Axis Momentum Fund Direct Growth

Equity
Thematic
Very High Risk
Launch date22 Nov 2024
Allotment date12 Dec 2024
End date06 Dec 2024
NAV₹10.00

Expense ratio, exit load and tax

Expense ratio: NA

Inclusive of GST

Exit load

For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months

Stamp duty

0.005% (from July 1st, 2020)

Tax implication

Returns are taxed at 20%, if you redeem before one year. After 1 year, you are required to pay LTCG tax of 12.5% on returns of Rs 1.25 lakh+ in a financial year.

Understand terms

Minimum investment amounts

Min. for 1st investmentNot Supported
Min. for 2nd investment onwardsNot Supported
Min. for SIPNot Supported

Fund house & investment objective

Rank (total assets)#7 in India
Total AUM₹2,92,314.38Cr
Date of Incorporation04 Sep 2009

Axis Momentum Fund Direct Growth is a Equity Mutual Fund Scheme launched by Axis Mutual Fund. This scheme was made available to investors on 04 Sep 2009. Karthik Kumar is the Current Fund Manager of Axis Momentum Fund Direct Growth fund. The fund currently has an Asset Under Management(AUM) of ₹2,92,314 Cr and the Latest NAV as of 22 Nov 2024 is ₹10.00. The Axis Momentum Fund Direct Growth is rated Very High risk. Minimum SIP Investment is set to ₹500. For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months ;

Investment Objective

The Scheme seeks to provide long-term capital growth from an actively managed diversified portfolio of equity & equity-related securities of companies that exhibit strong momentum. The selection of securities will be based on a quantitative model that will aim to maximize momentum exposure based on various parameter. ;

Fund benchmarkNIFTY 500 Total Return Index

Fund house contact details

Address
23rd Floor, One Lodha Place,S. B. Road, Lower Parel. Mumbai 400013
Phone
022-24255161
Launch Date
04 Sep 2009
E-mail
NA
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