Axis Momentum Fund vs Groww Nifty 500 Momentum 50 ETF
Direct Plan where a fund has one, Growth option · Data as on 30-10-2026
Axis Momentum Fund is a Thematic fund and Groww Nifty 500 Momentum 50 ETF is an ETF fund. In the year to 30-10-2026, Axis Momentum Fund (Direct) returned −8.6% and Groww Nifty 500 Momentum 50 ETF returned −4.4%. Axis Momentum Fund charges 2.23% a year and Groww Nifty 500 Momentum 50 ETF 0.81%. Their portfolios overlap 36.1%: they hold 22 of the same securities.
Groww Nifty 500 Momentum 50 ETF
ETF
- 1 year return
- −4.4%
- Expense ratio
- 0.81%
- NAV
- ₹10.33
Which is better, Axis Momentum or Groww Nifty 500 Momentum 50 ETF? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Groww Nifty 500 Momentum 50 ETF returned more over 1 year: −4.4% against −8.6%.
- Groww Nifty 500 Momentum 50 ETF costs less: 0.81% a year against 2.23%.
- Axis Momentum fell less in its worst fall since 23-04-2025: −15.9% against −17.3%.
- Groww Nifty 500 Momentum 50 ETF holds more in large companies: 42.9% of the fund in large caps against 24.7%.
- Axis Momentum is the larger fund: ₹841 Cr against ₹29 Cr.
- Their portfolios overlap 36.1%: 22 of the same holdings.
Past returns do not promise future returns. This page is information, not investment advice.
Key facts
From each fund's scheme summary document and AMFI
| Fact | Axis Momentum Fund | Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Fund house | Axis Mutual Fund | Groww Mutual Fund |
| Category | Thematic | ETF |
| AUM | ₹841 Cr (30-09-2026) | ₹29 Cr (30-09-2026) |
| NAV | ₹8.64 (Direct) | ₹10.33 |
| Expense ratio (Direct) | 2.23% | Not available |
| Expense ratio (Regular) | 3.61% | Not available |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 Momentum 50 TRI |
| Launch date | 12-12-2024 | 22-04-2025 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandik Mallik | Aakash Chauhan, Nikhil Satam, Shashi Kumar |
| Exit load | For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months | Nil |
Axis Momentum vs Groww Nifty 500 Momentum 50 ETF: Returns Comparison
Returns as on 30-10-2026. Up to one year they are absolute returns. Longer periods are a rate per year.
| Fund | 1M | 3M | 6M | 1Y | 3Y | 5Y | 10Y |
|---|---|---|---|---|---|---|---|
| Axis Momentum Fund (Direct) | −1.82% | −4.32% | −4.95% | −8.57% | -- | -- | -- |
| Groww Nifty 500 Momentum 50 ETF | −2.42% | −1.57% | −0.24% | −4.36% | -- | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Momentum vs Groww Nifty 500 Momentum 50 ETF: Year-wise Returns
| Year | Axis MomentumAxis Momentum | Groww Nifty 500 Momentum 50 ETFGroww Nifty 500 Momentum 50 ETF |
|---|---|---|
| 2026to date | −9.05% | −2.04% |
| 2025 | −3.16% | -- |
Axis Momentum vs Groww Nifty 500 Momentum 50 ETF: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis Momentum Fund
Rolling returns
Every 1-year holding period, 130 of them, one for each trading day from 23-04-2026 to 30-10-2026: the yearly return (CAGR) of each, plotted on the day it ended. One lucky or unlucky start day cannot flatter or hide a fund.
Axis Momentum Fund (Direct)
Groww Nifty 500 Momentum 50 ETF
Nifty 500 TRI
to
May 2026Jun 2025
to
Jun 2026Jul 2025
to
Jul 2026Aug 2025
to
Aug 2026Sept 2025
to
Sept 2026Oct 2025
to
Oct 2026
How the periods spread
| Fund | Below 0% | 0-5% | 5-10% | 10-15% | 15-20% | 20-25% | Above 25% | Mean | Median | Lowest | Highest | Beat benchmark |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Axis Momentum | 66.9 | 32.3 | 0.8 | 0.0 | 0.0 | 0.0 | 0.0 | −1.8% | −1.9% | −12.0% | 5.4% | 16% |
| Groww Nifty 500 Momentum 50 ETF | 37.2 | 41.1 | 20.2 | 1.6 | 0.0 | 0.0 | 0.0 | 1.6% | 1.2% | −9.4% | 11.1% | 53% |
| Nifty 500 TRI | 40.8 | 47.7 | 11.5 | 0.0 | 0.0 | 0.0 | 0.0 | 0.5% | 0.5% | −9.0% | 6.8% | -- |
The table shows the % of periods in each return band; a darker cell holds more of them. Lumpsum: the yearly rate (CAGR) from a period's first NAV to its last. SIP: the XIRR of the monthly instalments. The benchmark is Nifty 500 TRI, over the same periods. "Beat benchmark" counts the periods in which the fund did better. Every fund is measured over the days all of them have, from 23-04-2025. Past returns do not promise future returns.
