Axis Momentum Fund vs Kotak Nifty500 Momentum 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Momentum Fund is a Thematic fund and Kotak Nifty500 Momentum 50 Index Fund is an Index fund. Axis Momentum Fund charges 2.23% a year and Kotak Nifty500 Momentum 50 Index Fund 0.68% (Direct plans). Their portfolios overlap 36.1%: they hold 22 of the same securities.
Kotak Nifty500 Momentum 50 Index Fund
Index
- Expense ratio
- 0.68%
- NAV
- ₹9.75
Which is better, Axis Momentum or Kotak Nifty500 Momentum 50 Index? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- Kotak Nifty500 Momentum 50 Index costs less: 0.68% a year against 2.23% (Direct plans).
- Kotak Nifty500 Momentum 50 Index fell less in its worst fall since 18-12-2025: −14.4% against −15.3%.
- Kotak Nifty500 Momentum 50 Index 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 ₹27 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 | Kotak Nifty500 Momentum 50 Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Kotak Mahindra Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹841 Cr (30-09-2026) | ₹27 Cr (30-09-2026) |
| NAV | ₹8.64 (Direct) | ₹9.75 (Direct) |
| Expense ratio (Direct) | 2.23% | 0.68% |
| Expense ratio (Regular) | 3.61% | 1.00% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 Momentum 50 TRI |
| Launch date | 12-12-2024 | 11-12-2025 |
| Minimum investment | ₹100 | ₹100 |
| Lock in | None | None |
| Fund managers | Nandik Mallik | Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar |
| Exit load | For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months | NIL |
Axis Momentum vs Kotak Nifty500 Momentum 50 Index: 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% | -- | -- | -- |
| Kotak Nifty500 Momentum 50 Index Fund (Direct) | −2.40% | −1.52% | −0.23% | -- | -- | -- | -- |
| 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 Kotak Nifty500 Momentum 50 Index: Year-wise Returns
| Year | Axis MomentumAxis Momentum | Kotak Nifty500 Momentum 50 IndexKotak Nifty500 Momentum 50 Index |
|---|---|---|
| 2026to date | −9.05% | −2.03% |
| 2025 | −3.16% | -- |
Axis Momentum vs Kotak Nifty500 Momentum 50 Index: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of Axis Momentum Fund
Axis Momentum vs Kotak Nifty500 Momentum 50 Index: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Momentum Fund (Direct) | Kotak Nifty500 Momentum 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.09% | −2.21% |
| Standard deviation | 16.97% | 20.33% |
| Sharpe ratio | -0.75 | -0.37 |
| Sortino ratio | -0.99 | -0.50 |
| Maximum drawdown | −21.5% (04-03-2025) | −14.4% (23-03-2026) |
| Beta | 1.10 | 1.00 |
| Alpha | −4.92% | −0.69% |
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)
Kotak Nifty500 Momentum 50 Index 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) | −15.3% | 07-01-2026 | 23-03-2026 | Not yet | -- | −9.8% |
| Kotak Nifty500 Momentum 50 Index Fund (Direct) | −14.4% | 23-12-2025 | 23-03-2026 | 07-05-2026 | 45 days | −8.0% |
| Nifty 500 TRI | −14.7% | 02-01-2026 | 30-03-2026 | Not yet | -- | −8.4% |
From daily values since 18-12-2025, the first day every fund has.
Axis Momentum vs Kotak Nifty500 Momentum 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Momentum Fund, September 2026; Kotak Nifty500 Momentum 50 Index Fund, September 2026
Holdings in common
- Overlap
- 36.1%
- Held by both
- 22
- Only in Axis Momentum
- 24
- Only in Kotak Nifty500 Momentum 50 Index
- 28
| Security | % of Axis Momentum | % of Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| Laurus Labs Limited | 4.74% | 6.17% |
| The Federal Bank Limited | 3.40% | 3.55% |
| BSE Limited | 3.00% | 4.02% |
| 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% | 1.58% |
| 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 Kotak Nifty500 Momentum 50 Index Fund
| Security | % of fund |
|---|---|
| MULTI COMMODITY EXCHANGE OF INDIA LIMITED | 5.86% |
| Hindalco Industries Ltd. | 4.87% |
| ADANI POWER LTD | 4.48% |
| GE VERNOVA T&D INDIA LIMITED | 4.20% |
| Bharat Heavy Electricals Ltd. | 3.43% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Momentum | Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| 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 | Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| 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 | Kotak Nifty500 Momentum 50 Index |
|---|---|---|
| Electrical Equipment | 3.8% | 17.8% |
| Banks | 14.7% | 6.1% |
| Pharmaceuticals and Biotechnology | 0.0% | 13.7% |
| Industrial Products | 10.5% | 12.6% |
| Capital Markets | 4.6% | 11.4% |
| Pharmaceuticals & Biotechnology | 9.4% | 0.0% |
| 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 Kotak Nifty500 Momentum 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Momentum Fund | Kotak Nifty500 Momentum 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.23% | 0.68% |
| Base expense ratio (Direct) | 0.78% | 0.16% |
| Total expense ratio (Regular) | 3.61% | 1.00% |
| Base expense ratio (Regular) | 2.00% | 0.44% |
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 Kotak Nifty500 Momentum 50 Index Fund: Frequently Asked Questions
What is the difference between Axis Momentum Fund and Kotak Nifty500 Momentum 50 Index Fund?
Axis Momentum Fund is a Thematic fund, Kotak Nifty500 Momentum 50 Index Fund is an Index fund, run by Axis Mutual Fund and Kotak Mahindra Mutual Fund. Their portfolios overlap 36.1%. Axis Momentum Fund charges 2.23% a year and Kotak Nifty500 Momentum 50 Index Fund 0.68%.
Which has the lower expense ratio, Axis Momentum Fund or Kotak Nifty500 Momentum 50 Index Fund?
Kotak Nifty500 Momentum 50 Index Fund charges less: 0.68% a year against 2.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Momentum Fund and Kotak Nifty500 Momentum 50 Index Fund 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 Kotak Nifty500 Momentum 50 Index Fund?
On SEBI's riskometer, Axis Momentum Fund is rated Very High and Kotak Nifty500 Momentum 50 Index Fund Very High. Over their common history, the standard deviation of daily returns was 16.97% and 20.33% a year.
Can I invest in both Axis Momentum Fund and Kotak Nifty500 Momentum 50 Index Fund?
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 Kotak Nifty500 Momentum 50 Index Fund?
Axis Momentum Fund: Nandik Mallik. Kotak Nifty500 Momentum 50 Index Fund: Satish Dondapati, Abhishek Bisen, Jeetu Valechha Sonar.
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.