Axis Momentum Fund

ThematicDirect and Regular plans, Growth and IDCW options

Data as on 30-10-2026

Axis Momentum Fund is a Thematic fund run by Axis Mutual Fund. On 30-09-2026, it managed ₹841 Cr of investors' money. In the year to 30-10-2026, its Direct plan returned −8.6% and its Regular plan returned −9.9%. Its benchmark, Nifty 500 TRI, returned −7.3% over the same year.

NAV (Direct plan): ₹8.64; ▼ 0.58%30-10-2026
NAV (Regular plan): ₹8.40; ▼ 0.47%30-10-2026
Expense ratio: 2.23%Direct3.61%Regular; 2.23%; A year
Riskometer: Very High; Set by the fund house
1 year return: −8.6%Direct−9.9%Regular; −8.6%; Total

Axis Momentum Fund NAV Today

NAV on 30-10-2026: Direct Plan Growth ₹8.64 (down 0.58% that day); Regular Plan Growth ₹8.40 (down 0.47% that day).

This fund (Direct plan)

₹8.64

Axis Momentum Fund Returns vs Nifty 500 TRI

Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.

Trailing returns
Period	1M	3M	6M	1Y	3Y	5Y	10Y
This fund (Direct)	−1.82%	−4.32%	−4.95%	−8.57%	--	--	--
This fund (Regular)	−1.87%	−4.65%	−5.62%	−9.87%	--	--	--
Nifty 500 TRI	−0.75%	−6.05%	−2.83%	−7.34%	+10.22%	+8.81%	+12.51%
Thematic average	−2.09%	−4.52%	+0.86%	−1.22%	--	--	--
Best in Thematic	+11.54%	+11.27%	+22.16%	+75.71%	--	--	--
Worst in Thematic	−16.05%	−11.74%	−13.97%	−22.44%	--	--	--
Rank in Thematic	104/235	91/232	188/232	165/215	--	--	--

Category rows compare the Direct plans of 235 Thematic funds. Rank 1 is the highest return.

Axis Momentum Fund Year-wise Returns

Return of each calendar year
Year	Direct	Regular	Nifty 500 TRI
2026to date	−9.05%	−10.06%	−7.51%
2025	−3.16%	−4.69%	+7.76%

Axis Momentum Fund Rolling Returns

The return of every holding period in the fund's history, not only the one that ends today

Rolling returns

Each point is the yearly return of one 1-year holding period, plotted on the day it ended. There are 215 periods, one for each trading day from 18-12-2025 to 30-10-2026.

−15%−10%−5%0%5%10%15%20%

Jan 2025
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 2026Oct 2025
to
Oct 2026

Axis Momentum Fund (Direct)Nifty 500 TRI

Every holding period at a glance

Period	Periods	Median	Lowest	Highest	With a loss	Benchmark median	Beat benchmark
1 year	215	−0.2%	−12.0%	16.9%	51%	2.8%	22%

Lumpsum: the yearly rate (CAGR) from the NAV on a period's first day to the NAV on its last. SIP: the XIRR of the monthly instalments and their value on the last day. "With a loss" counts the periods that ended below the money put in. "Beat benchmark" counts the periods in which the fund did better than Nifty 500 TRI over the same days. Past returns do not promise future returns.

Axis Momentum Fund Risk

How much it swings, and the falls an investor had to sit through

Risk and return

Measure	Axis Momentum Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−8.57%	−7.34%
Standard deviation	16.60%	14.48%
Sharpe ratio	-0.83	-0.87
Sortino ratio	-1.12	-1.16
Maximum drawdown	−15.9% (23-03-2026)	−14.7% (30-03-2026)
Beta	1.06	1.00
Alpha	−0.43%	0.00%

From daily NAVs, 30-10-2025 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Measure	Axis Momentum Fund (Direct)This fund	Nifty 500 TRI
Return (CAGR)	−7.09%	−1.49%
Standard deviation	16.97%	14.23%
Sharpe ratio	-0.75	-0.50
Sortino ratio	-0.99	-0.67
Maximum drawdown	−21.5% (04-03-2025)	−14.7% (30-03-2026)
Beta	1.10	1.00
Alpha	−4.92%	0.00%

From daily NAVs, 18-12-2024 to 30-10-2026. Standard deviation: how much the daily value swings, scaled to a year. Sharpe: return above the risk-free rate (NSE's overnight rate index) per unit of swing. Sortino: the same, counting only the falls. Beta: 1 moves with the benchmark, below 1 moves less. Alpha: return beyond what its beta explains, a year.

