & CEO of Axis Mutual Fund, described momentum investing as highly relevant in India, where rapid sectoral shifts and evolving market trends create sustained opportunities.
Ashish Gupta, CIO of Axis Mutual Fund, highlighted the fund’s robust risk management framework, combining advanced technical indicators, quantitative screens, and rigorous analysis.
He noted that the fund is designed for both standalone investments and as a diversification tool for portfolios.
The Axis Momentum Fund is benchmarked against the NIFTY 500 TRI and will be managed by Karthik Kumar and Mayank Hyanki.
Key features include agile portfolio rebalancing, sector risk mitigation, and a disciplined strategy to capture stocks with strong upward trends.
Investors seeking a data-driven approach to momentum investing can participate in the NFO to explore new growth opportunities, as per the fund house.
First Published: Nov 22, 2024 4:40 PM IST
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