Axis Momentum Fund vs NJ Momentum Fund
Direct Plan, Growth option · Data as on 30-10-2026
Axis Momentum Fund is a Thematic fund and NJ Momentum Fund is a Thematic fund. Axis Momentum Fund charges 2.23% a year and NJ Momentum Fund 1.72% (Direct plans). Their portfolios overlap 32.9%: they hold 15 of the same securities.
Which is better, Axis Momentum or NJ Momentum? Key differences
It depends on what you want from the fund. These are the differences in numbers, from the data on this page.
- NJ Momentum costs less: 1.72% a year against 2.23% (Direct plans).
- NJ Momentum fell less in its worst fall since 03-08-2026: −10.8% against −11.2%.
- Their portfolios overlap 32.9%: 15 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 | NJ Momentum Fund |
|---|---|---|
| Fund house | Axis Mutual Fund | NJ Mutual Fund |
| Category | Thematic | Thematic |
| AUM | ₹841 Cr (30-09-2026) | Not available |
| NAV | ₹8.64 (Direct) | ₹9.60 (Direct) |
| Expense ratio (Direct) | 2.23% | 1.72% |
| Expense ratio (Regular) | 3.61% | 3.51% |
| Riskometer | Very High | Very High |
| Benchmark | Nifty 500 TRI | Nifty 500 TRI |
| Launch date | 12-12-2024 | 30-07-2026 |
| Minimum investment | ₹100 | ₹500 |
| Lock in | None | None |
| Fund managers | Nandik Mallik | Dhaval Patel, Viral Shah, Jaimin Ilavia |
| Exit load | For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months | Nil |
Axis Momentum vs NJ Momentum: 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% | -- | -- | -- |
| NJ Momentum Fund (Direct) | −3.42% | -- | -- | -- | -- | -- | -- |
| Thematic average | −2.09% | -- | -- | -- | -- | -- | -- |
Category average: the average of the 235 Thematic funds, same plan type.
Axis Momentum vs NJ Momentum: Year-wise Returns
| Year | AxisAxis Momentum | NJNJ Momentum | Nifty 500 TRI |
|---|---|---|---|
| 2026to date | −9.05% | -- | −7.51% |
| 2025 | −3.16% | -- | +7.76% |
Axis Momentum vs NJ Momentum: Rolling Returns
Every holding period of both funds, against Nifty 500 TRI, the benchmark of both
Axis Momentum vs NJ Momentum: Risk and Drawdowns
How much each fund swings, and the worst fall over the same days
Risk and return
| Measure | Axis Momentum Fund (Direct) | NJ Momentum Fund (Direct) |
|---|---|---|
| Return (CAGR) | −7.09% | −16.97% |
| Standard deviation | 16.97% | 16.11% |
| Sharpe ratio | -0.75 | -1.38 |
| Sortino ratio | -0.99 | -1.73 |
| Maximum drawdown | −21.5% (04-03-2025) | −10.8% (23-10-2026) |
| Beta | 1.10 | 1.16 |
| Alpha | −4.92% | +17.26% |
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)
NJ Momentum 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) | −11.2% | 06-08-2026 | 23-10-2026 | Not yet | -- | −7.3% |
| NJ Momentum Fund (Direct) | −10.8% | 31-08-2026 | 23-10-2026 | Not yet | -- | −6.9% |
| Nifty 500 TRI | −9.9% | 03-08-2026 | 23-10-2026 | Not yet | -- | −7.9% |
From daily values since 03-08-2026, the first day every fund has.