Drawdowns

How far below its previous high each one was on every day: the falls an investor had to sit through. 0% means it was at a new high.

−25%−20%−15%−10%−5%0%

20252026

Axis Momentum Fund (Direct)Nifty 500 TRI

	Worst fall	High before it	Bottom	Back at the high	Time to climb back	Below its high today
Axis Momentum Fund (Direct)	−21.5%	02-01-2025	04-03-2025	Not yet	--	−13.5%
Nifty 500 TRI	−14.7%	02-01-2026	30-03-2026	Not yet	--	−8.4%

From the Direct plan's daily NAV since 18-12-2024, adjusted for unit splits, and Nifty 500 TRI over the same days. "Time to climb back" runs from the bottom to the first day back at the old high.

Axis Momentum Fund vs Other Thematic Funds

The five Thematic funds with the best three year return, and this fund. Direct plans.

Fund name	Rank	AUM (Cr)	Exp. ratio	1Y return	3Y return	3Y alpha	3Y beta	3Y Sharpe	3Y Sortino
Nippon India Taiwan Equity Fund	1/133	1,147	1.08%	+75.71%	+54.78%	--	--	1.38	2.03	Compare
HDFC Defence Fund	2/133	11,493	0.90%	+13.79%	+34.76%	−0.18%	0.83	1.12	1.54	Compare
HDFC Pharma and Healthcare Fund	3/133	3,501	1.05%	+23.12%	+30.53%	+8.23%	0.96	1.74	2.49	Compare
SBI Healthcare Opportunities Fund	4/133	5,870	1.01%	+17.12%	+24.60%	+3.61%	0.88	1.42	2.03	Compare
Aditya Birla Sun Life International Equity Fund	5/133	352	2.00%	+13.97%	+24.46%	--	--	1.49	2.16	Compare
Axis Momentum Fund	165/215	841	2.23%	−8.57%	--	--	--	--	--

AUM is each fund's size at the end of its last reported month, from its own portfolio file. We calculate the risk ratios from daily NAVs over the last three years. The risk-free return is what NSE's overnight rate index earned over the same years. Alpha and beta compare each fund with its own benchmark's TRI. "--" means we have no figure: for alpha and beta, no daily series for that benchmark.

Axis Momentum Fund Expense Ratio and Costs

What each plan charges a year, in force from 22-10-2026

Plan	Base expense ratio	Brokerage	Transaction costs	Levies and GST	Total expense ratio	Thematic median	Cost rank (1 = cheapest)
Direct	0.78%	0.41%	0.00%	1.04%	2.23%	1.18%	228/235
Regular	2.00%	0.41%	0.00%	1.20%	3.61%	2.41%	231/235

The expense ratio comes out of the fund's assets every day, so every return on this page is already after it. Base expense ratio: the fund house's own fee. The total adds brokerage, the cost of executing trades, and statutory levies with GST. From AMFI's expense ratio file. Cost rank: where this plan comes when the Thematic funds' plans of the same type are sorted from the lowest total expense ratio to the highest.

Direct vs Regular: what the gap cost

Both plans own the same portfolio, so the difference in what they earned is the Regular plan's extra cost, taken out of its NAV.

Over the last	Regular	Direct	Direct earned more by	₹1 lakh became (Regular)	₹1 lakh became (Direct)
1 year	−9.87%	−8.57%	1.30%	₹90,130	₹91,430

Returns over more than 1 year are a rate a year (CAGR). ₹1 lakh invested once at the start of each period, valued on the last NAV.

Axis Momentum Fund SIP Calculator

What a one-time or monthly investment in this fund would be worth today, from its own NAV history

Growth of an investment

Every month₹

Step up each year

PeriodFor

₹10,000 on the first trading day of every month, from 18-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.

