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Axis MF has recently launched Axis Momentum Fund, an open-ended equity scheme following the momentum theme.
The fund aims to generate long-term capital appreciation for investors from a portfolio of equity and equity related securities based on the momentum theme.
In its press release, the fund house said that the fund will follow a model-driven approach which will filter the securities based on availability of past data and liquidity and will evaluate them based on price momentum trends. The evaluation will also integrate risk metrics along with strong price momentum to balance exposure.
B Gopkumar, MD & CEO, Axis MF said, “India’s evolving economy presents distinct opportunities for those who can effectively leverage market trends. By harnessing the power of momentum investing, we aim to unlock new avenues for growth, offering our investors a differentiated approach to achieve their financial goals.”
Ashish Gupta, CIO, Axis MF said, “The fund employs a robust risk management framework that combines quantitative screens, advanced technical indicators, and rigorous fundamental analysis to identify high-conviction opportunities. Our portfolio construction process focuses on sector diversification to mitigate systemic risks, while maintaining a strict risk-to-reward ratio for each position. We have designed this fund to serve as both a standalone investment vehicle and a powerful portfolio diversification tool, particularly valuable in today's market where sector leadership and growth drivers are constantly evolving.”
The fund will be benchmarked against Nifty 500 TRI and will be managed by Karthik Kumar and Mayank Hyanki.
