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News Axis Mutual Fund launches Axis Momentum Fund
Nov 22, 2024
Mutual Fund
Axis Mutual Fund launches Axis Momentum 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.)
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