Index Fund Corner
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| name of the scheme | 1-year returns | invest now | fund category | expense ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | invest now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | invest now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | invest now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | , | invest now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | invest now | Equity: Mid Cap | 0.28% |
The fund will be benchmarked against Nifty 500 Momentum 50 TRI.
Axis Nifty 500 Momentum 50 Index Fund is designed for investors who want to take advantage of the potential of momentum investing – a strategy that focuses on stocks that have demonstrated strong recent performance.
The fund will invest in the top 50 stocks of the Nifty500 index, selected based on their movement over the last 6 to 12 months, adjusting for volatility.
This approach aims to capitalize on the continuity of price trends and has shown success in both the global and Indian markets.
Speaking about the launch, B Gopkumar, MD & CEO, Axis Mutual Fund, emphasized the growing appeal of passive investment strategies in India.
“With the growing popularity of low-cost, passive strategies, we believe this fund offers a unique opportunity to invest in momentum-driven India stocks while ensuring broad diversification,” he said.
Axis Nifty500 Momentum 50 Index Fund will be managed by Karthik Kumar and Sachin Relekar. The minimum investment amount is ₹100, subsequent investments will be in multiples of ₹1.
The fund charges an exit load of 0.25% if redeemed or switched within 15 days from the date of allotment, and no exit load thereafter.
Ashish Gupta, CIO, Axis Mutual Fund, further said that the Nifty 500 Momentum 50 Index has historically outperformed the broader market indices by identifying high-growth stocks.
The fund aims to provide investors a cost-effective, simple and diversified way to benefit from India’s most promising momentum stocks.
first published: January 22, 2025 4:18 pm First
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