Axis Momentum vs NJ Momentum: Portfolio Overlap
From each fund's latest monthly portfolio: Axis Momentum Fund, September 2026; NJ Momentum Fund, September 2026
Holdings in common
- Overlap
- 32.9%
- Held by both
- 15
- Only in Axis Momentum
- 31
- Only in NJ Momentum
- 25
| Security | % of Axis Momentum | % of NJ Momentum |
|---|---|---|
| Laurus Labs Limited | 4.74% | 4.22% |
| The Federal Bank Limited | 3.40% | 3.38% |
| Navin Fluorine International Limited | 4.36% | 2.78% |
| Welspun Corp Limited | 2.75% | 6.72% |
| Shriram Finance Limited | 2.63% | 3.58% |
| Radico Khaitan Limited | 3.11% | 2.57% |
| R R Kabel Limited | 2.69% | 2.47% |
| Karur Vysya Bank Limited | 2.41% | 2.26% |
| State Bank of India | 2.28% | 2.23% |
| Bharat Forge Limited | 2.06% | 3.57% |
| Cummins India Limited | 1.41% | 2.20% |
| Kirloskar Oil Engines Limited | 1.37% | 4.30% |
| L&T Finance Limited | 1.26% | 2.03% |
| RBL Bank Limited | 5.06% | 1.03% |
| ABB India Limited | 0.48% | 2.30% |
Overlap: for each holding both funds own, the smaller of its two weights, added up. 32.9% means 32.9% 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% |
| Sai Life Sciences Limited | 4.08% |
| Craftsman Automation Limited | 3.24% |
| BSE Limited | 3.00% |
| GMR Airports Limited | 3.00% |
Largest holdings only in NJ Momentum Fund
| Security | % of fund |
|---|---|
| Multi Commodity Exchange of India Limited | 4.68% |
| Titan Company Limited | 3.84% |
| Torrent Pharmaceuticals Limited | 3.63% |
| Lupin Limited | 3.26% |
| Sona BLW Precision Forgings Limited | 2.75% |
Asset and sector split
Share of each fund, from its latest monthly portfolio
Asset allocation
| Asset | Axis Momentum | NJ Momentum |
|---|---|---|
| Equity | 90.0% | 99.7% |
| Debt | 2.4% | 0.0% |
| Cash and others | 7.7% | 0.3% |
Market cap of stocks
| Market cap | Axis Momentum | NJ Momentum |
|---|---|---|
| Large Cap | 24.7% | 28.0% |
| Mid Cap | 27.2% | 37.8% |
| Small Cap | 38.1% | 33.9% |
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 | NJ Momentum |
|---|---|---|
| Pharmaceuticals & Biotechnology | 9.4% | 19.7% |
| Industrial Products | 10.5% | 15.7% |
| Banks | 14.7% | 13.1% |
| Auto Components | 5.3% | 10.0% |
| Finance | 8.0% | 6.4% |
| Chemicals & Petrochemicals | 4.4% | 6.2% |
| Consumer Durables | 5.0% | 3.8% |
The six largest sectors of each fund's stocks, % of the fund.
Axis Momentum vs NJ Momentum: Expense Ratio
What each plan charges a year, from AMFI's expense ratio file
| Charge | Axis Momentum Fund | NJ Momentum Fund |
|---|---|---|
| Total expense ratio (Direct) | 2.23% | 1.72% |
| Base expense ratio (Direct) | 0.78% | 0.58% |
| Total expense ratio (Regular) | 3.61% | 3.51% |
| Base expense ratio (Regular) | 2.00% | 2.10% |
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 NJ Momentum Fund: Frequently Asked Questions
What is the difference between Axis Momentum Fund and NJ Momentum Fund?
Axis Momentum Fund is a Thematic fund, NJ Momentum Fund is a Thematic fund, run by Axis Mutual Fund and NJ Mutual Fund. Their portfolios overlap 32.9%. Axis Momentum Fund charges 2.23% a year and NJ Momentum Fund 1.72%.
Which has the lower expense ratio, Axis Momentum Fund or NJ Momentum Fund?
NJ Momentum Fund charges less: 1.72% a year against 2.23%. These are the Direct plans' total expense ratios reported to AMFI.
How much do Axis Momentum Fund and NJ Momentum Fund overlap?
32.9%. They hold 15 of the same securities, the largest shared ones being LAURUSLABS, FEDERALBNK, NAVINFLUOR. From each fund's latest monthly portfolio.
Which is riskier, Axis Momentum Fund or NJ Momentum Fund?
On SEBI's riskometer, Axis Momentum Fund is rated Very High and NJ Momentum Fund Very High. Over their common history, the standard deviation of daily returns was 16.97% and 16.11% a year.
Can I invest in both Axis Momentum Fund and NJ Momentum Fund?
Yes. 32.9% 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 NJ Momentum Fund?
Axis Momentum Fund: Nandik Mallik. NJ Momentum Fund: Dhaval Patel, Viral Shah, Jaimin Ilavia.
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.