Axis Momentum Fund vs Motilal Oswal Nifty 500 Momentum 50 Index Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Momentum Fund is a Thematic fund and Motilal Oswal Nifty 500 Momentum 50 Index Fund is an Index fund. In the year to 30-10-2026, Axis Momentum Fund (Direct) returned −8.6% and Motilal Oswal Nifty 500 Momentum 50 Index Fund (Direct) returned −4.6%. Axis Momentum Fund charges 2.23% a year and Motilal Oswal Nifty 500 Momentum 50 Index Fund 0.79% (Direct plans). Their portfolios overlap 36.1%: they hold 22 of the same securities.
Motilal Oswal Nifty 500 Momentum 50 Index Fund
Index
- 1 year return
- −4.6%
- Expense ratio
- 0.79%
- NAV
- ₹7.99
Which is better, Axis Momentum or Motilal Oswal Nifty 500 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.
- Motilal Oswal Nifty 500 Momentum 50 Index returned more over 1 year: −4.6% against −8.6%.
- Motilal Oswal Nifty 500 Momentum 50 Index costs less: 0.79% a year against 2.23% (Direct plans).
- Axis Momentum fell less in its worst fall since 18-12-2024: −21.5% against −27.6%.
- Motilal Oswal Nifty 500 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 ₹785 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 | Motilal Oswal Nifty 500 Momentum 50 Index Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | Motilal Oswal Mutual Fund |
| Category | Thematic | Index |
| AUM | ₹841 Cr (30-09-2026) | ₹785 Cr (30-09-2026) |
| NAV | ₹8.64 (Direct) | ₹7.99 (Direct) |
| Expense ratio (Direct) | 2.23% | 0.79% |
| Expense ratio (Regular) | 3.61% | 1.39% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 Momentum 50 TRI |
| Launch date | 12-12-2024 | 24-09-2024 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandik Mallik | Swapnil Mayekar, Rakesh Shetty |
| Exit load | For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months | 1%- If redeemed on or before 15 days from the date of allotment. Nil- If redeemed after 15 days from the date of allotment. |
Axis Momentum vs Motilal Oswal Nifty 500 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% | -- | -- | -- |
| Motilal Oswal Nifty 500 Momentum 50 Index Fund (Direct) | −2.40% | −1.54% | −0.31% | −4.57% | -- | -- | -- |
| 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 Motilal Oswal Nifty 500 Momentum 50 Index: Year-wise Returns
| Year | Axis MomentumAxis Momentum | Motilal Oswal Nifty 500 Momentum 50 IndexMotilal Oswal Nifty 500 Momentum 50 Index |
|---|---|---|
| 2026to date | −9.05% | −2.15% |
| 2025 | −3.16% | −8.35% |
Axis Momentum vs Motilal Oswal Nifty 500 Momentum 50 Index: 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)
Motilal Oswal Nifty 500 Momentum 50 Index 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% |
| Motilal Oswal Nifty 500 Momentum 50 Index | 37.7 | 32.1 | 21.7 | 8.0 | 0.5 | 0.0 | 0.0 | 2.0% | 1.7% | −13.7% | 15.3% | 39% |
| 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 Motilal Oswal Nifty 500 Momentum 50 Index: 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% |
| Motilal Oswal Nifty 500 Momentum 50 IndexMotilal Oswal Nifty 500 Momentum 50 Index Fund (Direct) | ₹2,30,000 | ₹2,27,855 | −₹2,145 | −0.9% |
Axis MomentumAxis Momentum Fund (Direct)
Motilal Oswal Nifty 500 Momentum 50 IndexMotilal Oswal Nifty 500 Momentum 50 Index 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 Motilal Oswal Nifty 500 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) | Motilal Oswal Nifty 500 Momentum 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −8.57% | −4.57% |
| Standard deviation | 16.60% | 19.43% |
| Sharpe ratio | -0.83 | -0.51 |
| Sortino ratio | -1.12 | -0.69 |
| Maximum drawdown | −15.9% (23-03-2026) | −16.7% (23-03-2026) |
| Beta | 1.06 | 1.00 |
| Alpha | −0.43% | −0.95% |
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) | Motilal Oswal Nifty 500 Momentum 50 Index Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.09% | −10.04% |
| Standard deviation | 16.97% | 20.38% |
| Sharpe ratio | -0.75 | -0.77 |
| Sortino ratio | -0.99 | -1.03 |
| Maximum drawdown | −21.5% (04-03-2025) | −31.6% (07-04-2025) |
| Beta | 1.10 | 1.00 |
| Alpha | −4.92% | −0.68% |
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)