Axis Momentum vs Groww Nifty 500 Momentum 50 ETF: SIP and Lumpsum Returns
What the same monthly or one-time investment would be worth in each fund today, from their own NAV history
Growth of an investment
₹10,000 on the first trading day of every month, from 01-04-2025 to 30-10-2026: 19 instalments, ₹1,90,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis MomentumAxis Momentum Fund (Direct) | ₹1,90,000 | ₹1,81,585 | −₹8,415 | −5.4% |
| Groww Nifty 500 Momentum 50 ETFGroww Nifty 500 Momentum 50 ETF | ₹1,90,000 | ₹1,88,219 | −₹1,781 | −1.1% |
Axis MomentumAxis Momentum Fund (Direct)
Groww Nifty 500 Momentum 50 ETFGroww Nifty 500 Momentum 50 ETF
Amount invested
From each plan's published NAV (Growth option), 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 vs Groww Nifty 500 Momentum 50 ETF: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Momentum Fund (Direct) | Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Return (CAGR) | −8.57% | −4.36% |
| Standard deviation | 16.60% | 19.59% |
| Sharpe ratio | -0.83 | -0.49 |
| Sortino ratio | -1.12 | -0.67 |
| Maximum drawdown | −15.9% (23-03-2026) | −16.6% (23-03-2026) |
| Beta | 1.06 | 1.00 |
| Alpha | −0.43% | −0.76% |
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 and alpha compare each fund with its own benchmark's TRI.
| Measure | Axis Momentum Fund (Direct) | Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Return (CAGR) | −7.09% | +1.29% |
| Standard deviation | 16.97% | 17.96% |
| Sharpe ratio | -0.75 | -0.23 |
| Sortino ratio | -0.99 | -0.31 |
| Maximum drawdown | −21.5% (04-03-2025) | −17.3% (23-03-2026) |
| Beta | 1.10 | 1.00 |
| Alpha | −4.92% | −0.81% |
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 and alpha compare each fund with its own benchmark's TRI.
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.
Axis Momentum Fund (Direct)
Groww Nifty 500 Momentum 50 ETF
Nifty 500 TRI
| Fund | Worst fall | High before it | Bottom | Back at the high | Time to climb back | Below its high today |
|---|---|---|---|---|---|---|
| Axis Momentum Fund (Direct) | −15.9% | 17-11-2025 | 23-03-2026 | Not yet | -- | −10.4% |
| Groww Nifty 500 Momentum 50 ETF | −17.3% | 26-06-2025 | 23-03-2026 | 12-08-2026 | 5 months | −8.1% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 23-04-2025, the first day every fund has.
Rolling standard deviation
Whether the swings have grown or calmed over time: the standard deviation of daily changes over every 1-year window, scaled to a year, plotted on the window's last day. Higher means a bumpier ride.
Axis Momentum Fund (Direct)
Groww Nifty 500 Momentum 50 ETF
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Momentum Fund (Direct) | 110% | 119% | 4.05% |
| Groww Nifty 500 Momentum 50 ETF | 141% | 133% | 8.06% |
From month-end values since 23-04-2025. Up capture: a fund's average month when the benchmark rose, as % of the benchmark's; above 100% it gained more. Down capture: the same for months the benchmark fell; below 100% it fell less. Tracking error: how far the monthly returns strayed from the benchmark's, a year; an index fund aims near 0.
Axis Momentum vs Groww Nifty 500 Momentum 50 ETF: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Momentum Fund, September 2026; Groww Nifty 500 Momentum 50 ETF, September 2026
Holdings in common
- Overlap
- 36.1%
- Held by both
- 22
- Only in Axis Momentum
- 24
- Only in Groww Nifty 500 Momentum 50 ETF
- 28
| Security | % of Axis Momentum | % of Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Laurus Labs Limited | 4.74% | 6.16% |
| The Federal Bank Limited | 3.40% | 3.54% |
| BSE Limited | 3.00% | 4.01% |
| Shriram Finance Limited | 2.63% | 4.87% |
| CG Power and Industrial Solutions Limited | 2.23% | 2.86% |
| Welspun Corp Limited | 2.75% | 2.16% |
| Ather Energy Limited | 2.37% | 2.10% |
| Bharat Forge Limited | 2.06% | 3.01% |
| Navin Fluorine International Limited | 4.36% | 1.57% |
| Cummins India Limited | 1.41% | 4.32% |
| Kirloskar Oil Engines Limited | 1.37% | 1.45% |
| Karur Vysya Bank Limited | 2.41% | 1.34% |
| KEI Industries Limited | 1.32% | 1.34% |
| Aditya Birla Capital Limited | 2.90% | 1.27% |
| Sai Life Sciences Limited | 4.08% | 1.03% |
| Polycab India Limited | 0.95% | 2.34% |
| Syrma SGS Technology Limited | 2.65% | 0.80% |
| Craftsman Automation Limited | 3.24% | 0.76% |
| Glenmark Pharmaceuticals Limited | 0.56% | 1.66% |
| ABB India Limited | 0.48% | 1.74% |
| RBL Bank Limited | 5.06% | 0.44% |
| R R Kabel Limited | 2.69% | 0.44% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 36.1% means 36.1% of each fund's money sits in positions the other also holds. Matched by ISIN. Cash and hedged positions are left out.
