Axis Momentum Fund vs HDFC Pharma and Healthcare Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Momentum Fund is a Thematic fund and HDFC Pharma and Healthcare Fund is a Thematic fund. In the year to 30-10-2026, Axis Momentum Fund (Direct) returned −8.6% and HDFC Pharma and Healthcare Fund (Direct) returned 23.1%. Axis Momentum Fund charges 2.23% a year and HDFC Pharma and Healthcare Fund 1.05% (Direct plans). Their portfolios overlap 5.5%: they hold 5 of the same securities.
HDFC Pharma and Healthcare Fund
Thematic
- 1 year return
- 23.1%
- Expense ratio
- 1.05%
- NAV
- ₹21.95
Which is better, Axis Momentum or HDFC Pharma and Healthcare? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- HDFC Pharma and Healthcare returned more over 1 year: 23.1% against −8.6%.
- HDFC Pharma and Healthcare costs less: 1.05% a year against 2.23% (Direct plans).
- HDFC Pharma and Healthcare fell less in its worst fall since 18-12-2024: −14.9% against −21.5%.
- HDFC Pharma and Healthcare is the larger fund: ₹3,501 Cr against ₹841 Cr.
- Their portfolios overlap 5.5%: 5 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 | HDFC Pharma and Healthcare Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | HDFC Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹841 Cr (30-09-2026) | ₹3,501 Cr (30-09-2026) |
| NAV | ₹8.64 (Direct) | ₹21.95 (Direct) |
| Expense ratio (Direct) | 2.23% | 1.05% |
| Expense ratio (Regular) | 3.61% | 2.13% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | BSE Healthcare TRI |
| Launch date | 12-12-2024 | 04-10-2023 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Mallik | Nikhil Mathur, Gopal Agrawal, Bhagyesh Kagalkar |
| Exit load | For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months | In respect of each purchase/switch-in of units, an Exit load of 1% is payable if units are redeemed /switched-out within 30 days from the date of allotment. No Exit Load is payable if units are redeemed / switched out after 30 days from the date of allotment. |
Axis Momentum vs HDFC Pharma and Healthcare: 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% | -- | -- | -- |
| HDFC Pharma and Healthcare Fund (Direct) | +0.04% | +0.83% | +16.68% | +23.12% | +30.53% | -- | -- |
| Thematic average | −2.09% | −4.52% | +0.86% | −1.22% | +13.76% | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Momentum vs HDFC Pharma and Healthcare: Year-wise Returns
| Year | Axis MomentumAxis Momentum | HDFC Pharma and HealthcareHDFC Pharma and Healthcare |
|---|---|---|
| 2026to date | −9.05% | +23.99% |
| 2025 | −3.16% | +2.42% |
| 2024 | -- | +52.22% |
Axis Momentum vs HDFC Pharma and Healthcare: 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, 215 of them, one for each trading day from 18-12-2025 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)
HDFC Pharma and Healthcare Fund (Direct)
Nifty 500 TRI
to
Jan 2026Mar 2025
to
Mar 2026Apr 2025
to
Apr 2026Jun 2025
to
Jun 2026Aug 2025
to
Aug 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 | 51.2 | 26.5 | 11.2 | 9.8 | 1.4 | 0.0 | 0.0 | 1.0% | −0.2% | −12.0% | 16.9% | 22% |
| HDFC Pharma and Healthcare | 0.0 | 9.9 | 11.8 | 10.4 | 18.4 | 32.5 | 17.0 | 17.7% | 19.9% | 1.7% | 30.4% | 81% |
| Nifty 500 TRI | 27.4 | 31.6 | 28.4 | 9.3 | 3.3 | 0.0 | 0.0 | 3.6% | 2.8% | −9.0% | 17.6% | -- |
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 18-12-2024. Past returns do not promise future returns.
Axis Momentum vs HDFC Pharma and Healthcare: 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 18-12-2024 to 30-10-2026: 23 instalments, ₹2,30,000 in all.