Investment	Invested	Value now	Gain	Return a year
Direct planAxis Momentum Fund (Direct)	₹2,30,000	₹2,20,061	−₹9,939	−4.4%
Regular planAxis Momentum Fund (Regular)	₹2,30,000	₹2,17,011	−₹12,989	−5.7%
Nifty 500 TRI	₹2,30,000	₹2,25,378	−₹4,622	−2.0%
Category averageCategory average, 235 Thematic funds	₹2,30,000	₹2,36,889	₹6,889	3.0%

₹0₹50,000₹1.0 L₹1.5 L₹2.0 L₹2.5 L

20252026

Direct planAxis Momentum Fund (Direct)Regular planAxis Momentum Fund (Regular)Nifty 500 TRICategory averageCategory average, 235 Thematic fundsAmount invested

From each plan's published NAV (Growth option), the benchmark's TRI and the category average, over the same days. Return a year: XIRR for a SIP, CAGR for a lumpsum, shown for a year or more. It does not include exit load, stamp duty or tax. Past returns do not promise future returns.

Axis Momentum Fund Asset Allocation

Asset allocation as on 30-09-2026

What the fund holds

90.0%Equity

Asset	Fund	Category
Equity	90.0%	94.5%
Cash and others	7.7%	4.0%
Debt	2.4%	1.5%

Market cap of stocks

Market cap	Fund	Category
Large Cap	24.7%	45.7%
Mid Cap	27.2%	19.6%
Small Cap	38.1%	24.1%

Share of the whole fund. Category: the average of the Thematic funds that hold stocks. Groups follow AMFI's latest list, as SEBI defines them: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.

Axis Momentum Fund Sector Allocation

Sector allocation of the fund's stocks as on 30-09-2026

Largest sectors

Banks14.7%
Industrial Products10.5%
Pharmaceuticals & Biotechnology9.4%
Finance8.0%
Auto Components5.3%
Consumer Durables5.0%
Capital Markets4.6%
Chemicals & Petrochemicals4.4%
Electrical Equipment3.8%
Healthcare Services3.4%

The ten largest of 19 sectors. The other 9 add up to 21.0%.

Sector changes

Sector	July 2026	August 2026	September 2026	Change
Banks	14.6%	14.1%	14.7%	+0.1%
Industrial Products	10.3%	11.5%	10.5%	+0.2%
Pharmaceuticals & Biotechnology	5.2%	8.3%	9.4%	+4.2%
Finance	7.7%	8.2%	8.0%	+0.3%
Auto Components	4.0%	5.3%	5.3%	+1.2%

Each sector's share of the fund at the end of each month. The five largest sectors of September 2026. Change: from July 2026 to September 2026, in % of the fund.

Axis Momentum Fund Portfolio Holdings

As on 30-09-2026 · 46 holdings · from the fund house's monthly portfolio

Holdings	Sector / Rating	Weight%	1M change
RBL Bank Limited	Banks	5.06%	0.0%
P N Gadgil Jewellers Limited	Consumer Durables	4.98%	0.0%
Laurus Labs Limited	Pharmaceuticals & Biotechnology	4.74%	0.0%
Navin Fluorine International Limited	Chemicals & Petrochemicals	4.36%	0.0%
Sai Life Sciences Limited	Pharmaceuticals & Biotechnology	4.08%	0.0%
The Federal Bank Limited	Banks	3.40%	0.0%
Craftsman Automation Limited	Auto Components	3.24%	0.0%
Radico Khaitan Limited	Beverages	3.11%	0.0%
BSE Limited	Capital Markets	3.00%	0.0%
GMR Airports Limited	Transport Infrastructure	3.00%	0.0%
Aditya Birla Capital Limited	Finance	2.90%	0.0%
Welspun Corp Limited	Industrial Products	2.75%	+21.4%
R R Kabel Limited	Industrial Products	2.69%	0.0%
Syrma SGS Technology Limited	Industrial Manufacturing	2.65%	0.0%
Shriram Finance Limited	Finance	2.63%	0.0%
Karur Vysya Bank Limited	Banks	2.41%	0.0%
Ather Energy Limited	Automobiles	2.37%	0.0%
State Bank of India	Banks	2.28%	0.0%
Eternal Limited	Retailing	2.26%	0.0%
CG Power and Industrial Solutions Limited	Electrical Equipment	2.23%	0.0%
Max Healthcare Institute Limited	Healthcare Services	2.17%	0.0%
Bharat Forge Limited	Auto Components	2.06%	0.0%
Billionbrains Garage Ventures Ltd	Capital Markets	1.64%	−25.0%
ICICI Bank Limited	Banks	1.57%	0.0%
Reliance Industries Limited	Petroleum Products	1.41%	0.0%
Cummins India Limited	Industrial Products	1.41%	−50.0%
Kirloskar Oil Engines Limited	Industrial Products	1.37%	0.0%
Bharti Airtel Limited	Telecom - Services	1.35%	0.0%
KEI Industries Limited	Industrial Products	1.32%	−16.7%
Ashok Leyland Limited	Agricultural, Commercial & Construction Vehicles	1.28%	0.0%
L&T Finance Limited	Finance	1.26%	0.0%
Tata Motors Ltd	Agricultural, Commercial & Construction Vehicles	1.25%	0.0%
Cholamandalam Investment and Finance Company Ltd	Finance	1.16%	0.0%
Siemens Limited	Electrical Equipment	1.11%	0.0%
Polycab India Limited	Industrial Products	0.95%	0.0%
Sobha Limited	Realty	0.92%	0.0%
Prestige Estates Projects Limited	Realty	0.79%	0.0%
Thyrocare Technologies Limited	Healthcare Services	0.76%	0.0%
364 Days Tbill (MD 23/10/2026) · Treasury bill	Sovereign	0.59%
91 Days Tbill (MD 29/10/2026) · Treasury bill	Sovereign	0.59%
91 Days Tbill (MD 15/10/2026) · Treasury bill	Sovereign	0.59%
364 Days Tbill (MD 12/11/2026) · Treasury bill	Sovereign	0.59%
FSN E-Commerce Ventures Limited	Retailing	0.57%	0.0%
Glenmark Pharmaceuticals Limited	Pharmaceuticals & Biotechnology	0.56%	0.0%
ABB India Limited	Electrical Equipment	0.48%	0.0%
Metropolis Healthcare Limited	Healthcare Services	0.45%	0.0%