Motilal Oswal Nifty 500 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) | −21.5% | 02-01-2025 | 04-03-2025 | Not yet | -- | −13.5% |
| Motilal Oswal Nifty 500 Momentum 50 Index Fund (Direct) | −27.6% | 18-12-2024 | 07-04-2025 | Not yet | -- | −15.7% |
| 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)
Motilal Oswal Nifty 500 Momentum 50 Index Fund (Direct)
Nifty 500 TRI
Against Nifty 500 TRI
| Fund | Up capture | Down capture | Tracking error |
|---|---|---|---|
| Axis Momentum Fund (Direct) | 109% | 140% | 7.15% |
| Motilal Oswal Nifty 500 Momentum 50 Index Fund (Direct) | 130% | 154% | 10.38% |
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 Motilal Oswal Nifty 500 Momentum 50 Index: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Momentum Fund, September 2026; Motilal Oswal Nifty 500 Momentum 50 Index Fund, September 2026
Holdings in common
- Overlap
- 36.1%
- Held by both
- 22
- Only in Axis Momentum
- 24
- Only in Motilal Oswal Nifty 500 Momentum 50 Index
- 28
| Security | % of Axis Momentum | % of Motilal Oswal Nifty 500 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% | 2.87% |
| 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% | 4.33% |
| 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 Motilal Oswal Nifty 500 Momentum 50 Index Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 5.87% |
| Hindalco Industries Limited | 4.87% |
| Adani Power Limited | 4.48% |
| GE Vernova T&D India Limited | 4.20% |
| Bharat Heavy Electricals Limited | 3.44% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Momentum | Motilal Oswal Nifty 500 Momentum 50 Index |
|---|---|---|
| Equity | 90.0% | 100.0% |
| Debt | 2.4% | 0.0% |
| Cash and others | 7.7% | 0.0% |
Market cap of stocks
| Market cap | Axis Momentum | Motilal Oswal Nifty 500 Momentum 50 Index |
|---|---|---|
| Large Cap | 24.7% | 42.9% |
| Mid Cap | 27.2% | 35.7% |
| Small Cap | 38.1% | 21.4% |
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 | Motilal Oswal Nifty 500 Momentum 50 Index |
|---|---|---|
| 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 Motilal Oswal Nifty 500 Momentum 50 Index: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Momentum Fund | Motilal Oswal Nifty 500 Momentum 50 Index Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.23% | 0.79% |
| Base expense ratio (Direct) | 0.78% | 0.36% |
| Total expense ratio (Regular) | 3.61% | 1.39% |
| Base expense ratio (Regular) | 2.00% | 0.90% |
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 Motilal Oswal Nifty 500 Momentum 50 Index Fund: Frequently Asked Questions
What is the difference between Axis Momentum Fund and Motilal Oswal Nifty 500 Momentum 50 Index Fund?
Axis Momentum Fund is a Thematic fund, Motilal Oswal Nifty 500 Momentum 50 Index Fund is an Index fund, run by Axis Mutual Fund and Motilal Oswal Mutual Fund. Their portfolios overlap 36.1%. Axis Momentum Fund charges 2.23% a year and Motilal Oswal Nifty 500 Momentum 50 Index Fund 0.79%.
Which has given higher returns, Axis Momentum Fund or Motilal Oswal Nifty 500 Momentum 50 Index Fund?
Over 1 year: Axis Momentum Fund −8.57%, Motilal Oswal Nifty 500 Momentum 50 Index Fund −4.57%. As on 30-10-2026. Past returns do not promise future returns.
Which has the lower expense ratio, Axis Momentum Fund or Motilal Oswal Nifty 500 Momentum 50 Index Fund?
Motilal Oswal Nifty 500 Momentum 50 Index Fund charges less: 0.79% a year against 2.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Momentum Fund and Motilal Oswal Nifty 500 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 Motilal Oswal Nifty 500 Momentum 50 Index Fund?
On SEBI's riskometer, Axis Momentum Fund is rated Very High and Motilal Oswal Nifty 500 Momentum 50 Index Fund Very High. Over 1 years, the standard deviation of daily returns was 16.60% and 19.43% a year.
Can I invest in both Axis Momentum Fund and Motilal Oswal Nifty 500 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 Motilal Oswal Nifty 500 Momentum 50 Index Fund?
Axis Momentum Fund: Nandik Mallik. Motilal Oswal Nifty 500 Momentum 50 Index Fund: Swapnil Mayekar, Rakesh Shetty.
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.