| Investment | Invested | Value now | Gain | Return a year |
|---|---|---|---|---|
| Axis MomentumAxis Momentum Fund (Direct) | ₹2,30,000 | ₹2,20,061 | −₹9,939 | −4.4% |
| HDFC Pharma and HealthcareHDFC Pharma and Healthcare Fund (Direct) | ₹2,30,000 | ₹2,82,321 | ₹52,321 | 22.2% |
Axis MomentumAxis Momentum Fund (Direct)
HDFC Pharma and HealthcareHDFC Pharma and Healthcare Fund (Direct)
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 HDFC Pharma and Healthcare: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Momentum Fund (Direct) | HDFC Pharma and Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.57% | +23.12% |
| Standard deviation | 16.60% | 13.67% |
| Sharpe ratio | -0.83 | 1.31 |
| Sortino ratio | -1.12 | 1.93 |
| Maximum drawdown | −15.9% (23-03-2026) | −9.8% (23-10-2026) |
| Beta | 1.06 | 0.95 |
| Alpha | −0.43% | +11.09% |
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) | HDFC Pharma and Healthcare Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.09% | +29.32% |
| Standard deviation | 16.97% | 13.98% |
| Sharpe ratio | -0.75 | 1.66 |
| Sortino ratio | -0.99 | 2.38 |
| Maximum drawdown | −21.5% (04-03-2025) | −14.9% (28-02-2025) |
| Beta | 1.10 | 0.95 |
| Alpha | −4.92% | +8.51% |
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)
HDFC Pharma and Healthcare Fund (Direct)
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) | −21.5% | 02-01-2025 | 04-03-2025 | Not yet | -- | −13.5% |
| HDFC Pharma and Healthcare Fund (Direct) | −14.9% | 02-01-2025 | 28-02-2025 | 04-07-2025 | 4 months | −4.1% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 18-12-2024, 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)
HDFC Pharma and Healthcare Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Momentum Fund (Direct) | 109% | 140% | 7.15% |
| HDFC Pharma and Healthcare Fund (Direct) | 119% | 55% | 12.39% |
From month-end values since 18-12-2024. 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 HDFC Pharma and Healthcare: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Momentum Fund, September 2026; HDFC Pharma and Healthcare Fund, September 2026
Holdings in common
- Overlap
- 5.5%
- Held by both
- 5
- Only in Axis Momentum
- 41
- Only in HDFC Pharma and Healthcare
- 33
| Security | % of Axis Momentum | % of HDFC Pharma and Healthcare |
|---|---|---|
| Max Healthcare Institute Limited | 2.17% | 3.61% |
| Sai Life Sciences Limited | 4.08% | 1.58% |
| Thyrocare Technologies Limited | 0.76% | 1.10% |
| Glenmark Pharmaceuticals Limited | 0.56% | 2.09% |
| Metropolis Healthcare Limited | 0.45% | 1.67% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 5.5% means 5.5% 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 |
|---|---|
| RBL Bank Limited | 5.06% |
| P N Gadgil Jewellers Limited | 4.98% |
| Laurus Labs Limited | 4.74% |
| Navin Fluorine International Limited | 4.36% |
| The Federal Bank Limited | 3.40% |
Largest holdings only in HDFC Pharma and Healthcare Fund
| Security | % of fund |
|---|---|
| Divis Laboratories Ltd. | 9.39% |
| Sun Pharmaceutical Industries Ltd. | 8.28% |
| Alkem Laboratories Ltd. | 4.64% |
| Cipla Ltd. | 4.15% |
| Apollo Hospitals Enterprise Ltd. | 3.69% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Momentum | HDFC Pharma and Healthcare |
|---|---|---|
| Equity | 90.0% | 96.8% |
| Debt | 2.4% | 0.0% |
| Cash and others | 7.7% | 3.2% |
Market cap of stocks
| Market cap | Axis Momentum | HDFC Pharma and Healthcare |
|---|---|---|
| Large Cap | 24.7% | 29.2% |
| Mid Cap | 27.2% | 30.1% |
| Small Cap | 38.1% | 32.5% |
| Not on AMFI's list | 0.0% | 5.0% |
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 | HDFC Pharma and Healthcare |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.4% | 71.3% |
| Healthcare Services | 3.4% | 22.1% |
| Banks | 14.7% | 0.0% |
| Industrial Products | 10.5% | 0.0% |
| Finance | 8.0% | 0.0% |
| Auto Components | 5.3% | 0.0% |
| Consumer Durables | 5.0% | 0.0% |
| Retailing | 2.8% | 1.0% |
| Healthcare Equipment & Supplies | 0.0% | 2.4% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Momentum vs HDFC Pharma and Healthcare: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Momentum Fund | HDFC Pharma and Healthcare Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.23% | 1.05% |
| Base expense ratio (Direct) | 0.78% | 0.71% |
| Total expense ratio (Regular) | 3.61% | 2.13% |
| Base expense ratio (Regular) | 2.00% | 1.65% |
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
Compare Axis Momentum with
Axis Momentum Fund vs HDFC Pharma and Healthcare Fund: Frequently Asked Questions
What is the difference between Axis Momentum Fund and HDFC Pharma and Healthcare Fund?
Axis Momentum Fund is a Thematic fund, HDFC Pharma and Healthcare Fund is a Thematic fund, run by Axis Mutual Fund and HDFC Mutual Fund. Their portfolios overlap 5.5%. Axis Momentum Fund charges 2.23% a year and HDFC Pharma and Healthcare Fund 1.05%.
Which has given higher returns, Axis Momentum Fund or HDFC Pharma and Healthcare Fund?
Over 1 year: Axis Momentum Fund −8.57%, HDFC Pharma and Healthcare Fund +23.12%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Momentum Fund or HDFC Pharma and Healthcare Fund?
HDFC Pharma and Healthcare Fund charges less: 1.05% a year against 2.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Momentum Fund and HDFC Pharma and Healthcare Fund overlap?
5.5%. They hold 5 of the same securities, the largest shared ones being MAXHEALTH, SAILIFE, THYROCARE. From each fund's latest monthly portfolio.
Which is riskier, Axis Momentum Fund or HDFC Pharma and Healthcare Fund?
On SEBI's riskometer, Axis Momentum Fund is rated Very High and HDFC Pharma and Healthcare Fund Very High. Over 1 years, the standard deviation of daily returns was 16.60% and 13.67% a year.
Can I invest in both Axis Momentum Fund and HDFC Pharma and Healthcare Fund?
Yes. 5.5% of each fund's money sits in the same holdings, so the two hold mostly different investments.
Who manages Axis Momentum Fund and HDFC Pharma and Healthcare Fund?
Axis Momentum Fund: Nandik Mallik. HDFC Pharma and Healthcare Fund: Nikhil Mathur, Gopal Agrawal, Bhagyesh Kagalkar.
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.