Axis Momentum Fund Stocks Bought and Sold

All changes are between August 2026 and September 2026

Stocks bought and sold in September 2026

Apollo Hospitals Enterprise Limited	Sold out	−100%	was 3.17%
Cummins India Limited	Reduced	−50.0%	1.41%
Welspun Corp Limited	Added	+21.4%	2.75%
Fortis Healthcare Limited	Sold out	−100%	was 2.17%
Billionbrains Garage Ventures Ltd	Reduced	−25.0%	1.64%
KEI Industries Limited	Reduced	−16.7%	1.32%

A change is counted by the number of shares the fund holds, not by price. A stock can become a smaller part of the fund in a month when the fund bought more of it, if its price fell. Debt papers are left out.

What Axis Momentum Fund bought and sold

Axis Momentum Fund Portfolio Overlap

Funds with the most similar portfolios, across every fund house and category

Fund	Overlap	Holdings in common
Axis Nifty500 Momentum 50 Index FundIndex · Axis	36.1%	22	Compare
Motilal Oswal Nifty 500 Momentum 50 Index FundIndex · Motilal Oswal	36.1%	22	Compare
Kotak Nifty500 Momentum 50 Index FundIndex · Kotak Mahindra	36.1%	22	Compare
Motilal Oswal Nifty 500 Momentum 50 ETFETF · Motilal Oswal	36.1%	22	Compare
Groww Nifty 500 Momentum 50 ETFETF · Groww	36.1%	22	Compare
Nippon India Nifty 500 Momentum 50 Index FundIndex · Nippon India	36.1%	22	Compare
Bandhan Nifty 500 Momentum 50 Index FundIndex · Bandhan	35.6%	22	Compare
NJ Momentum FundThematic · NJ	32.9%	15	Compare

Overlap: for each holding both funds own, the smaller of its two weights, added up. 40% means 40% of each fund's money sits in positions the other also holds. From each fund's latest monthly portfolio, matched by ISIN. Cash and hedged positions are left out. Funds that overlap under 10% are not listed. A high overlap does not make two funds the same: their costs, lock-in and category can differ.

