Launch date | 22 Nov 2024 |
Allotment date | 12 Dec 2024 |
End date | 06 Dec 2024 |
NAV | ₹10.00 |
Inclusive of GST
For units in excess of 10% of the investment 1% will be charged for redemption within 12 Months
0.005% (from July 1st, 2020)
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.
Min. for 1st investment | Not Supported |
Min. for 2nd investment onwards | Not Supported |
Min. for SIP | Not Supported |
Rank (total assets) | #7 in India |
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Total AUM | ₹2,92,314.38Cr |
Date of Incorporation | 04 Sep 2009 |
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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 ;
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 benchmark | NIFTY 500 Total Return Index |
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