Largest holdings only in Axis Momentum Fund
| Security | % of fund |
|---|---|
| P N Gadgil Jewellers Limited | 4.98% |
| Radico Khaitan Limited | 3.11% |
| GMR Airports Limited | 3.00% |
| State Bank of India | 2.28% |
| Eternal Limited | 2.26% |
Largest holdings only in Groww Nifty 500 Momentum 50 ETF
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Ltd. | 5.87% |
| Hindalco Industries Limited | 4.87% |
| Adani Power Limited | 4.48% |
| GE Vernova T&D India Limited | 4.19% |
| Bharat Heavy Electricals Limited | 3.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Momentum | Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Equity | 90.0% | 99.9% |
| Debt | 2.4% | 0.0% |
| Cash and others | 7.7% | 0.1% |
Market cap of stocks
| Market cap | Axis Momentum | Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Large Cap | 24.7% | 42.9% |
| Mid Cap | 27.2% | 35.7% |
| Small Cap | 38.1% | 21.3% |
Share of the whole fund. Groups follow AMFI's latest list: Large Cap is the 100 largest companies, Mid Cap the next 150, Small Cap the rest.
Largest sectors
| Sector | Axis Momentum | Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Electrical Equipment | 3.8% | 17.8% |
| Banks | 14.7% | 6.1% |
| Pharmaceuticals & Biotechnology | 9.4% | 13.7% |
| Industrial Products | 10.5% | 12.6% |
| Capital Markets | 4.6% | 11.4% |
| Non - Ferrous Metals | 0.0% | 8.3% |
| Finance | 8.0% | 6.1% |
| Power | 0.0% | 7.6% |
| Auto Components | 5.3% | 4.2% |
| Consumer Durables | 5.0% | 0.0% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Momentum vs Groww Nifty 500 Momentum 50 ETF: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Momentum Fund | Groww Nifty 500 Momentum 50 ETF |
|---|---|---|
| Total expense ratio (Direct) | 2.23% | Not available |
| Base expense ratio (Direct) | 0.78% | 0.40% |
| Total expense ratio (Regular) | 3.61% | Not available |
| Base expense ratio (Regular) | 2.00% | 0.00% |
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, transaction costs, and levies with GST.
More comparisons
Each fund against the others of its category
Axis Momentum Fund vs Groww Nifty 500 Momentum 50 ETF: Frequently Asked Questions
What is the difference between Axis Momentum Fund and Groww Nifty 500 Momentum 50 ETF?
Axis Momentum Fund is a Thematic fund, Groww Nifty 500 Momentum 50 ETF is an ETF fund, run by Axis Mutual Fund and Groww Mutual Fund. Their portfolios overlap 36.1%. Axis Momentum Fund charges 2.23% a year and Groww Nifty 500 Momentum 50 ETF 0.81%.
Which has given higher returns, Axis Momentum Fund or Groww Nifty 500 Momentum 50 ETF?
Over 1 year: Axis Momentum Fund −8.57%, Groww Nifty 500 Momentum 50 ETF −4.36%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Momentum Fund or Groww Nifty 500 Momentum 50 ETF?
Groww Nifty 500 Momentum 50 ETF charges less: 0.81% a year against 2.23%. These are the total expense ratios reported to AMFI.
How much do Axis Momentum Fund and Groww Nifty 500 Momentum 50 ETF overlap?
36.1%. They hold 22 of the same securities, the largest shared ones being LAURUSLABS, FEDERALBNK, BSE. From each fund's latest monthly portfolio.
Which is riskier, Axis Momentum Fund or Groww Nifty 500 Momentum 50 ETF?
On SEBI's riskometer, Axis Momentum Fund is rated Very High and Groww Nifty 500 Momentum 50 ETF Very High. Over 1 years, the standard deviation of daily returns was 16.60% and 19.59% a year.
Can I invest in both Axis Momentum Fund and Groww Nifty 500 Momentum 50 ETF?
Yes. 36.1% of each fund's money sits in the same holdings, so some of the two investments would move together.
Who manages Axis Momentum Fund and Groww Nifty 500 Momentum 50 ETF?
Axis Momentum Fund: Nandik Mallik. Groww Nifty 500 Momentum 50 ETF: Aakash Chauhan, Nikhil Satam, Shashi Kumar.
Sources: NAV and expense ratio from AMFI. Holdings from each fund house's monthly portfolio statement. Fund facts from each scheme summary document.
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.