Axis Momentum Fund Overview

Fund facts from the scheme summary document, as on 16-10-2026

Expense ratio (Direct): 2.23%
Expense ratio (Regular): 3.61%
Category: Thematic
Risk: Very High
Benchmark: Nifty 500 TRI
Launch date: 12-12-2024
Minimum investment: ₹100
Minimum additional investment: ₹100
AUM: ₹841.17 Cr (30-09-2026)
Lock in: None
Scheme code (Direct): 153083
ISIN (Direct): INF846K011Z9
Scheme code (Regular): 153085
ISIN (Regular): INF846K010Z1
NAV history: From 18-12-2024, 1.9 years

Exit load: For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months

Tax on Axis Momentum Fund returns

Axis Momentum Fund is taxed as an equity fund: 65% or more of it is in Indian stocks.
Units sold within 1 year: the gain is taxed at 20%.
Units held longer: gains above ₹1.25 lakh in a financial year, across all your equity funds and shares, are taxed at 12.5%.
IDCW (dividend) payouts are added to your income and taxed at your slab rate.
A stamp duty of 0.005% is deducted when you invest.

Rules in force from 23-07-2024 (Finance Act 2024). Tax depends on your own income; this is general information, not tax advice.

All plans and options

Plan	Option	NAV	As on
direct	Growth	₹8.64	30-10-2026
direct	IDCW	₹8.64	30-10-2026
regular	Growth	₹8.40	30-10-2026
regular	IDCW	₹8.40	30-10-2026

About Axis Momentum Fund

Axis Momentum Fund is a mutual fund from Axis Mutual Fund. Its category is Thematic. It was launched on 12-12-2024. Its benchmark is Nifty 500 TRI. At the end of September 2026 it held 46 securities.

Fund Manager

Nandik Mallik
Fund manager of Axis Momentum Fund, since 06-03-2026

See all funds of Axis Mutual Fund

AUM change

September 2026: ₹841.17 Cr; −8.48% from August 2026
August 2026: ₹919.14 Cr; −2.66% from July 2026
July 2026: ₹944.21 Cr; −1.48% from June 2026

AUM moves with money invested or taken out, and with the value of what the fund holds.

Compare Axis Momentum Fund with Other Funds

Returns, risk, costs and the stocks they share, side by side

Axis Momentum vs Nippon India Taiwan EquityThematic
Axis Momentum vs HDFC DefenceThematic
Axis Momentum vs HDFC Pharma and HealthcareThematic
Axis Momentum vs SBI Healthcare OpportunitiesThematic
Axis Momentum vs Aditya Birla Sun Life International EquityThematic
Axis Momentum vs Axis Nifty500 Momentum 50 Index36.1% overlap
Axis Momentum vs Motilal Oswal Nifty 500 Momentum 50 Index36.1% overlap
Axis Momentum vs Kotak Nifty500 Momentum 50 Index36.1% overlap

Compare with any other fund

Frequently Asked Questions for Axis Momentum Fund

What is the current NAV of Axis Momentum Fund?

The Direct plan NAV is ₹8.64. The Regular plan NAV is ₹8.40, as on 30-10-2026.

What are the returns of Axis Momentum Fund?

The Direct plan returned −8.57% in 1 year. The Regular plan returned −9.87% in 1 year. These figures are as on 30-10-2026.

What is the expense ratio of Axis Momentum Fund?

The Direct plan charges 2.23% a year. The Regular plan charges 3.61% a year. This is the figure the fund house reported to AMFI, in force from 22-10-2026.

What is the AUM of Axis Momentum Fund?

Axis Momentum Fund managed ₹841.17 Cr on 30-09-2026, as its fund house reported in its monthly portfolio.

What are the top holdings of Axis Momentum Fund?

At the end of September 2026 the largest holdings were RBLBANK (5.06%), PNGJL (4.98%), LAURUSLABS (4.74%), NAVINFLUOR (4.36%), SAILIFE (4.08%). The fund held 46 securities in all.

What did Axis Momentum Fund buy and sell in September 2026?

It sold out of 2: Fortis Healthcare Limited, Apollo Hospitals Enterprise Limited. It added shares in 1. It reduced 3.

How do I invest in Axis Momentum Fund?

Through Axis Mutual Fund's website or app, a mutual fund distributor, or an investment platform. Choose the Direct plan to pay no distributor commission, or the Regular plan to invest through a distributor. The first investment is at least ₹100. You can invest once or through a monthly SIP.

Who is the fund manager of Axis Momentum Fund?

Nandik Mallik (since 06-03-2026).

Sources: NAV and expense ratio from AMFI. Holdings from the fund house's monthly portfolio statement. Fund facts from its scheme summary document, as on 16-10-2026.

This page is information, not investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past returns do not promise future returns. Figures come from AMFI, NSE, BSE and each fund house's own documents.